Antis Use DRBC Frack Ban to Pressure Weak NJ Gov re LNG Exports
Anti-fossil fuel nuts in New Jersey are hoping the recent decision by the Delaware River Basin Commission (DRBC) to permanently ban fracking within the river basin bodes well for another project they dearly want to ax: an LNG export facility in Gibbstown, NJ. The DRBC is composed of five voting members, including the governors of NY, PA, DE and NJ. New Jersey Gov. Phil Murphy is a left-wing Democrat and like others of his kind, susceptible to undue influence from the more radical elements in his party. Those radical elements now believe they can flip Murphy (and the other DRBC members) into blocking the Gibbstown LNG facility, after they so recently approved it, because of their frack ban decision.
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Shell, one of the world’s biggest traders of LNG, released its fifth annual LNG Outlook report for 2021 last week (full copy below). Shell says global demand for liquefied natural gas (LNG) increased from 358 million tonnes (Mt) in 2019 to 360 Mt in 2020. It would have been a lot higher had it not been for the coronavirus pandemic and the shutdown of the worldwide economy. Hauling out the crystal ball, Shell makes a compelling case in the latest Outlook that worldwide demand for LNG will double to 700 Mt by 2040–in under 20 years! Can you imagine?
The U.S. Energy Information Administration (EIA) recently issued its Annual Energy Outlook for 2021 (see 
Virtual pipeline company Xpress Natural Gas (XNG), which operates a major compression station/trucking facility not far from MDN headquarters, has agreed to sell itself to Basalt Infrastructure Partners, an investment firm located in London and New York City. The sale price was not disclosed.
The City of Monroe, North Carolina is a shining example of what other cities should do. The city recently launched a new LNG facility online (took three years to build). The city buys natural gas on the open market when the price is low, liquefies and stores it, and then regasifies it for use later–saving residents money. Smart folks running Monroe.
This is an early test for how the Biden administration, specifically Biden’s pick to run the Federal Energy Regulatory Commission (FERC), Richard “Dick” Glick, will respond to requests for additional infrastructure related to fossil fuels. Last week Venture Global filed a “pre-filing” request with FERC ultimately looking for permission to build a major new LNG export facility next door to another facility (Calcasieu Pass Project) Venture Global is currently building. The new project is dubbed CP2 and will come with a (gasp) 87.5-mile greenfield pipeline.
The very first cargo of LNG to transit the expanded Panama Canal happened in July 2016 (see 
Last week we told you about anti-fossil fuel zealots (including THE Delaware Riverkeeper) attempting to convince the incoming Biden administration to block the now fully permitted and authorized LNG export terminal New Fortress plans to build on the New Jersey shore of the Delaware River in Gibbstown (see 
Big Green (Democrat) organizations are feeling full of themselves following the Biden/Harris election and winning control of the Senate. They’re making some pretty big boasts of what they’ll demand from Biden and Chuck Schumer. Demands like no new pipelines, ban natural gas everywhere, force all new cars to be electric, yada yada yada. One of the worst of the worst of the Big Green groups is the radical National Resources Defense Council (NRDC). In a blog post yesterday, the New York chapter of the NRDC lays out its 2021 plans that include their intent to try and block the construction of the New Jersey LNG export facility and block construction of the PennEast Pipeline in Pennsylvania.
U.S. exports of liquefied natural gas (LNG) set a new all-time record high in December, averaging 9.8 billion cubic feet per day (Bcf/d). The results in December were more than three times higher than the reduced export levels of last summer. Marcellus/Utica gas played a key role in those exports.