GAIL (India) Shopping for Buyers of 3 Cove Point LNG Cargoes
Pssst. Hey buddy. Ya wanna buy an LNG cargo. Or three? Dominion’s Cove Point LNG export facility along the coast of Maryland liquefies and exports Marcellus Shale gas. Dominion has two customers who buy all of the LNG the facility can produce: Japan and India. GAIL, formerly known as Gas Authority of India Ltd., is looking to sell three upcoming LNG cargoes instead of shipping them all the way to India.
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Anti-fossil fuelers are on a holy mission to stop a 3.37-mile, 8-inch pipeline from being built under the Potomac River by Columbia Gas (see
Eastern Shore Natural Gas Company (ESNG), a subsidiary company of Chesapeake Utilities Corporation (a company
TC Energy’s Columbia Gas Transmission subsidiary has not given up on building a 3.37-mile, 8-inch pipeline under the Potomac River. The pipeline, from Maryland on one side of the river to West Virginia on the other side, will be built to feed a larger pipeline project from Mountaineer Gas called the Eastern Panhandle Expansion. The crazy anti-fossil fuel loons who run Maryland are trying to block the project. Columbia is asking the Federal Energy Regulatory Commission (FERC) for more time to get it built because of Maryland’s interference.
Anti-fossil fuelers are on a holy mission to stop a 3.37-mile, 8-inch pipeline from being built under the Potomac River by Columbia Gas (see
Last Friday MDN told you about an initiative in Arizona and five other states to block the right of local municipalities from banning natural gas appliances and natural gas heat from homes and businesses (see
Last April President Trump issued an Executive Order directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see 
Yesterday Dominion Energy announced it has sold a 25% stake in the completed Cove Point, Maryland LNG export facility to Brookfield Asset Management for a cool $2 billion. Dominion completed the $4.1 billion facility in 2018. The share just sold to Brookfield values the facility at $8.22 billion. Holy smokes! Nice play–to double the value of your investment in not much more than a year after completing it. What will Dominion do with all that cash?
In May, Columbia Gas Transmission was forced to haul the State of Maryland into court over the state’s refusal to grant an easement to drill a tiny 3.5-mile pipeline under the Potomac River (see
Global warming fundamentalists (our new term for radical environmentalists who irrationally hate all fossil fuels) are ramping up to oppose a plan to prevent a now-closed coal-fired electric power plant in Baltimore from reopening powered by natural gas. Because you know, global warming. And because we MUST dump the use of all fossil fuels by 2050 (the new “it” date) or earth will explode. This plant would have a useful life much longer than 2050. Can’t have that.
Ann Bristow, Professor Emeritus at Frostburg State University and resident of Garrett County, is once again trying to foment irrational fear of the fossil fuel industry. Bristow was one of the “experts” that kept fracking out of Garrett County (one of two Maryland counties with commercial shale deposits), harming its citizens economically. Now she’s trying to whip up opposition to a regional ethane storage hub that won’t even be located in Maryland.