Antis Lie About Safety of LNG-by-Rail, Seek Permanent Ban for PA
Irrational anti-fossil fuelers, including THE Delaware Riverkeeper and the League of [Liberal Democrat] Women Voters, have set their sites on assassinating LNG-by-rail shipments in Pennsylvania and beyond. If even one shipment of LNG using rail cars should happen, it would expose the lie that LNG-by-rail is a “rolling bomb.” Antis, poisoned with hatred against fossil energy, are making fantastical and 100% false claims about LNG by rail. Substances FAR more flammable and combustible than liquified natural gas, including crude oil, roll down the rail tracks each and every day through major population centers across the country. That fact doesn’t seem to bother antis.
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Despite screaming and howling at the moon by leftist Big Green groups, including the Sierra Club and Public Citizen, the Federal Energy Regulatory Commission (FERC) last week issued orders allowing two huge new LNG export facilities extra time to complete building those projects. On May 6, FERC issued a 31-month time extension to Cheniere Energy to build its third train (“Stage 3”) project at the existing Corpus Christi Liquefaction facility. FERC issued a three-year time extension to Energy Transfer’s Lake Charles LNG project. Both facilities have the potential to be fed, in part, by Marcellus/Utica molecules.
An interesting development for an LNG export project in Canada we’ve tracked for years. Bear Head Energy, Inc., the current owner of Bear Head LNG in Nova Scotia, is being sold to Houston-based Buckeye Partners for an undisclosed sum. Buckeye is a portfolio company of, wholly owned by, IFM Global Infrastructure Fund (based in Australia). The former owner of the Bear Head LNG project, LNG Limited, was also based in Australia before it went belly up. Buckeye is a serious company with serious assets in the U.S. and has declared its intent to develop the fully-permitted Bear Head project forthwith. Maybe Canada’s East Coast will get an LNG export facility after all!
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 
LNG seems to be the word on everyone’s lips these days–everyone in the oil and gas space, that is. Two weeks ago TC Energy (formerly TransCanada), a huge midstream/pipeline company, issued its first quarter update and held a conference call with analysts. We’re just now learning about some of the chatter coming from that update–very interesting chatter. LNG was a hot topic–flowing more molecules, especially Marcellus/Utica molecules–to LNG export facilities along the Gulf Coast. TC Energy CEO Francois Poirier said during a conference call that roughly one-quarter (25%) of all the molecules that flow to U.S. LNG export facilities get to those facilities by traveling through TC’s pipelines.
Another day, another deal from Energy Transfer (ET) in signing up customers to accept shipments of LNG produced by ET’s yet-to-be-constructed LNG export facility in Lake Charles, Louisiana located on the Calcasieu ship channel. Yesterday we told you ET had signed up Singapore’s Gunvor to accept 2.0 million tonnes (MT) per year (see 
Pipeline giant Energy Transfer (builder of the Rover and Mariner East pipelines here in the M-U) is planning a large-scale LNG export facility in Lake Charles, Louisiana located on the Calcasieu ship channel. The project will convert Energy Transfer’s existing Lake Charles LNG import and regasification terminal to become an LNG export facility. In March, ET announced it had signed a pair of 20-year deals with ENN, a Chinese company, to deliver a total of 2.7 million tonnes (MT) per year to the Chinese Communists (see 
In March Joe Biden announced a deal with Europe to deliver more LNG to the Continent, starting this year (see 
Yesterday EQT Corporation released its first quarter 2022 update and held a conference call with analysts. The big news came from CEO Toby Rice, who said in his opening remarks, “We are currently in discussions with LNG end-users across various geographies and are contemplating equity investment opportunities in LNG export facilities.” Later in the call, in response to a question, Rice added, “Our ultimate prize that we’re looking for here at EQT is to get exposure to international markets…One of the ways that we get more flexibility towards accessing those contracts is to take an investment in the LNG facility itself.”
Antero Resources, one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia) issued its first quarter 2022 update yesterday. We’ve often marveled at Antero’s ability to make money on its natural gas and NGLs with hedging–preselling gas and NGLs at prices that beat whatever the current market price is at the time (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.
When you only have one main pipeline flowing natural gas from the prolific Marcellus Shale to your region, as does Boston, if that pipe has an outage for any reason, as the Algonquin Gas Transmission (AGT) has had, you’re in trouble. AGT declared a force majeure (an unforeseen act of God) on the 26-inch line of its J System in Massachusetts. The outage in one particular section of the pipeline means “slashing nominations downstream of Trapelo to zero for the foreseeable future.” Ouch. Guess what’s happening to the price of natural gas at the Algonquin Citygates natgas trading hub? Through the roof.
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 
Pennsylvania State Rep. Marina White (Republican from Philadelphia, a true rarity) sponsored a bill that’s getting traction in Harrisburg. House Bill (HB) 2458, which passed with a vote by the full House on April 13, creates a task force to study how to establish Philadelphia LNG exports to international markets, particularly those in Europe. The bill creates a task force to study the economic feasibility, financial impact, and the security needed to turn the Port of Philly into an LNG export terminal, exporting PA’s abundant and clean Marcellus Shale gas.