IGU’s 2021 World LNG Report: 39% of Potential New LNG in U.S.
Calling it “an extraordinary year for the global gas industry,” the International Gas Union (IGU) yesterday released its 12th annual World LNG Report–the world’s most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). From huge drops in demand levels at the height of the pandemic lockdowns, through exceptional spikes when the winter deep freeze sent the world’s energy systems into crisis, the IGU says LNG, quite literally, delivered.
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MARCELLUS/UTICA REGION: Ohio natural gas and oil industry awards 36 scholarships; OTHER U.S. REGIONS: Tellurian signs 10-year LNG agreement with Vitol for 3 MTPA; NATIONAL: The energy transition will change the oil industry: ‘this time for sure’; U.S. natural gas storage capacity has remained flat over the past eight years; Part 2 – How COVID-19 reshaped the future of North American LNG projects; Joe Biden’s climate plan will make us even more dependent on China; INTERNATIONAL: OPEC, Russia seen gaining from climate activist wins.
The Federal Energy Regulatory Commission (FERC), now firmly under the jackboots of Chairman Richard “Dick” Glick, has just struck a major blow to five natural gas pipeline projects, four of them either located in the Marcellus/Utica or located elsewhere but will flow significant amounts of our gas. Just coming to light now is the fact that last Thursday functionaries inside the bowels of FERC issued notices to five pipeline projects that FERC has hit the pause button on finishing up final approvals so the agency can take the next six months to complete full environmental impact statements (EIS’s), gauging whether or not these projects will cause too much mythical, man-made global warming. We’d be really angry about this except our anger quotient is already exhausted with this bunch of leftist nuts.
Enjoy the Republican majority on the Federal Energy Regulatory Commission (FERC) while you have it. That majority will end soon. Three FERC Republican commissioners have approved Enable Midstream Partners’ Gulf Run natural gas pipeline which will, in part, connect Marcellus/Utica gas supplies to the Gulf Coast for exporting (see 
RBN Energy is a fountain of great information about the oil and gas sector. Headed by industry icon Rusty Braziel, RBN tracks and reports on a number of O&G companies. One of the best features of their information service is tracking the performance of three groups of publicly-traded O&G companies: Oil-Weighted E&Ps, Diversified E&Ps, and Gas-Weighted E&Ps. That last group, the gas-focused companies, is a list of 10 E&Ps. Only two of the ten don’t have any operations in the Marcellus/Utica–all the rest do. RBN has just published a post about the financial performance in 1Q21 for all three groups. The numbers are very encouraging.
We have some further clarification on the status of Equitrans Midstream’s 303-mile Mountain Valley Pipeline (MVP) project. One month ago Equitrans announced due to ongoing delays in permits (because of lawsuits filed by Big Green groups) MVP will not finish construction until next year (see 
When was the last time you heard about a state legislature with the guts to reject a governor’s nominee to head a regulatory agency because the nominee proved to be, well, dumb? Yeah, like never. Until now! The ranks of dullard bureaucrats are legion across the country, but you can count on one less dullard in North Carolina where the Republican legislature, after quizzing Democrat Gov. Roy Cooper’s nominee to head the state’s Department of Environmental Quality (DEQ), determined she flunked because she didn’t know a darned thing about Mountain Valley Pipeline’s proposed Southgate project.
Crestwood Equity Partners and Consolidated Edison, Inc. (Con Edison) yesterday announced they are selling their 50/50 joint venture in Stagecoach Gas Services to pipeline giant Kinder Morgan for $1.225 billion in cash. Stagecoach consists of four natural gas storage facilities and 185 miles of natural gas pipelines located in the Marcellus/Utica with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a Kinder Morgan subsidiary.
Last December MDN brought you the exclusive news that barging of shale wastewater (produced water) had finally been approved by the U.S. Coast Guard and that it would begin during the first quarter of this year (see 
The Pennsylvania Dept. of Environmental Protection (DEP) has done a little more fundraising to underwrite the salaries of overpaid management. The DEP fined Olympus Energy (formerly Huntley & Huntley) for $175,000 in a “civil penalty.” What did Olympus do that was so egregious? After a hard rain some of the rainwater got muddy on an Olympus well pad and washed down an unnamed creek in Allegheny County. Oh, and the language on a sign posted at the pad site didn’t contain some of the exact “Simon Says” language on it, including permit numbers. The shame! The horror!
It’s interesting to observe how antis twist and turn *any* situation, no matter how obscure and inconsequential, into propaganda that supports their aim to end the use of all fossil fuels. For example, there was a minor, we’d call it routine, incident at a Mariner East 2 pipeline pumping station in Chester County on Monday night. A small leak of methane (natural gas) was detected in the pumping station. The leak was tiny and the gas didn’t even escape the pumping station. Yet antis are attempting to turn this molehill into Mount Everest.
Can we get an amen! We have an evangelist in the house. Toby Rice, CEO of EQT (the largest natural gas producing company in the U.S.) is preaching the gospel of natural gas. No surprise there. But what may surprise you (it did us) is just how much Rice is pushing natgas as the alternative to coal in power generation. In an interview with Barron’s, Rice declared we need “every tool” to end energy poverty around the world, and “natural gas is the most evolved tool” to do it. Amen!
Last week we shared the bombshell news that Cabot Oil & Gas, one of the premier drillers in the Marcellus, is merging with (being acquired by) Permian driller Cimarex Energy (see 
All three M-U states received permits to drill new shale wells last week, but not a lot. In fact, it was one of the lowest overall number of permits issued in recent memory. Pennsylvania received just five new permits, and some of those were reissued permits. Ohio received four permits. And West Virginia just a single new permit.