Shell Annual Outlook Says LNG Demand to Double by 2040
Royal Dutch Shell, one of the world’s supermajors (oil and gas driller), is, in fact, one of (perhaps THE) largest producer of LNG, or liquefied natural gas, in the world. The company has just released its fourth annual LNG Outlook 2020 (full copy below) which highlights key trends in 2019 and hauls out the crystal ball to predict where things are heading over the next 20 years. Shell says global demand for LNG is expected to double to 700 million tonnes by 2040. Why? Because natgas emits less carbon dioxide into the atmosphere than other alternatives.
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MARCELLUS/UTICA REGION: Toomey ‘pushes back’ on Dems’ efforts to ban fracking; NATIONAL: Moody’s – North American E&P firms face high debt maturities, tighter access to capital; DOE proposes to extend natural gas export authorizations to non-FTA countries through 2050; PHMSA issues final rule on underground natural gas storage facilities safety; Trump announces nominations of deputy chiefs for EPA, Energy Department; INTERNATIONAL: Transport minister confirms anti-pipeline protestors tampered with railroad crossings; Donald Trump’s India visit: Deal likely for more US oil, gas to trim trade gap.
We knew this day would come (although we secretly wished it never would). Our favorite government agency, the U.S. Energy Information Administration, yesterday released our favorite monthly report–the Drilling Productivity Report (DPR). The DPR chronicles how much oil and gas the country’s seven largest shale plays produced last month and their prediction for the coming month. For the first time in 39 months, the combined natural gas output of the seven shale plays will decrease instead of increase. But what a run it’s been! With gas prices in the basement and drillers slashing budgets and people, this was bound to happen. However, shale oil output will hit a new record in March: 9.18 million barrels per day.
Last year a sewage treatment facility in Belle Vernon (Fayette County, PA) claimed the effluent (runoff) it was receiving from a nearby landfill in Westmoreland County contained high levels of salt and radioactivity and was causing damage to their treatment system (see 
Big time opposition continues to Pennsylvania Gov. Tom Wolf’s plan to force the state to participate in the Regional Greenhouse Gas Initiative (RGGI), a tax on carbon aimed at coal and natural gas-fired electric power plants, with an eye to driving them out of business. We’ve written plenty about Wolf’s naked power grab, to force the state into RGGI without the legislature’s consent (
Is anyone shocked at the audacity of anti-fossil fuel groups like the Sierra Club to simply manufacture (make up, out of nothing) new “data” with wild claims of radioactivity in order to block a New York landfill from expanding to accept more PA drill cuttings from shale sites? We aren’t.
A U.S.-based compressor station facility had to shut down operations for two days after sustaining a cyber attack that prevented personnel from receiving crucial real-time operational data from control and communication equipment, according to the Dept. of Homeland Security. We do not know if the compressor was located in the Marcellus/Utica or another shale play. We do know this is a serious–and an increasing problem. We consider it cyber terrorism.
MDN is proud to partner with Petrochemical Update, now owned by Reuters Events, to promote the forthcoming 
Pennsylvania Democrats are complaining about State Senate Republicans using a political tactic against the Dems that they themselves use. Which we find hilarious. We’re referring to a recently passed House Bill (HB) 1100, a bill to encourage new petrochemical plant investment in PA (see 
Bills aimed at clamping down on illegal pipeline protests (which pretending to be free speech but aren’t) have been introduced in both the Ohio and West Virginia legislatures. In WV, House Bill (HB) 4615 passed the House last week and is now under active consideration in the WV Senate. In Ohio, Senate Bill (SB) 133 was passed last May. The bill was recently reported out of a House committee and likely to see a full House vote soon. It’s obvious that regular folks are tired of radicals and their illegal attempts to block pipeline projects.
More obsessing and hand-wringing over the low price of natural gas (we can’t help it!). Our favorite government agency, the U.S. Energy Information Administration (EIA) published a post on Friday that points out the NYMEX price of natural gas has hit its lowest level for a February day in the past 20 years, closing at $1.77/MMBtu on Feb. 10 (up slightly since then). EIA also points out these are the lowest absolute prices (for any day in any month) we’ve seen in the past four years–since the price crash of 2016. Again, the price crash is happening in February! Yuck.