BP Energy Outlook 2019 – US LNG Front and Center
UK oil and gas giant BP recently released its 2019 edition of their BP Energy Outlook. As they do each year, BP predicts renewable energy sources will continue to grow. However, the inescapable conclusion you get from this latest report is that LNG (liquefied natural gas) will play a staring role in the energy picture over the next 20 years. Not only that, but LNG coming from the U.S. is will receive the best actor award.
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Last week ExxonMobil and Qatar Petroleum announced a final investment decision (FID) to build Golden Pass LNG terminal, on the Texas side of the Sabine-Neches Waterway. That’s a stone’s throw from Cheneire Energy’s Sabine Pass LNG terminal on the Louisiana side of the waterway. Marcellus/Utica gas flows to the Cheniere facility. Will it also flow to Exxon’s when it’s built?
The following story highlights what should be, in our opinion, a crime: Foreign liquefied natural gas (LNG), in record amounts, is coming to Boston and being offloaded into the Algonquin Gas Transmission pipeline in order to meet the high demand of New Englanders for gas. In fact, a new record has just been set for the amount of foreign LNG imports flowing for a single day. Maddening.
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The Mi’kmaq (pronounced mic-mac) indigenous peoples of Nova Scotia (i.e. Indians) have never formally surrendered their “ownership” claim of Nova Scotia–a claim long disputed. In order to build and operate the Goldboro LNG export facility, Pieridae has agreed to pay off the Mi’kmaq. Call it “leave us alone” money.
It seems the rather thick-headed governors from New England have finally woken up and understand their resistance to new natural gas pipelines has placed them in a pickle. The region, when it gets really cold (like over the next few days), gets really short on natural gas. Prices soar, supplies diminish, and people not only pay high natgas prices, but high prices for electricity, which gets generated by natgas. The govs have a plan to slap a Band Aid on the problem.
Our friends at NGI (Natural Gas Intelligence) have launched yet another helpful online price tracker. The NGI U.S. LNG Export Tracker keeps tabs on the amount of natural gas flowing into, and out of, six different LNG export facilities that either already are, or soon will be, exporting U.S. LNG.
We’re following up on a post we made last Thursday about a coming moratorium on new customer hookups for natural gas in Westchester and New York City (see 
We’ve been tracking a story since November about a new, smallish (but very important) LNG export plant coming to Bradford County, PA, to Wyalusing (see 
LNG is a big deal. We recently reported that New Fortress Energy (NFE) is planning to build an small LNG (liquefied natural gas) liquefaction plant in Wyalusing (Bradford County), PA in order to export Marcellus gas (see 
LNG (liquefied natural gas) is increasingly a critical part of the natural gas picture here in the U.S.–and in the Marcellus/Utica–as in exports of LNG. This year Dominion Energy’s Cove Point LNG export terminal in Maryland came online, and early next year Kinder Morgan’s Elba Island LNG export facility along the coast of Georgia is due to go online. Not only that, we now see a trend of setting up smaller LNG facilities inland, not situated along the coast, in places like northeastern Pennsylvania (see 
New York State is the biggest loser. In every sense. NG Advantage, which once tried to set up a virtual pipeline operation in the Town of Fenton (suburb of Binghamton, NY), has shaken the dust of New York off its shoes and has, instead, decided to build the facility (with millions in tax revenues and over 100 jobs) 25 miles across the border in Springville Township, Susquehanna County, PA–in the heart of Marcellus country. Good for NG! Nice people, and they deserved much better treatment than they got here in NY. We personally hoped and lobbied for NG to locate in the Town of Windsor, NY, where MDN is located. But alas, the experience they had with the Town of Fenton was so nasty, they decided to abandon any plans of locating a business in NY. Can’t say that we blame them. NY is about the most business unfriendly state in the Union.