Ethane | Hydrogen | Industrywide Issues | NGLs | Statewide WV | Storage | West Virginia
WV Senator Capito Tells WV-GO Biden Infra Bill has $$ for NGL Hub
U.S. Senator from West Virginia Shelley Moore Capito “Zoomed” in to address the Gas and Oil Association of West Virginia’s (GO-WV) annual winter meeting last week. She talked about the Biden infrastructure bill, which she supported, and Biden’s so-called Build Back Better bill, which she does not support. As part of her comments, Capito mentioned the $1.2 trillion infrastructure bill includes money for “an Appalachian ethane/hydrogen storage hub.” Wow! We thought that project was long dead.
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Barging along the Ohio River from Cincinnati to Pittsburgh (including the Allegheny, Monongahela, and Kanawha rivers) has always been a big business, critical to the economy of the Ohio River Valley region. Barging along the Ohio River is currently undergoing a transformation from coal and steel to petrochemicals and plastics. Why and how? In a phrase, the Marcellus/Utica shale is the reason.
Just a few weeks ago we told you a Shell rep said the mighty ethane cracker is 80% complete and the company is now searching for permanent employees to fill some 600 positions (see 
We’re seeing mixed signals for the price of natural gas in the Marcellus/Utica and where it may be heading in the near future. One set of signals is the day-ahead cash price (“spot price”)–the deals to sell physically-delivered natural gas at a certain price at a particular hub/location. The spot price for M-U gas at hubs like the Eastern Gas South (widely viewed as the benchmark in the M-U region), is up. But the forward price is, if anything, down a bit.
The Pennsylvania Dept. of Conservation and Natural Resources (DCNR) has banned the spreading of conventional oil and gas brine for any purpose on its over 6,500 miles of roads in PA State Forests. A majority of those roads are dirt and gravel. The ban also applies to all State Park roads (although most of those roads are paved and don’t need water for dust suppression, so it’s an empty gesture).
Midstream giant Williams’ chief operating officer, Michael Dunn, told an industry conference in Houston, TX yesterday that Joe Biden is “overlooking” the role natural gas can place in reducing emissions and decarbonizing the U.S. And that’s a big mistake. Dunn’s sentiment (in our words) is that the Bidenistas are unwilling to accept half-a-loaf now and instead prefer no loaf at all, which leads to more harmful emissions, not less.
The haughty and arrogant John Kerry is at it again. Kerry (who looks like Lurch on the Adams Family) spoke at a so-called “climate event” at the U.S. Chamber of Commerce yesterday. Kerry is Joe Biden’s special climate envoy. In his speech, Kerry had the audacity to warn other nations they should not invest in natural gas infrastructure because it causes “climate change”–whatever the heck that is. The climate always changes, but leftists like Kerry don’t seem to understand that concept.
MARCELLUS/UTICA REGION: Wolf administration gives $2.7M to cleaner transportation projects, including fossil fuels; OTHER U.S. REGIONS: Sabine Pass sees record LNG flows; VCEA makes Virginia’s electric grid dangerously unreliable; NATIONAL: U.S. oil CEOs offer opposing views on crude output growth; INTERNATIONAL: Royal Dutch Shell changes name; Europe’s crazy war on natural gas.