New England Democrats Ask DOE to Restrict LNG Exports
This *really* has our blood boiling. The same Democrat politicians in New England who have blocked new natural gas pipelines from the Marcellus (just 200 miles away) to their region, preferring so-called “renewable energy” instead, have just asked the hapless, incompetent Secretary of the Dept. of Energy, Jennifer Granholm (a fellow Democrat) to restrict LNG exports so their constituents don’t have to suffer the pain of their (the politicians’) decision to block pipelines. We’re talking about Massachusetts’ two U.S. Senators, Elizabeth “Pocahontas” Warren and Ed “Lackey” Markey, and Sen. Pat “Leaky” Leahy whose home state of Vermont has banned all fracking and blocks pipelines. Talk about chutzpah!
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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 
In recent weeks and months, MDN has beat the drum about the high price of natural gas and electricity (generated by burning natural gas) in New England (
Full-scale war in Eastern Europe, with Russia set to invade and annex Ukraine, seems closer now than at any time since the breakup of Yugoslavia and, before that, World War II. One very important key NATO member is resisting calls from Joe Biden to send troops and threaten sanctions against Russia if it invades: Germany. Why? Because Germany sucks on Russia’s oil and natural gas teat for a significant portion of its energy. Is there a connection between the global crisis half a world away and the Marcellus/Utica?
In July 2021 Pieridae Energy, a Candian driller and LNG company, hired Peters & Co. Limited to help it conduct an internal review about the best path forward. Should the company sell itself? Should it merge with another company? Sell some of its assets but not others? The review is now over and done and the decision is…to keep on going just the way they have been. No sale, no merger, no asset sale. Why are we interested? Because of Pieridae’s proposed Goldboro LNG project.
As Yogi Berra once quipped, this feels like déjà vu all over again. In 2019 New York City and Long Island experienced an epic showdown with National Grid, which supplies natural gas to all of Long Island including Brooklyn and Queens. National Grid slapped a moratorium on new gas hookups due to short supplies and then-Gov. Andrew Cuomo’s blocking of a pipeline to bring more supplies to the region. After extreme blowback from customers, Cuomo threatened to rip National Grid’s franchise away and give it to someone else unless they paid $30 million in bribes and started hooking up new customers again. National Grid caved and the bad guy, Cuomo, won (see 
According to the U.S. Energy Information Administration (EIA), natural gas spot prices at Henry Hub averaged $3.91/MMBtu for 2021. Each month the EIA issues a Short-Term Energy Outlook (STEO). In the latest STEO update for January, EIA predicts that the annual average HH price will average $3.79/MMBtu in 2022, down $0.12 from 2021. EIA further predicts the HH price in 2023 will go down yet more, to an average of $3.63.
In June 2020 the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), published final rules to allow LNG (liquefied natural gas) to be safely transported by special rail cars (see 
TC Energy Corp., the former TransCanada, held its annual investor day on Dec. 1. TC owns extensive liquids and natural gas pipelines across North America, including the Columbia Gas Transmission interstate pipeline network that blankets Pennsylvania, Ohio, and West Virginia. If anyone has its ear to the ground and watching for/discerning longer-term trends, it is big pipeline companies like TC Energy. During the investor day update, one of TC’s executives, Tracy Robinson, said she expects natural gas demand in North America to grow 25% by 2030. That’s a remarkable amount of growth!
Speakers on a panel at the recent 23rd World Petroleum Congress, held in Houston, TX, made a strong case for natural gas as the only legitimate “green” alternative to power the world. At least for the next couple of decades. The panel was called “Can Natural Gas, Including LNG, Deliver on the Promise of a Clean & Affordable Transition Fuel?” Charif Souki, Chairman of Tellurian and founder of Cheniere Energy, along with Jim Teague, Chief Executive of Enterprise Products Partners, made some great points. Souki asked the question, why in the world would we “trade” dealing with OPEC for dealing with (subjugation to) China?
Even though U.S. LNG exports help the U.S. by providing more jobs and economic prosperity, and even though U.S. LNG exports help the world by providing a green alternative to coal and other forms of environmentally destructive fuels, some Democrats continue to bash away at natural gas and are actively trying to kill the industry in our country. Legislation introduced Dec. 7 by Representative Jan Schakowsky (Democrat-Illinois), and Nanette Diaz Barragán (Democrat-California), would bar the Federal Energy Regulatory Commission (FERC) from approving new LNG terminals.