Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!
In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Not mentioned in the original announcement was that Buffett’s company would take over the operation of the Cove Point facility…
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“It’s dangerous! It’s a killer! It will flow evil, nasty fracked gas! It’ll explode and kill everyone within a mile, and if it doesn’t explode, emissions from the plant will poison everyone around it anyway!” Those are the faux arguments used by radicals in Weymouth, Massachusetts to smear a compressor station built by Enbridge. All of those arguments have just magically disappeared. The price tag to make it happen? Enbridge will pay $10 million now, and $28 million later, for a grand total of $38 million.
The New Jersey Highlands Water Protection and Planning Council (“Highlands Council”) is a regional planning agency that works in partnership with municipalities and counties in the Highlands Region to help them implement the state’s 2004 Highlands Water Protection and Planning Act (the Highlands Act). The Highlands Council has just given its blessing for a Tennesee Gas Pipeline (TGP) compressor station in Passaic County, NJ, near the border with Westchester, NY.
While Gulfport Energy (big Ohio Utica driller) hasn’t officially filed for bankruptcy, it’s certainly a possibility (see
The bad blood between Energy Transfer (ET) and the Pennsylvania Dept. of Environmental Protection (DEP) continues. ET’s Sunoco Pipeline subsidiary is desperately trying to complete the Mariner East 2X pipeline from eastern Ohio through to Marcus Hook near Philadelphia. A recent drilling mud spill in Marsh Creek State Park prompted the DEP to demand Sunoco change the route for ME2X (which was less than 60 days from being done) to a new route around the State Park (see
Anti-fossil fuel nutters believe they have an opening to try and bully the Federal Energy Regulatory Commission (FERC) into de-certifying a fully permitted and ready-to-start compressor station in Weymouth, Massachusetts because of an “emergency” release of a few puffs of natural gas during final testing of the facility.
Energy Transfer (Sunoco Pipeline) is pushing back against a demand by the Pennsylvania Dept. of Environmental Protection (DEP) that the company’s Mariner East 2X pipeline project be rerouted around Marsh Creek State Park (in Chester County, PA) following a drilling mud spill in August. Sunoco has asked the PA Environmental Hearing Board, a special court created to hear appeals of DEP decisions, to override the DEP’s demand to reroute ME2X.
This would be funny if it weren’t so darned sad. In Lansing, NY, just outside of Planet Ithaca in Tompkins County, the local utility (NYSEG) wanted to build a short pipeline in 2017 to supply new customers with natural gas, but was blocked by crazies who irrationally hate fossil fuels (see
Once again the Mariner East 2 pipeline project is up Snitz Creek…without a paddle? There have been a number of “inadvertent returns” or mud spills in Snitz Creek, place where drilling mud is used to grease a drill bit for drilling holes under the creek. Mud has popped up where it’s not supposed to. Some of the mud spills have been, literally, just a couple of gallons. NOTHING. A recent spill on Oct. 19 was for 200 gallons.
Radicalized leftists from environmental groups like the Environmental Defense Fund (EDF) are no longer content to try and prevent the construction of new natural gas pipelines, they now seek to shut down already-built and flowing pipelines. Case in point: A year ago the Spire STL pipeline came online flowing Marcellus/Utica molecules to the St. Louis area (see
Anti-fossil fuelers are predictable and their motives transparent. A movement anti in Chester County (liberal, far-left Democrat) wanted to expose confidential safety information about the Mariner East 2 (ME2) pipeline public. Specifically, he wanted to reveal “blast radius” information in hopes of inflaming opposition against the pipeline in his near-religious effort to get the pipeline permanently shut down. It’s a holy war for these people. Zealotry.
Enough! How many times do we have to put up with Obama/Clinton liberal Democrat judges from the U.S. Court of Appeals for the Fourth Circuit blocking the legal and legitimate construction of Mountain Valley Pipeline (MVP)–a project which is 92% in the ground and done! Last Friday the clowns did it again for the umpteenth time–slapping a “temporary” order blocking construction because the anti-America, Russia-backed Sierra Club filed yet another frivolous lawsuit against the project.
Even if and when Mountain Valley Pipeline (MVP) gets completed and goes online, flowing Marcellus/Utica gas to the southern U.S., it still will not be enough to significantly lift the price of natgas for M-U drillers. That’s according to an analysis by the experts at S&P Global Platts.