Energy Transfer Opens Office in China to Push LNG, Ethane

Energy Transfer issued an exciting announcement yesterday to say they are expanding their presence in China “to meet growing demand for ethane and liquid natural gas products” by opening an ET office in Beijing. It will be ET’s first non-U.S. office–can you believe that?! Although ET doesn’t mention the Marcellus/Utica in the announcement, we think there’s a connection.
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Earlier this month MDN told you that a plan to build a $60 million Marcellus LNG export facility on property owned by Philadelphia Gas Works was just one vote away from becoming reality (see
Does one government hand know what the other is doing in Puerto Rico? More to the point, is there a brain instructing either hand what to do? That’s the question we had as we read the legislature of PR has just passed an idiotic law requiring all electricity generation on the island to come from so-called renewables by 2050.
We spotted a story that says India’s GAIL (formerly known as Gas Authority of India Limited) has put yet another one of its contracted LNG shipments of Marcellus Shale gas coming from Dominion’s Cove Point LNG export facility, up for sale. In fact, it’s already sold and on its way to be unloaded at a port in Belgium.
Two weeks ago the Federal Energy Regulatory Commission (FERC) granted a request to Kinder Morgan to “introduce feed gas, back-up fuel, and BOG fuel” to the first of what will be 10 production units at its Elba Island, Georgia LNG export facility (see
A recent Bloomberg article got it wrong, as they typically do, with this headline: “Biggest Threat to Once-Prized Gas Is Getting Kicked Out of Homes.” Residential natural gas use has been relatively flat, for years. Yet natural gas demand has rocked upward, which begs the question–so who are the new customers using all that gas? MDN friend Jude Clemente has the answer…
We’ve been tracking the story of a coming $800 million LNG export plant that will be built in rural northeastern Pennsylvania (see
Russian native Boris Brevnov (former Enron executive) and his partner Charles Ryan (a Radnor native, once the chief country officer in Moscow for Deutsche Bank), are now one vote away from Philadelphia City Council approving a $60 million Marcellus LNG export facility, to be built on property owned by Philadelphia Gas Works (PGW).
Yesterday the Federal Energy Regulatory Commission (FERC) granted a request to Kinder Morgan to “introduce feed gas, back-up fuel, and BOG fuel” to the first of what will be 10 production units at its Elba Island, Georgia LNG export facility. This is yet another step toward bringing the facility online.
This is wack. Instead of expanding and connecting pipelines to carry Marcellus/Utica natural gas to New England and from there on to the Canadian Maritimes (New Brunswick, Nova Scotia, and Prince Edward Island), some M-U gas now heads there after traveling all the way to Cheniere Energy’s Sabine Pass LNG export facility on the coast of Louisiana.
Earlier this month MDN brought you the news that one of two active LNG export projects in Nova Scotia had agreed to pay (off) an undisclosed amount of money to the The Mi’kmaq (pronounced mic-mac) indigenous peoples of Nova Scotia (i.e. Indians), a payment of which means the Indians will leave them alone so they can build their facility and not face endless lawsuits (see
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.
Ethane exports came from nowhere, dead zero, three years ago and took off like gangbusters until mid-last year, in no small part because of Marcellus/Utica ethane exports coming from the Marcus Hook refinery near Philadelphia. But part of the way through last year those exports began to decline–and not because of lack of ethane flowing through the Mariner East pipelines. Nope. They declined due to lack of demand.