Thigpen & Blue Roads Merging to Form Sapphire Gas Virtual Pipe Co
This is one of those “follow the bouncing ball” stories with lots of names. Bear with us because there is a connection to the Marcellus/Utica region. BP Energy Partners, a private equity firm based in Dallas, TX, invests in (and ultimately controls) a number of companies. Two of their portfolio companies are Thigpen Solutions and Blue Roads Solutions, both virtual pipeline companies delivering CNG and LNG to different types of customers. BP is merging the two into one company and renaming it Sapphire Gas Solutions.
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National Grid, a huge utility company that supplies natural gas to all of Long Island, including two New York City boroughs (Queens and Brooklyn) has both a short-term and long-term gas supply problem. Corrupt Gov. Andrew Cuomo single-handedly decided to deny National Grid new natural gas supplies via a new pipeline (see 
As we have been saying for some time, LNG exports from the U.S. are low and staying low for at least a few more months (see 
New Fortress Energy, which likes to build and own as much of the LNG supply chain as possible, has built and recently finished an LNG import terminal in San Juan, Puerto Rico. Just one teeny, tiny problem: New Fortress didn’t get permission from the Federal Energy Regulatory Commission (FERC) before building it. Puerto Rico is a U.S. territory and subject to U.S. laws and regulations, including the regulation that requires FERC approval *before* building such a facility. Luuuucy, you have some ‘splainin to do!
In April 2019 President Trump issued an Executive Order directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see 
The ne’er-do-wells from Big Green groups including THE Delaware Riverkeeper, Sierra Club, Food & Water Watch and a mish-mash of other loudmouths are attempting to bully the Delaware River Basin Commission (DRBC) into overturning their previous decision to allow a simple ship dock to get built along the shore of the Delaware River in New Jersey so ships can load LNG already liquefied and waiting. Given the DRBC’s weak leadership, we wonder if the DRBC will (again) cave to the demands of the radicals.
In early May MDN reported Elba Island LNG, a Marcellus Shale gas export facility located near Savannah, Georgia, was in the process of firing up train #8 of the 10 mini-trains being built (see 
Two weeks ago MDN told you that PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a second buyer for the Magnolia LNG export project for $2 million (see 
The world of LNG is sometimes a strange world for us. NGI (Natural Gas Intelligence) is reporting an LNG cargo ship loaded with LNG from Nigeria is steaming toward North America. LNG cargoes are notorious for changing routes at the last minute, given the wheeling and dealing that takes place between buyers and sellers. However, the latest intel has the Nigerian LNG cargo heading for…Elba Island, Georgia? That’s right. An imported load of LNG coming to an LNG export facility. Why?
Feedgas, which is the gas that flows to LNG export facilities, hit the lowest levels it has seen since last October according to the U.S. Energy Information Administration. As we pointed out two weeks ago, natural gas prices are staying low because worldwide demand and prices for LNG is currently low (see 
Two weeks ago MDN brought you the news that consulting powerhouse PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a buyer for the Magnolia LNG export project for $2.25 million (see 
It’s kind of a mystery. The supply of natural gas produced in the U.S. has been declining over the past few months. Oil drillers are laying down rigs (historic lows for rigs in the oil patch), and companies are shutting in oil wells–all of which means there’s less associated natural gas being produced. M-U drillers like EQT (the largest natgas producer in the U.S.) are curtailing huge quantities of their production (see