McKinsey: Marcellus Production Will Grow 6% per Year Thru 2030
Powerhouse consulting firm McKinsey & Co. recently released the “North American gas outlook to 2030” report (summary below) with some interesting findings. Among them: Natural gas production in the Marcellus/Utica will rise an average of 6% per year from now until 2030 (next 11 years). And because of the huge supply of gas coming from M-U and the Permian, the price of natural gas will average $2.75 per thousand cubic feet (Mcf) for the long-term, perhaps even a bit lower than $2.75. That’s certainly unwelcome news–but we have to know what we’re dealing with to know how to meet the challenges ahead.
Read More “McKinsey: Marcellus Production Will Grow 6% per Year Thru 2030”
A recent article by the American Enterprise Institute tackles the issue of how the Jones Act is keeping Puerto Ricans from fully recovering from Hurricane Maria, which happened in 2017. Puerto Rico is U.S. territory, subject to U.S. laws. One of those laws is the 1920 Jones Act, which makes it illegal to ship anything from one U.S. port to another U.S. port if the ship was not made here in the U.S. and crewed by Americans (under a U.S. “flag”). Since there are zero LNG carriers manufactured in the U.S.–that means Puerto Rico can’t receive U.S. LNG (in particular Marcellus LNG) to help in its recovery. What a travesty.
The Cameron LNG project in Lake Charles, La. is ready to begin service and asked the Federal Energy Regulatory Commission (FERC) yesterday to allow it to fire up and begin service by this Friday. What’s that? Why is this news for MDN readers? Because Marcellus/Utica gas flows to that facility!
As we have and continue to cover, there is an exciting development happening in northeastern Pennsylvania. New Fortress Energy has begun to clear the site where they will build an LNG liquefaction plant in Wyalusing (see 
A newspaper in the Philippines is reporting that New Fortress Energy, the company currently building one (rumored to be two) liquefied natural gas (LNG) liquefaction plants in the northeastern Pennsylvania Marcellus, has approached the Philippines Department of Energy (DoE) about building an onshore LNG import terminal that would be integrated with a gas-fired power plant.
In May 2018, Liberty Utilities, a New Hampshire company, announced a new pipeline project called Granite Bridge–27 miles of new natural gas pipeline to be buried along Route 101 from Stratham to Manchester (see 
Kinder Morgan (KM), perhaps the largest pipeline company in the United States, was first out of the chute yesterday with a financial and operational update for the second quarter. While KM maintains a number of pipelines in the northeast, primarily the Tennessee Gas Pipeline, our main focus in reviewing yesterday’s update is for new information about the long-delayed Elba Island LNG export facility along the coast of Georgia. Elba Island will export Marcellus/Utica molecules.
Speaking of New Fortress Energy and their planned northeast Pennsylvania LNG liquefaction facility (see today’s story, Work Begins to Clear Site for NEPA Landlocked LNG Export Plant), in addition to chilling natural gas into LNG, you also need a way to load it onto ships and move it to other markets. New Fortress plans to build a $96 million, 1,600-foot-long pier on the New Jersey side of the Delaware River at the former DuPont dynamite factory site to dock and load two ships at a time.
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The project is called the Goldboro LNG project. Nearly a year ago we told you that Pieridae had purchased a small natural gas producer in Western Canada to help provide supplies of gas to the East Coast plant (see 
