Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide VA | Statewide WV | Virginia | West Virginia
MVP Asks FERC for More Space at Several Locations as Work Continues
Anti-fossil fuelers and some residents with portions of the 303-mile Mountain Valley Pipeline (MVP) traversing their land are flooding the Federal Energy Regulatory Commission (FERC) with comments asking the agency to delay permission for MVP to be placed into service. The latest in-service date MVP outlined to FERC in a recent request for startup permission is “early June” (see MVP Delays Startup from June 1 to “Early June” – Testing 99% Done). However, even as MVP works to finish, it is still making requests to FERC, indicating “the project is still a work in progress with an expanding scope.” That is, perhaps MVP is not ready to start up just yet.
Read More “MVP Asks FERC for More Space at Several Locations as Work Continues”
On Monday, the socialists of the European Union (EU) adopted into law a new regulation aimed at tracking and reducing methane emissions within the energy sector. The onerous new reg introduces new requirements for measuring, reporting, and verifying methane emissions. The reg mandates operators to measure emissions at the source and submit monitoring reports verified by independent bodies. What does this have to do with the Marcellus/Utica? If drillers want to export LNG to any country that’s part of the EU (many M-U drillers do export LNG to Europe), they will have to comply with these new regs. According to MiQ, an independent methane emissions measurement and certification authority, its certification is the only one that satisfies the EU’s new regulation.
The U.S. Energy Information Administration (EIA) forecasts that the natural gas consumed for electricity generation this summer in the United States will reach near (or match) the record high set last year. In the agency’s May 2024 Short-Term Energy Outlook (STEO), EIA forecasts natural gas consumed to generate electricity will average 44.7 billion cubic feet per day (Bcf/d) in the U.S. during the peak summer months of June through August, matching the record high set in the summer of 2023. Over the past few years, the balance of sources of electricity generation in the United States — especially in the summer — has shifted to more renewables and natural gas and less coal.
According to Bloomberg News, commodities traders are “bracing for a record-smashing summer that will shake up commodities.” Bloomberg falsely states that people around the world “are already living through the havoc brought on by global temperatures that are breaking records.” Bloomberg ominously warns, “It’s about to get a lot worse.” Nothing sells like bad news, even if the bad news is blatantly false. In a hilarious statement in the same article, Bloomberg attributes high inflation under Joementia to global warming. Talk about sleazy and sick. Based on assumptions that Mom Earth will toast this summer, Bloomberg predicts natgas prices will jump by 50% this summer, to $4/MMBtu, because of all the extra electricity required for air conditioning.
In a companion post today, we brought you Bloomberg’s prediction of $4 natgas this summer based on the false premise of wild, scorching heat from man-made global warming. Whatever. This post contains predictions by analysts with J.P. Morgan for the price of natural gas for the rest of this year and into 2025. J.P. Morgan’s predictions are grounded in reality, not wild speculation like Bloomberg’s. J.P. Morgan predicts the Henry Hub price to average $2.88 per million British thermal units (MMBtu) in 2024 and $4.75 per MMBtu in 2025. They break it down quarter by quarter…
NATIONAL: Sherwin-Williams launches erosion-resistant coating system for O&G; The EPA’s emissions rule will strangle AI in the crib; Should energy deniers be engaged or ignored?; INTERNATIONAL: Oil falls despite biggest us stockpile drop in five weeks; COP29 host set to propose levy on fossil fuels to fund climate action.
Yet another out-of-state protester temporarily blocked workers’ access to one of the few Mountain Valley Pipeline (MVP) construction sites remaining in Montgomery County, VA, yesterday morning. She was swiftly removed and arrested. According to Virginia State Police, 25-year-old Elsa Schlensker of Cleveland, Ohio, was taken into custody “without incident” and transported to the Montgomery County Jail, where she was charged with obstructing the free passage of another.
Here’s a sad story that, as far as we can tell, is not directly connected to the Marcellus/Utica. However, it’s a cautionary tale related to the oil and gas industry in Appalachia. Mark Edward Holbrook and his son Marshall Holbrook, both from Kentucky, worked in a family-owned company called Puissant Industries. The company sources natural gas by “drilling wells” and “acquiring gas rights.” We assume, given the small nature of the company, that these are conventional (vertical-only) wells and rights. When the price of gas dropped in 2015/2016, the company and the Holbrooks hit hard times. So, the two compensated by manipulating meters on the gathering pipelines that flowed their gas, making it look as though they were selling more gas than they did. In a word, it was theft — getting paid for something they didn’t provide.
The Pennsylvania Dept. of Environmental Protection (DEP) has extended three temporary air permits for the Shell ethane cracker plant in Monaca, PA, which would have expired at the end of April. The extended permits will suffice until Shell files for and receives what is called a federal Title V Operating Permit for air emissions from the cracker plant. In March, we told you that the DEP had told Shell to file for a Title V permit no later than June 21 of this year or risk being shut down (see 
Earlier this month, MDN brought you the great news that New Fortress Energy’s (NFE) proposed Wyalusing LNG export plant (in Bradford County, PA) and a docking facility in Gibbstown (in New Jersey, along the Delaware River) to load ships with PA-produced LNG, are not dead yet (see 
For more than a decade, MDN has brought you stories about shale development on and under land controlled by the Muskingum Watershed Conservancy District (MWCD), an agency formed in 1933 to help control flooding and promote water conservation in the Muskingum River watershed area of Ohio, an area that covers 8,000 square miles (
Last December, WATT Fuel Cell Corp. signed a seven-year extension of its lease to keep its headquarters in Westmoreland County, PA (see 
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility company in the country. Last May, TVA announced that it would convert the Kingston Fossil Plant (coal-fired plant) in East Tennessee to a natural gas-fired plant capable of generating 1,500 megawatts of electricity (see 
More than 50 “groups” colluding with ringleader Ohio River Valley Institute (ORVI) sent a letter to the Department of Energy (DOE) calling for the suspension of the Appalachian Regional Clean Hydrogen Hub (ARCH2), falsely claiming an “extreme lack of transparency” and lack of “meaningful community engagement” during project negotiations. Translation: The ORVI and its band of fossil fuel bigots are mad because they don’t know exactly where to go to protest each element of the ARCH2 project. They want to bully local municipalities and politicians to block hosting any element of the multi-million-dollar project. How rude of the DOE not to make it easy for the ORVI.
The price of natural gas is, in one sense, complex, with lots of variables depending on where the gas is bought and sold. On the other hand, it can be boiled down to a simple-to-understand formula: Supply and demand. Of course, it is the factors that go into supply and demand that make it so tricky to nail down and predict! Weather and LNG exports are big factors on the demand side. Production and storage are big factors on the supply side. A number of Marcellus/Utica drillers have scaled back on production. In the month of May, according to analysts with S&P, storage levels are “below average” due to more gas being used to keep houses air-conditioned (natgas is used to generate power, leaving less to be stored for next winter).