Anti-Drilling/Fossil Fuel | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy
Trenton, NJ Fooled into Voting Against LNG Dock on Dela. River
The odious leftists from the so-called Food & Water Watch (Big Green group, funded with foreign money) continue to pressure, cajole, woo, and hoodwink local municipalities in New Jersey to oppose building a new dock on the Delaware River–a dock that would allow LNG cargo carriers to come alongside and load up with yummy, safe, clean-burning LNG. The latest victim of FWW’s lies is Trenton, New Jersey.
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The NYMEX “front month” futures contract for natural gas traded on the Henry Hub benchmark has crashed over the past three days, down more than 90 cents, closing at $4.26/MMBtu yesterday. Why? Because weather models predict relatively warm weather in the weeks ahead. Weather trumps all other factors in the price of natural gas. Which exposes the intentional lie (or stupidity, take your pick) of people like U.S. Senator Elizabeth Warren who are spreading the false narrative that LNG exports are the cause of high natural gas prices here at home (see 
Earlier this week MDN told you about a nastygram written by U.S. Senator Elizabeth “Pocahontas” Warren (see 
The environmental radicals on the left continue their push to defeat the construction of an $800 million liquefaction plant in Wyalusing (Bradford County), PA, meant to liquefy and ship LNG to a planned facility on the Delaware River, for exporting to other countries. The left’s latest ploy? Antis are proclaiming a special permit issued during the Trump administration that allows LNG from the Wyalusing plant to be shipped via special rail cars is about to expire at the end of this month and almost certainly won’t get renewed. In addition, antis have stirred up some of the liberal locals near the port facility where the LNG would get safely loaded onto ships. It is a continuing, coordinated two-pronged attack against the project.
The so-called International Group of LNG Importers (GIIGNL) yesterday released a framework for transparent emissions reporting and neutrality declarations. The GIIGNL, whose members handle more than 90% of LNG imports worldwide, doesn’t like the patchwork system in place now where companies can on their own claim net-zero carbon emissions for their LNG. So GIIGNL is horning in and claiming *theirs* is the best way to measure low or no “greenhouse gas” emissions. GIIGNL demands Scope 3 emissions be included in the definition of net-zero carbon LNG, something that isn’t a part of most net-zero claims today.
As Joe Biden and his inept White House cast about for someone or something to blame for his policies that are causing a spike in energy prices here in the U.S., one of the potential targets is LNG exports. Some lefties in Washington are making noises that if we limit or even cancel LNG exports, that would bring down natural gas prices here at home. According to the Executive Director of the Center for LNG (CLNG), that’s just not true.
Whew, it’s now reopened for business. It’s been 21 days since Warren Buffett’s Cove Point LNG export facility closed all the way down for annual maintenance (see 
Joe Biden is completely inept. Everyone can see it, whether they publicly admit it or not. He’s blown it. For any given decision he’s made, he’s made the wrong decision 100% of the time. Yesterday we told you about Biden’s preference for OPEC oil over American oil (see 
EQT CEO Toby Rice laid the blame for the developing world energy crisis, particularly Europe’s lack of access to natural gas, at the feet of radical environmentalists. If not for the radicals and their constant frivolous lawsuits blocking pipelines and LNG export facilities, such infrastructure would already have been built and would be providing abundant, cheap, clean-burning Marcellus/Utica natural gas to other regions of the U.S. and to Europe.
Remember back in May 2019 (the good old days, prior to hyperinflation, gasoline prices through the roof, electric and natgas prices through the roof) when Rick Perry (an actual, thinking adult) was Secretary of Energy and he and others at DOE referred to LNG exports as “molecules of U.S. freedom”? The Democrat media (i.e. mainstream media) went berserk. The arrogant “reporters” at the New York Times, Washington Post, Slate, NBC, CBS, ABC, et al ad nauseum pilloried and guffawed and maligned and ridiculed Perry and DOE for referring to U.S. LNG exports as “freedom gas” and “molecules of freedom” (
Comrade Joe Biden has painted himself into a corner. As Biden entered office, the United States of America was, after more than 50 years, energy independent. Upon seizing power, Biden canceled the Keystone XL pipeline from Canada and illegally banned federal oil and gas leasing. Now we have an oil and gas shortage and Biden is begging OPEC+ to increase production. What a dunce. This is how inept socialists are. So what can Biden do to get himself out of the corner he’s painted himself (and us) into?
Prices for natural gas along the U.S. Gulf Coast may not, on the surface, have much to do with the Marcellus/Utica–but they do. The price gas is selling for along the Gulf Coast is important because M-U molecules flow to that region to feed petrochemical plants and (more importantly) LNG export facilities. S&P is reporting even though there’s been a big storage build along the Gulf Coast for natural gas, prices remain extremely high in the region. Why? LNG exports…