TC Energy Plans to Use All Renewable Energy to Power NatGas Pipes
How’s this for weird? TC Energy, the former TransCanada, which owns extensive liquids and natural gas pipelines across North America, including the Columbia Gas Transmission interstate pipeline network that blankets PA, OH, and WV, plans to buy only so-called renewable electricity (from solar and windmills) to power all of its pipeline network in the U.S. and Canada–a network that flows fossil fuels. It makes no sense. If the product you flow is so bad for the environment you must use “renewables” to flow it instead of that product itself, why bother flowing it at all? Just close it down!
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On Tuesday the U.S. Energy Information Administration reported that due to rising spot demand in both the winter and summer months from Asia and Europe, and lower natural gas prices here in the U.S. versus the price elsewhere, LNG exports in the U.S. hit record hights for the first half of this year. That’s good news for Marcellus/Utica drillers and landowners. LNG exports jumped to an average of 9.6 billion cubic feet per day (Bcf/d) between January and June 2021, up by 42% compared with the first half of 2020.
Yesterday pipeline giant Williams released its 2020 Sustainability Report, which is another name for ESG (environmental, social, and governance). The company says it will be net carbon zero by 2050, but in the meantime, they will meet other important targets long before that date. While it would be easy to dismiss this report as yet another 126-page manifesto in gobbledegook aimed at placating the global warming gods, when we began to dig into the report we found some interesting bits of information and statistics.
Every now and again we’ll pick up and run a press release from a company looking to sell something to the M-U energy space. This is one of those times. We spotted a release from a company that has launched an online platform used by natural gas buyers to manage their purchases (i.e. trades). Mickey is an online commodities trading platform that connects buyers and sellers of natural gas (in addition to other commodities). Mickey’s platform enables domestic natural gas buyers to source supplies from small-to-medium-sized producers in the U.S. The platform currently offers energy supply sourcing in New York, Ohio, and Pennsylvania–with plans to expand over time.
MARCELLUS/UTICA REGION: Equinor grows Marcellus output and NA natural gas fetches 53% price improvement; Ohio oil and gas industry continues to recover from pandemic; NATIONAL: Oil price increases as healthy demand decreases supply; Haaland accused of defying judge on oil leasing; The insult of favoring OPEC’s leaders over America’s energy workers; Natural gas-powered Class 8 trucks make sales gains in 2021; INTERNATIONAL: German emissions from electricity rose 25% in first half of 2021.