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.
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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.
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.
Yesterday, over the shrill objections of THE Delaware Riverkeeper, the Delaware River Basin Commission (DRBC) approved a plan put forth by New Fortress Energy to build a $96 million 1,600-foot-long pier on the New Jersey side of the Delaware River at the former DuPoint dynamite factory site. The purpose of the pier? To dock and load two ships at a time–loading them with either LNG (liquefied natural gas) and/or NGLs (natural gas liquids, like propane, butane and ethane).
Attendees at the LDC Gas Forum Northeast conference in Boston heard from speakers on Monday who said supplying natural gas for LNG export operations is creating “a large opportunity for Northeast producers and midstream operators,” but those producers and operators need to be “more aggressive in pushing back against opponents” of their projects.
A few weeks ago MDN brought you the news that THE Delaware Riverkeeper had finally (months after everyone else knew) woke up to the fact that New Fortress Energy is planning to build an LNG loading facility on the banks of the Delaware River, on the New Jersey side, near Philadelphia (see 
Something is not going well at Elba Island in Georgia. Kinder Morgan has left a string of broken promises about the date for which the first Elba Island LNG export plant “mini-train” will begin producing and shipping LNG. We’ve chronicled the journey extensively.
New Fortress Energy is expanding into the LNG space like gangbusters. We brought you a story about New Fortress’ billionaire co-founder just yesterday (see 
Maya van Rossum, who fancies herself as THE Delaware Riverkeeper, has her knickers in a twist. She’s just woken up to the fact that New Fortress Energy, which is building an LNG liquefying plant in northeastern Pennsylvania (see 
During a President Trump trade trip to China in November 2017, Chinese officials signed an informal (non-binding) agreement to invest a whopping $83.7 billion in shale and petrochemical projects located in West Virginia (see