Energy Pick Chris Wright Vows to “Unleash” LNG & Nuclear at Hearing
Yesterday, the U.S. Senate Energy and Natural Resources Committee held a hearing to grill Chris Wright, CEO of fracking company Liberty Energy, and Donald Trump’s pick to head the Department of Energy. By all accounts of the coverage we’ve read, Wright (like Trump’s other picks) hit the ball out of the park. He began his prepared remarks with the statement that his first task/goal is to “unleash American energy at home and abroad to restore energy dominance.” The way to do that? “We must expand energy production, including commercial nuclear and liquified natural gas, and cut the cost of energy.” How refreshing to hear such common sense coming from someone who would lead our nation’s energy strategy! Read More “Energy Pick Chris Wright Vows to “Unleash” LNG & Nuclear at Hearing”
Two days ago, the U.S. Energy Information Administration (EIA) released its latest monthly Short-Term Energy Outlook (STEO), which we reported on yesterday (see 
The federal Environmental Protection Agency (EPA) announced yesterday that it had issued an oil and gas wastewater injection well permit to Seneca Resources to continue operating well #38268 in Highland Township, Elk County. The EPA permit allows Seneca to inject up to 75,000 barrels monthly (3.125 million gallons). This well is one of two injection wells Seneca operates at that location. It was a long road for Seneca to get these two wells online, and a welcomed development that the EPA is extending the well’s operating permit. 
LNG exports have become an important (even critical) part of the natural gas sector in the U.S. Feedgas flowing to LNG facilities is closely watched by many people, including traders and industry analysts. As we pointed out yesterday, lower feedgas flows to a single LNG facility can lower the NYMEX natural gas futures price (see 
Maryland is a sad state. It’s completely ruled by leftists who seek to impoverish its residents by forcing them to use expensive and unreliable renewable energy. There is actually some Marcellus/Utica shale under Maryland (in a couple of far-western counties), but the state outlawed shale fracking nearly 10 years ago when then-Gov. Larry Hogan (a RINO and Trump-hater) allowed a Maryland bill to become law that bans fracking in the state (see 
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook yesterday, the agency’s monthly best guess about where energy prices and production will go in the next 12 months. The EIA number crunchers are making the bold prediction that dry gas production will hit new record highs in 2024 and 2025. The EIA also predicts domestic gas consumption, which hit a record high in 2024, will hit a new record high in 2025 (although it will slip again in 2026). 
Nothing the Bidenistas do on their way out of power surprises us. The day after Christmas, when nobody was looking, the Bidenistas at the Department of Energy (DOE) published final “climate” regulations that ban most tankless natural gas water heaters. One industry analysis estimates that consumers will pay $450 more on average when purchasing new water heaters, thanks to the regulations. The DOE didn’t issue a press release or announcement or in any way announce the change. The sleazeballs tried to hide it. 
We can’t stop giggling. Last Friday, MDN brought you the news that the world’s largest investment firm, BlackRock, announced it had canceled its membership and participation in the Net Zero Asset Managers (NZAM) initiative (see 
We have news about a disturbing ruling from the Pennsylvania Public Utilities Commission (PUC) issued last Wednesday. By a vote of 3-2 along party lines (Democrats in the majority), the PUC commissioners labeled landlords as “pipeline operators” if they have behind-the-meter gas distribution systems on their properties. The move will require, with limited exceptions, landlords throughout the commonwealth — regardless of size — to comply with federal gas pipeline safety laws, including the regulations of the federal Pipeline Safety and Hazardous Materials Administration (PSHMA), in the same manner as natural gas distribution companies and gas pipeline operators. It’s completely bonkers. 
CNX Resources announced in December that it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see 
Faced with the possibility of blackouts, Connecticut’s Democrat Governor, Ned Lamont, wants to keep his nuclear and gas-fired power plants. But Lamont isn’t interested in building more pipelines or new gas-fired plants. That’s a bridge too far for Lamont. He’s happy to allow the residents of Connecticut to continue paying some of (perhaps THE) highest electric rates in the country because, you know, global warming. Connecticut is heading over the renewables cliff into economic oblivion. Paying sky-high prices is A.O.K. for Lamont, but blackouts are not. Hence, his statements in last week’s State of the State speech were about keeping the nukes and gas the state already operates. 
Based on comments in two different Reuters articles published yesterday, the Freeport LNG export facility is again experiencing an outage. It appears to be a partial outage. Freeport, in typical tight-lipped fashion, refuses to say anything. According to Reuters, flows to the 2.1 billion cubic feet per day (Bcf/d) Freeport facility were on track to drop to 1.4 Bcf/d yesterday, down from 1.6 Bcf/d on Sunday and an average of 2.1 Bcf/d over the prior seven days. Here we go again. 
The U.S. LNG industry and natural gas pipeline operators expect the incoming Trump Administration to launch a new wave of capacity expansions that would cement America’s position as the world’s largest LNG exporter. President-elect Donald Trump is preparing an energy package to expand domestic oil and gas drilling on federal lands and offshore lease sales, in addition to expediting LNG export permits. You can expect Trump to unpause Biden’s pause on new LNG export approvals, likely on his first day in office. 
Venture Global, which uses loopholes and excuses to avoid selling LNG cargoes to the companies that signed contracts to buy those cargoes, is about to launch an initial public offering (IPO). According to Reuters, Venture Global will pitch investors in its IPO this week. The company hopes to raise $2.3 billion, which values the company at $110 billion.