FERC Draft EIS for East Tennessee Pipe Project Gets Green Light
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility company in the country. Last May, TVA announced that it would convert the Kingston Fossil Plant (coal-fired plant) in East Tennessee to a natural gas-fired plant capable of generating 1,500 megawatts of electricity (see TVA Proposes NatGas Power Plant, 122-Mile Pipeline for East Tenn.). The project also includes contracting with Enbridge to build a new 122-mile pipeline. Good news for the pipeline portion of the project…
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More than 50 “groups” colluding with ringleader Ohio River Valley Institute (ORVI) sent a letter to the Department of Energy (DOE) calling for the suspension of the Appalachian Regional Clean Hydrogen Hub (ARCH2), falsely claiming an “extreme lack of transparency” and lack of “meaningful community engagement” during project negotiations. Translation: The ORVI and its band of fossil fuel bigots are mad because they don’t know exactly where to go to protest each element of the ARCH2 project. They want to bully local municipalities and politicians to block hosting any element of the multi-million-dollar project. How rude of the DOE not to make it easy for the ORVI.
The price of natural gas is, in one sense, complex, with lots of variables depending on where the gas is bought and sold. On the other hand, it can be boiled down to a simple-to-understand formula: Supply and demand. Of course, it is the factors that go into supply and demand that make it so tricky to nail down and predict! Weather and LNG exports are big factors on the demand side. Production and storage are big factors on the supply side. A number of Marcellus/Utica drillers have scaled back on production. In the month of May, according to analysts with S&P, storage levels are “below average” due to more gas being used to keep houses air-conditioned (natgas is used to generate power, leaving less to be stored for next winter).
In January, President Biden announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve projects (see 
LNG (liquefied natural gas) that is exported from the U.S. to Asia takes one of three routes to get there. One route is via the Panama Canal, crossing into the Pacific Ocean and on from there. Another is via the Atlantic Ocean to the Suez Canal and from there via the Red Sea, which connects to the Indian Ocean. The third way is sailing through the Atlantic Ocean and around the Cape of Good Hope off the southern tip of Africa. In the past, both the Panama Canal and the Suez Canal were the preferred routes, shaving weeks from the journey. However, given recent events, the dynamic has completely changed. Now, the preferred route is the longest route — around the Cape of Good Hope.
In 2020, Congress mandated a report from the National Academies of Sciences, Engineering, and Medicine to assess the U.S. Coast Guard’s ability, methods, and role in conducting the certificate of compliance (COC) program for the foreign-flag tanker ships known as liquefied gas carriers (LGCs) and to consider the need for statutory reforms. The National Academies released its report yesterday with recommendations for how the Coast Guard can and should update its LNG carrier certification program.
MARCELLUS/UTICA REGION: 2 people missing after building explosion in Youngstown, Ohio; OTHER U.S. REGIONS: Iowa tornadoes destroy wind turbines; Sheboygan power generating station to convert to natgas in 2028; Aethon Energy to acquire Tellurian integrated upstream assets; NATIONAL: ConocoPhillips in advanced talks to buy Marathon Oil; DOE announces $1.2M to accelerate CO2 removal industry; Ted Cruz introduces bill to scrap Biden ‘natural gas tax’; Big Oil faces mounting legal challenges from climate-obsessed groups; Supreme Court appeal shines light on left’s climate lawsuit machine.