CNG/LNG | Dominion Energy | Energy Services | Exporting | Industrywide Issues | Maryland | Regulation | Statewide MD
DOE Approves Cove Point, Six Other Plants to Export LNG Thru 2050
Last week the U.S. Dept. of Energy announced it has extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050. One of the facilities receiving an extension is the Cove Point LNG export facility in Maryland, a facility that exports 100% Marcellus molecules.
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The price of natural gas trading at the Henry Hub terminal in southern Louisiana, the national benchmark price used for NYMEX futures contracts, has been on a rocket ship ride up over the past two days. Two days ago the price added $0.12 in a single day (see 
There is a battle underway by Big Green groups in Pennsylvania to unduly influence, pressure, and bully a quasi-governmental agency, the Delaware River Basin Commission (DRBC), into overturning a legally permitted LNG export facility planned for the New Jersey shore of the Delaware River by New Fortress Energy (NFE).
We think we’ve spotted a potential new export market for northeastern Pennsylvania natural gas. New Fortress Energy (NFE) issued a joint announcement yesterday with the Philippine National Oil Company (PNOC) to say NFE will build LNG infrastructure and new gas-fired power plants in The Philippines. The two signed a “memorandum of understanding” (MOU).
Over the years we’ve written about pipeline systems being built or expanded and upgraded to carry Marcellus/Utica natural gas to other regions, including as far away as the Gulf Coast, where the gas either gets used in petrochemical plants or (more commonly nowadays), gets exported as LNG. We now have some estimates for just how much of the 33+ Bcf/d (billion cubic feet per day) of our gas goes to the Gulf Coast.
In September MDN told you that Cove Point LNG had gone offline for roughly three weeks for its annual plant maintenance routine (see 
In September, the new owner of Magnolia LNG, investment firm Glenfarne Group, along with Kinder Morgan (which plans to build a pipeline to the Magnolia facility), asked the Federal Energy Regulatory Commission (FERC) to extend the time to build the project (see 
Pieridae Energy’s Goldboro LNG project, located in Nova Scotia (with the potential to export Marcellus/Utica molecules) has been on our radar for years. In August Pieridae hired a senior VP to run the project (see 
In the first half of 2020, the U.S. exported 5.4 million barrels per day (bpd) of petroleum products, a slight increase of 48,000 bpd (1%) from the first half of 2019. Wait, what? Exports went UP and not down? Even though the entire world shut down and used far less fossil fuels during 1H? That’s right. The reason we exported slightly more petroleum products is because NGLs (natural gas liquids) are part of those numbers, and the world kept using NGLs, like propane and ethane, even during the COVID shutdown.
It’s that time of year again. Each fall Dominion Energy takes the Cove Point LNG export terminal offline for annual maintenance work. Every time it happens, the plant is offline for roughly three weeks. We expect the same this year.
Antis continue their public relations push to try and block a northeastern PA LNG liquefaction plant in Wyalusing, PA planned by New Fortress Energy (NFE), by claiming the LNG that will be shipped from the plant to the Philadelphia area, via trucks and rail, will be rolling “bombs on wheels.” However, an article in the Philadelphia Inquirer debunks those lies.
Liquefied natural gas (LNG) exports from the U.S. came from literally zero in early 2016 to a total theoretical capacity today of 8.9 billion cubic feet per day (Bcf/d). The first three months of this year saw U.S. LNG exports average 7.9 Bcf/d–almost full capacity! Since then, our LNG exports have gone over a metaphorical cliff. In June, U.S. LNG exports averaged 3.6 Bcf/d. The turning point came in April.