Scranton Newspaper Seeks to Destroy $800M Wyalusing LNG Plant, Jobs
The leftists who run and write the Scranton Times-Tribune are at it again–doing anything and everything they can to destroy the Marcellus industry that singlehandedly has created more new jobs and raised the standard of living for more people in northeastern PA than any other industry in the past generation–the Marcellus industry. The new target for Times-Tribune is a proposed $800 million LNG liquefaction plant in Wyalusing, PA (in nearby Bradford County). The Times-Tribune editors say the plan to build the plant and transport the LNG via rail is too “risky” and northeast PA will be just fine without an extra $800 million and hundreds of jobs. Dopes.
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In June 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
In July 2018 Eagle LNG officially opened its Maxville, Florida (suburb of Jacksonville) liquefaction facility to first liquefy then transport LNG to Crowley’s new LNG bunkering facility at the Port of Jacksonville (Jaxport) where the LNG is used to fuel two Crowley LNG-powered ships designed to carry both containerized and roll-on/roll-off cargo (see
Anti-fossil fuelers are on a holy mission to stop a 3.37-mile, 8-inch pipeline from being built under the Potomac River by Columbia Gas (see
Our favorite government agency, the U.S. Energy Information Administration (EIA), is singing a different tune than it did less than two months ago. In late June, EIA published a post discussing the drastic drop in U.S. LNG (liquefied natural gas) exports, saying a recovery to pre-COVID levels would not happen until sometime next year (see
The Federal Energy Regulatory Commission (FERC) granted permission to Kinder Morgan to begin service on train #10 at KM’s Elba Island LNG export facility, located near Savannah, Georgia. KM’s Elba project consists of 10 mini-trains, each capable of liquefying 0.3 million tonnes per annum (MTPA) of LNG–or roughly 40 million cubic feet per day (MMcf/d) of natural gas. There’s just one train left to bring online…
New Fortress Energy (NFE), which is building an LNG liquefaction facility in northeastern Pennsylvania and a dock on the Delaware River to export their PA LNG, is expanding rapidly. NFE issued its 2Q20 update yesterday. In reading a transcript of a conference call with analysts, the light bulb went off for MDN. NFE has figured out how to deliver (sell) LNG to just about any market on the planet. It’s pure genius. We’ll explain it below.
What’s happening with New Fortress Energy’s $800 million LNG liquefaction plant in Wyalusing (Bradford County), PA? We recently had an inquiry from a union member/MDN reader wondering whether or not the project has been scrubbed because there is no activity at the site. We have an answer…
Wow, that was fast! Yesterday Kinder Morgan filed a request with the Federal Energy Regulatory Commission (FERC) asking for permission to start up train #9 at the Elba Island, George LNG export facility. And yesterday FERC turned around and issued that permission. Same day! How many trains (of the 10 total) are left to go online?
Earlier this week Kinder Morgan, one of (perhaps THE) largest pipeline company in the U.S., issued its second-quarter update. While most headlines blare that the company “lost” $637 million during 2Q, what they don’t say (until you read a few paragraphs in) is that it was a paper loss. Yes, revenue was down. But if you take the impairment (writedown) charge away, KM actually made $363 million in profit during 2Q. It was not, however, KM’s financial performance that caught our attention. It was the update on Marcellus/Utica projects like the Elba Island LNG export facility and a new project to expand Tennessee Gas Pipeline to provide more gas into New York City that caught our eye.
New Fortress Energy, which likes to build and own as much of the LNG supply chain as possible, built and recently finished an LNG import terminal in San Juan, Puerto Rico. The Federal Energy Regulatory Commission (FERC) recently dinged the company, asking for an explanation as to why they built it without FERC permission (see
The devious minds at THE Delaware Riverkeeper are working in overdrive. In an apparent concession that their lawsuits to try and stop the New Fortress Energy LNG liquefaction facility from getting built in Wyalusing (in northeastern PA) by stopping the construction of a new dock New Fortress wants to build on the Delaware River, Riverkeeper is changing strategies. If they can’t stop the facility and they can’t stop construction of the loading dock (in Gibbstown, NJ), Riverkeeper hopes to convince towns between Wyalusing and Gibbstown to pass zoning ordinances forbidding the transport, via truck or rail car, of LNG through their communities.
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The project is called the Goldboro LNG project. Yesterday Pieridae announced the company they had contracted with to build Goldboro, KBR (Kellogg Brown & Root Limited), has notified Pieridae it is pulling out of the contract to build it. Pieridae says it is evaluating its legal options.
Our favorite government agency, the U.S. Energy Information Administration (EIA), issued its monthly Short-Term Energy Outlook (STEO) yesterday. We’re interested mainly in the natural gas numbers. The expert number crunchers at EIA predict the price of Henry Hub traded gas will average $1.93 for all of 2020 (although EIA predicts the price will rise in Q420 to $2.46). The report also says U.S. LNG exports are taking a nosedive this summer. From June through August at least 110 LNG cargoes have been canceled–meaning a decrease in 75% of our LNG exports. That will have a big impact on gas drillers.