PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold
In February of this year, PTT Global Chemical adamantly claimed a final investment decision (FID) to build the $10 billion ethane cracker plant project in Belmont County, OH would happen by “middle of 2021” (see PTT Says Recent Reports of Ohio Cracker Decision Delay “Not True”). They lied. Again. Last week we told you that since May, PTT Global Chemical’s parent company, PTT Pcl (Thailand’s biggest company by far), has spent almost $10 billion to build an electric vehicle business and buy up petrochemical assets in Europe and renewable-energy projects in Asia (see PTT Blows $10B on Renewables Since May, Still No OH Cracker FID). Yet they can’t scrape together the money to build the Ohio cracker plant. PTT Global Chemical has finally come clean and admitted there will be no FID for the cracker plant–not until they secure a partner to help finance the project. In other words, it’s on indefinite hold.
Read More “PTT Finally Admits Truth – Ohio Cracker Project on Indefinite Hold”
In an effort to flow more Marcellus natural gas to a gas-starved New York City, Kinder Morgan cut a deal with utility company Consolidated Edison in 2019 to beef up capacity along its Tennessee Gas Pipeline (TGP) that feeds NYC, allowing Con Ed to avoid cutting customers off from natgas hookups (see 
Last October the Sisters of the Corn (our name for a group of leftist nuns in Lancaster County, PA) filed yet another frivolous lawsuit against Williams over a pipeline that crosses their land–a pipeline (Atlantic Sunrise) that has been up and running for years (see 
Earlier this month MDN brought you information on the kinds of efforts and initiatives oil and gas companies are adopting to prove to those who hate us that we’re green and good for Mom Earth (see 
OTHER U.S. REGIONS: Texas upstream employment increases; California’s energy and climate regulations are “Green Jim Crow”; NATIONAL: EIA expects increased U.S. propane consumption this winter; Critics say Biden ‘slow walks’ compliance with court order to resume federal oil, natural gas lease sales; In midst of Afghanistan disaster, Biden turns to Nord Stream 2; INTERNATIONAL: China announces major shale oil discovery; BP to use renewable natural gas processed from poultry litter; Gas shortage boosts Russia’s sway over Europe’s energy markets.