Northern Illinois Buys Certified Marcellus Gas from ENGIE Energy
Nicor Gas, a local distribution company (LDC), otherwise known as a natural gas utility company, is headquartered in Naperville, Illinois–a suburb of Chicago. Nicor Gas is the largest natural gas distribution company in Illinois, serving more than two million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. Two days ago Nicor announced it had signed a deal with ENGIE Energy Marketing NA to buy “responsibly sourced” natural gas for its customers.
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In 2018, CNX Resources announced it had signed a long-term contract with Evolution Well Services to use Evolution’s 100% natural gas-fueled electric pressure pumping equipment (see
Yesterday MDN highlighted a newly published Cleveland State University study commissioned (and paid for) by the nonprofit JobsOhio (see
At the end of the day, Joe Manchin, U.S. Senator from West Virginia, is still a Democrat and beholden to his party’s radical leftwing. We had hoped he was a different kind of Democrat, but alas, perhaps not. Bloomberg (often a fake news source) is reporting that Manchin is reaching out to Republicans in the Senate to gauge interest in spending a half-trillion dollars ($550 billion to be exact) on “climate and energy spending”–resurrected pieces of what had been Biden’s failed Build Back Better Act. The aim is to salvage something of Joe Biden’s tattered reputation ahead of the 2022 elections in November, so Dems are not completely obliterated (as we hope they are and deserve to be) this fall. No thanks, Sen. Manchin. We’re not interested in tacking on another 4-5% to the inflation numbers that are already at historic highs, which is exactly what such a bill would do.
Three Democrat Federal Energy Regulatory Commission (FERC) commissioners voted to adopt and immediately begin using new guidelines for approving pipeline projects by taking into account mythical global warming factors back in February (see
The world can’t get enough LNG (liquefied natural gas), specifically American LNG. The U.S. has seven active LNG export terminals, another 18 FERC-approved export terminal projects (four under construction), and six or more proposed but not yet approved projects. The world needs our natural gas/LNG, we have the ability to provide it, let’s build! Chop chop!! But wait a minute–it’s not that easy (nothing ever is). There are two big reasons why more LNG export facilities are not proceeding to final investment decisions (FIDs) and beginning to build, even with the world begging for our LNG.
Last week Pennsylvania issued 22 new shale well permits, up ten from the prior week. EQT led the way with five permits, all in Greene County. Both LOLA Energy and Snyder Brothers had four permits each, LOLA in Butler County and Snyder in Armstrong. For the second week in a row, Ohio had no new shale permits issued last week. Bummer. West Virginia had eight permits, up from two in the prior week. Arsenal Resources had the most with four permits in Taylor County, while Southwestern Energy had three permits–one in Ohio County and two in Brooke County.
OTHER U.S. REGIONS: Plans for New Fortress Energy Louisiana FLNG advance; NATIONAL: Peak oil might be just three years away, McKinsey says; INTERNATIONAL: Poland and Bulgaria say Russia is suspending their natural gas supplies; Plan to quickly wean Europe off Russian gas faces major hurdles.