Trump Trade Deal Lifts Ethane Export Ban to China; Cargo to India
MDN recently brought you the news that the Trump U.S. Bureau of Industry and Security (BIS) was blocking at least three (possibly more) cargoes of ethane by rejecting permits to export to Enterprise Products Partners (see U.S. Denies Permit for Enterprise to Export Ethane Cargoes to China). Ethane is a raw feedstock used to create plastics. Denying China access to our ethane will hurt the Chinese economy. We later reported that it appears the export ban to China was just a bargaining position and was unlikely to remain in place (see Trump Using Ethane Exports to China as Bargaining Chip in Trade War). That observation was prescient. On June 10, U.S. and Chinese negotiators reached a tentative framework that removed the export ban. Read More “Trump Trade Deal Lifts Ethane Export Ban to China; Cargo to India”
MARCELLUS/UTICA REGION: Trump to headline PA energy and AI summit at Carnegie Mellon next month; Amazon wants to install 72 diesel generators in Bucks County, PA; OTHER U.S. REGIONS: Trump overturns California phaseout of fossil fuel cars; NATIONAL: NRG expects to line up new US data center deals this quarter; U.S. natural gas storage capacity increased in 2024; U.S. natural gas storage improves, but long-term challenges remain; INTERNATIONAL: Oil spikes as Israel’s attacks on Iran stoke fears of wider war; European gas prices rise on Middle East supply risks. 
For the week of Jun 2 – 8, the number of permits issued to drill new wells in the Marcellus/Utica fell from the previous week. There were 21 new permits issued across the three M-U states last week, down 14 from 35 issued two weeks ago. The Keystone State (PA) issued 11—half—of the new permits. Seneca Resources scored six permits for a single pad in Tioga County. EQT (under the name Rice Drilling) received four permits for two pads in Greene County. Sabre Energy received a single permit in Sullivan County. 
During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules. Those molecules will flow on the Mountain Valley Pipeline (MVP) beginning in 2027 (see 
In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see 
In October of last year, MDN told you that both EQT Corporation and Tenaska are “dipping their toes” in the carbon capture and sequestration (CCS) space (see 
Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see 
Pennsylvania’s U.S. Senators, Dave McCormick, R-Pittsburgh, and John Fetterman, D-Braddock, have introduced Senate Bill 2044, which would move the federal Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) to Pittsburgh. It’s not an insignificant move. The DOE FECM employs approximately 750 federal employees, including scientists, engineers, technicians, and administrative staff. The federal government already employs around 20,000 people in the Pittsburgh region. This would add to that number. 
The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities recently issued a report reviewing how the country’s Bulk-Power System performed well during successive cold weather events in January 2025. The report found that the system was a stellar performer, with no significant issues in either the natural gas or electric systems. The 303-mile Mountain Valley Pipeline (MVP) was called out for its “crucial role” in helping to keep the lights on throughout the Atlantic Coast region during the coldest parts of winter. 
According to a former New Jersey Board of Public Utilities commissioner who was first appointed by Republican Gov. Chris Christie and later reappointed by Democrat Gov. Phil Murphy, New Jersey’s energy policy has “gone off the rails” due to the lack of fact-based planning. The former commissioner, Mary-Anna Holden, should know. She’s someone with a front-row seat to the state’s energy operations. In an op-ed, Holden says ratepayers in the Garden State are paying sky-high electricity prices due to an over-reliance on intermittent (unreliable) renewable energy sources, including solar and wind. 
The Japanese certainly want to stay on the good side of Donald Trump regarding trade. Yesterday, JERA Co., Inc., Japan’s largest power generation company, joined U.S. Secretary of the Interior Doug Burgum and Energy Secretary Chris Wright (the Chair and Vice Chair of the National Energy Dominance Council, respectively), along with Shigeo Yamada, Ambassador of Japan to the United States, to announce that the company has finalized several 20-year agreements to procure up to 5.5 million tonnes per year (MTPA) of LNG from the United States. 
Even though gas-fired power is the #1 source of electric power generation in the U.S., almost no new combined-cycle gas-fired power plants came online in the U.S. in 2024. That’s about to change. The U.S. Energy Information Administration (EIA) reports that 4.3 gigawatts (GW) of new gas-fired power is currently under construction, and developers have announced plans to add 18.7 GW of combined-cycle capacity to the grid by 2028. However, gas-fired power still trails unreliable renewables in planned power additions, illustrating the power of mass brainwashing of the public.