Equitrans Says an Act of Congress is Best Way to Finish MVP Pipeline
Yesterday Equitrans Midstream, the builder and majority owner of the Mountain Valley Pipeline (MVP) project, issued its third quarter 2022 update. The big news (for us) was that Thomas F. Karam, CEO of Equitrans, said that if the 95% complete MVP is going to get finished, it’s probably going to take an act of Congress to do it. The same three clown judges (our words) of the 4th Circuit Court of Appeals are signaling they will continue to block MVP, says Karam. In contrast to the clouds over MVP, yesterday’s update shared a bit of good news for a second Equitrans project.
Read More “Equitrans Says an Act of Congress is Best Way to Finish MVP Pipeline”
Unfortunately, EQT, the largest natural gas producer in the U.S., has succumbed to the siren song of seeking approval from the United Nations (U.N.), an organization dedicated to destroying fossil energy on the planet in the name of saving the planet. Yesterday EQT announced it has received the UN’s Oil & Gas Methane Partnership 2.0 (OGMP 2.0) “Gold Standard” rating, the highest reporting level under the initiative. Support for OGMP 2.0 is growing in the natgas marketplace in the U.S. We previously told you that Cheniere Energy’s LNG export plants are seeking certification under OGMP 2.0 (see 
Fortuitously, following our rant on EQT joining the United Nations Oil & Gas Methane Partnership 2.0 (see EQT Receives United Nations “Gold Standard” Stamp of Approval), we happened across a summary of a newly published report by O&G consulting giant Wood Mackenzie on so-called Scope 3 emissions and how oil and gas companies are struggling to plan for tracking (and to reduce) Scope 3. This report confirms exactly what we are saying: Programs like the U.N.’s OGMP 2.0 will eventually (sooner rather than later) begin to put the squeeze on oil and gas to track and reduce Scope 3. The obvious conclusion is that our O&G companies will be forced to exit the oil and gas business altogether to remain compliant.
National Grid is desperately trying not to run out of natural gas for its customers in Brooklyn and Queens (on Long Island). For several years the company has fought a battle to run a tiny pipeline to its Greenpoint, Brooklyn facility to provide extra natural gas. That project is being investigated by the Biden administration on charges of racism (see 
The Freeport LNG export facility experienced an explosion and fire in early June (see 
OTHER U.S. REGIONS: Archrock and EnerVest successful field pilot of methane capture tech; California’s natural-gas bans push largest gas utility to find a new strategy; New Fortress LNG plant review resumes, start-up slips to 2H23; NATIONAL: SLB and Linde partner on CCUS; Windfall tax on Big Oil is more US politics than real threat; Biden, Trudeau choose green war on oil and gas over working class.