Deal to Purchase Site for Nova Scotia LNG Plant Advances Quickly
One month ago MDN brought you the news that Liquefied Natural Gas Limited (LNGL) was in the process of purchasing a 255-acre site in Nova Scotia, Canada from Anadarko Petroleum to be used as an LNG export facility (see New LNG Plant in Nova Scotia Will Use Marcellus Gas). The reason that’s news for MDN is because some of the gas that will feed the facility is slated to be Marcellus Shale gas, piped up to Nova Scotia. Today LNGL announced the purchase of what they call the Bear Head LNG site is now complete, ahead of schedule. LNGL paid a drop in the bucket–$11 million–for the site. If they move forward with building an LNG export facility, they’ll invest something like $2.2 billion…
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Would it surprise you to learn that there are now six potential liquefied natural gas (LNG) projects on the books or under serious consideration for the East Coast that aim to use at least some Marcellus Shale gas for export? Would it astound you (as it did us) that five of the six are Canadian and not U.S. projects? And would it further astound you (although it did not surprise us) that the reason five of the six are in Canada is because of the extreme regulatory delays in getting such projects authorized in the U.S. intentionally thrown up by the Obama administration? Below is a list of all six East Coast LNG export projects that are being talked about, plus Gulf Coast and other LNG plants we’re aware of that will be fed, in part, with Marcellus Shale gas…
Two “independent” administrative law judges for the Pennsylvania Public Utility Commission have dealt what could be a major blow to Sunoco Logistics’ request to have the Mariner East NGL (natural gas liquids) pipeline declared a public utility. The two judges–David Salapa and Elizabeth Barnes–handed down a decision yesterday that denies Sunoco’s request to have 18 pump and 17 value stations (in 31 locations) that would need to be built along the 300+ mile pipeline exempt from local zoning ordinances. If the pipeline is considered a public utility it would be exempt from local ordinances. Without that exemption, Sunoco Logistics faces a nearly impossible task of trying to gain permission to build the necessary new stations. Below is a copy of the decision, and MDN’s background on this important pipeline project, along with a “where do we go from here” analysis…
New condensate processing is on the way later this year from Ergon, Inc.–a company headquartered in Mississippi but with refineries and processing facilities in Ohio and West Virginia (and operations that include western Pennsylvania, Kentucky and New York). Ergon announced yesterday the company has spent over $75 million in the past two years to upgrade facilities, and continues to spend. Coming later this year is a 10,000 barrel per day condensate stabilization facility in Marietta, OH. Coming next year, the same kind of facility (also 10,000 bbl/d) in Newell, WV…
Is Aubrey McClendon getting the band back together again? That is, is he re-creating Chesapeake Energy under the name of American Energy Partners? Perhaps! Yesterday McClendon’s AEP announced that AEP and their major backer Energy & Minerals Group (EMG) are forming a midstream subsidiary called American Energy – Midstream which will invest in pipelines and processing plants in those regions where AEP has active drilling operations–namely the Utica and Marcellus Shale…