VA Court Rejects Town Zoning Board Attempt to Block Pipeline
A pipeline court case to celebrate (we take our victories where we can find them). Washington Gas Light Company (WGL) seeks to install a 24-inch-diameter high-pressure natural gas pipeline through the Pimmit Hills neighborhood in Fairfax County, Virginia. Fairfax County is a suburb of Washington, D.C. The County Zoning Board of Appeals claimed the project needs a “special exemption” issued by the County Board of Supervisors (nine of the Supervisors are Democrats, one is a Republican). The Court of Appeals for Virginia knocked that bogus claim down. Read More “VA Court Rejects Town Zoning Board Attempt to Block Pipeline”
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) last week. The STEO is the agency’s monthly best guess about where energy prices and production will head in the next 12 months. In this latest assessment, EIA dropped its estimates for the Henry Hub spot price for 2025. The agency expects the HH price to average $3.70 per million British thermal units (MMBtu) in 2025, $0.30 lower than last month’s forecast. EIA also dropped its 2026 forecast, now believing the gas price will average $4.40/MMBtu, down a whopping $0.50 (half a buck!) from last month’s $4.90. You can see why we refer to the dartboard EIA uses each month when creating these forecasts. 
Well, you knew this was coming. Radicalized green groups are gearing up to challenge two recently resurrected Williams pipeline projects: The Constitution Pipeline, a 124-mile, 660 MMcf/d greenfield (brand new) pipeline from the gas fields of northeastern Pennsylvania (in Susquehanna County) into and through New York to Schoharie County; and the Northeast Supply Enhancement (NESE) project, designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets. 
We still marvel, to this day, at how Tallgrass Energy Partners turned what looked like a financial disaster into an economic bonanza. Tallgrass built the Rockies Express (REX) pipeline, which stretches from Colorado and Wyoming to Ohio, just in time for the shale revolution to take hold. Whoops! Talk about bad timing! A significant portion of REX, its Zone 3 pipeline from Missouri to Ohio, was in danger of drying up in 2012 due to the increase in Marcellus/Utica gas production (see 
Yesterday, MDN informed you that CNX Resources is still considering (but not yet 100% committed) to a plan to produce sustainable aviation fuel (SAF) at Pittsburgh International Airport (PIT) using coalbed methane (see 
Another day, another gas-fired power plant has been sold. It’s becoming a routine thing. Yesterday, ArcLight Capital Partners announced that it has entered into definitive agreements to acquire 100% of the economic interests in Middletown Energy Center, a 484 megawatt (MW) natural gas-fired power plant located in Butler County, Ohio. We wrote about the original plan to build the Middletown plant back in 2014 (see 
It took eight years and untold legal fees (on both sides) before a tiny 3.4-mile, 8-inch natural gas pipeline under the Potomac River was finally built and went online. In April 2017, MDN brought you the news that Columbia Pipeline (owned by TransCanada) had applied with the Federal Energy Regulatory Commission (FERC) to build a pipeline under the Potomac to connect natural gas from Pennsylvania to the Mountaineer Gas system in the Eastern Panhandle of West Virginia (see 
The NYMEX “front month” futures contract for natural gas (August contract) slid lower yesterday for a second day in a row. The price dropped 12.6 cents per million British thermal units (MMBtus), or nearly 4%, to $3.214 yesterday. The price was down 19.8 cents (nearly 6%) over the past two days. According to one analyst (whom we trust), this “decisive breakdown” in natural gas puts the $3.10 support level at risk, opening the path to deeper downside targets, including $2.97 and $2.79. Yuck. 
In May, NRG Energy announced a deal to acquire LS Power’s portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast (see 
No wonder Venture Global continues to love the model of signing up customers to buy its LNG via contract (which reassures investors so they give money to build a plant), then denies those contracted customers their shipments FOR YEARS under the pretense that they are still working the kinks out at the facility (called commissioning) while at the same time selling cargoes of LNG on the open/spot market. VG is receiving 2.6 times more money for spot market cargoes compared to cargoes shipped to contracted customers. The question we can’t answer is, why do any new customers sign up, given the company’s history? 
If you’ve read MDN for any length of time, you know that so-called renewable energy, wind and solar, are unreliable and really, really expensive. Most people believe renewables overcome those problems by being good for the environment. No so! Renewables are actually bad for the environment. We will explain… 
Chesapeake Utilities Corporation, not to be confused with the former Chesapeake Energy Corporation (which is now Expand Energy), announced that its Ohio subsidiary, Aspire Energy Express, LLC, has entered into an agreement with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in central Ohio to feed Marcellus/Utica gas to a new fuel-cell facility, which will provide on-site electric power to a data center. The pipeline is expected to cost approximately $10 million to construct. 
Gas-fired power plants, both brand new and existing plants, are hot properties these days. We’ve covered several recent sales of existing gas-fired power plants in the Marcellus/Utica region (and beyond). Here’s another one: investment firm Strategic Value Partners, LLC (SVP) announced yesterday that it’s acquiring Red Oak Power, an 831-megawatt natural gas-fired combined-cycle generation facility located in Sayreville, New Jersey. 
A month ago, MDN published a post predicting that Marcellus/Utica natural gas production is set to grow thanks to new pipeline projects and demand from data centers and LNG exporters (see 
In what appears to be an innocuous, brief press release, DT Midstream (DTM), headquartered in Detroit, which owns significant assets in the Marcellus/Utica region and other regions, including the Haynesville, delivered what we consider big news. DTM has achieved an investment-grade rating with all three major credit rating agencies: Fitch Ratings, Moody’s Ratings, and S&P Global Ratings. While this announcement may seem minor, we can assure you, it’s a big deal.