Bumpy Financial Road for BKV – Company Bets on Carbon Capture
A recent article in the Wall Street Journal focuses on BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company). The article pulls the curtain back and gives us a better view into what happened with the company’s aborted plan to launch an initial public offering in 2023 (see BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices). The article also reveals that BKV’s strategy is to produce “guilt-free” natural gas by investing in carbon capture.
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Columbia Gas of Ohio will start work this spring to replace a 4.3-mile section of a 20-inch natural gas pipeline from Clintonville to North Linden (Columbus), a key piece of infrastructure that brings gas to thousands of homes throughout central Ohio. Columbia Gas purchased and will demolish several buildings along the pipeline’s route as part of the project. The work is scheduled to begin in April and finish by the end of the year. Columbia’s president and chief operating officer, Vince Parisi, says the pipeline is “our backbone of Columbus” and is “pretty critical” to natural gas distribution throughout the region.
In what has become a repeating pattern, indicating we may have hit bottom, last week, the Baker Hughes U.S. rig count added two rigs, going from 620 two weeks ago to 622 last week. The pattern is to lose a few and then gain a few every couple of weeks. After Pennsylvania lost a rig two weeks ago (see 
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