Energy Services | Industrywide Issues | Pipelines | Regulation | Statewide VA | Transco | Virginia | Williams
Transco Pipe Seeks to Build New Compressor Boosting Flows in Va.
Transcontinental Gas Pipe Line (Transco) and Columbia Gas Transmission both asked the Federal Energy Regulatory Commission (FERC) for permission to enter the early review process for linked projects to move another 100,000 dekatherms per day of natural gas (roughly 100 MMcf/d) to Virginia Natural Gas (VNG) markets in southeast Virginia. Transco’s Commonwealth Energy Connector Project, as it is called, proposes adding six miles of new pipeline in an existing right-of-way and one new electric compressor station.
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Today, right now, the #1 source of electricity produced in the so-called Empire State is…(drum roll please)…natural gas. By 2040 the state says natural gas will produce zero electricity and the number one source to produce electricity will be huge, ugly, noisy, environmentally-damaging windmills–both onshore and offshore. We plan to be around in 20 years just to laugh and say “we told you so” that such a plan is a pure (and dangerous) fantasy. Yesterday the state’s power management grid, called NYISO (New York Independent System Operator, Inc.) held an Installed Capacity and Market Issues Working Group meeting. From a question asked about the state recently denying permits to upgrade natgas-fired power plants, it was obvious NYISO members don’t have a clue how they will generate enough electricity to keep the lights on in 20 years’ time.
The third quarter was not kind to Marcellus/Utica drillers with respect to the official income statements. Why? In a word, hedging. Take EQT for example. During 3Q, EQT lost nearly $2 billion because of bad hedges–locking in prices to sell production far below current market prices (see 
Chesapeake Energy lost $345 million during 3Q21, which was better than the $745 million net loss in 3Q20 (see 
After signing the Declaration of Independence, Benjamin Franklin is reported to have said: “We must all hang together, or, most assuredly, we shall all hang separately.” Someone at Consolidated Edison (ConEd) never studied history. ConEd has joined hands with the very people that seek to destroy the fossil fuel industry in a campaign to pressure New York City into adopting a new law prohibiting new customers from hooking up for natural gas delivery. Even though ConEd itself is one of two primary suppliers of natural gas in NYC. Why do such a foolish thing?
MARCELLUS/UTICA REGION: Higher coal, natural gas prices drive Nov revenue surplus for WV; America’s energy future depends on Pennsylvania; OTHER U.S. REGIONS: Jordan Cove LNG project officially ended by Pembina; NATIONAL: US weekly LNG exports remain flat, Henry Hub spot price fall; Did the U.S. shale industry miss its window in 2021?; Capturing CO2 for a host of industrial uses.