The mayor of Chester, PA (a suburb of Philadelphia), Sefan Roots, boldly proclaimed over the weekend that an LNG export project planned for his community called Penn LNG is “dead in the water.” He bases his claim on Joe Biden’s recent declaration that all LNG export projects are “on pause” (see White House Makes it…
Read More...The White House has made official what we warned you about yesterday (see Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals). This morning, the Biden administration announced it has put “a temporary pause on pending decisions of Liquefied Natural Gas exports.” The reason? The so-called “climate crisis” is “the existential threat of our…
Read More...Two weeks ago, MDN warned you that the Bidenistas were conducting a secret “review,” being led by the Department of Energy (DOE), to evaluate whether regulators should consider mythical “climate change” when deciding whether a proposed natural gas export project meets “the national interest” (see Bidenistas Look to Block Authorization of New LNG Export Projects)….
Read More...According to Reuters, the amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants (called feedgas) dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market, and as Freeport LNG’s facility in Texas experienced mechanical problems. Yep, another outage at…
Read More...Even though separately (and together) Chesapeake Energy and Southwestern Energy own MORE assets in the Marcellus/Utica than in the Haynesville shale play, the main driver to do a merger between the two companies is the Haynesville and that play’s close proximity to LNG export facilities along the Gulf Coast. That is the conclusion of most…
Read More...Somewhat lost in yesterday’s big news of the Chesapeake/Southwestern merger (which sucked up most of the news oxygen) was an announcement by EQT Corporation, the current largest natural gas producer in the U.S. EQT unveiled a new 15-year deal with Glenfarne Energy’s Texas LNG export facility to liquefy 0.5 million tons per annum (MTPA) for…
Read More...EQT CEO Toby Rice appeared on CNBC’s ‘Money Movers’ program last Friday to discuss what he expects for natural gas prices this year, what lower natural gas production means for EQT, and more. It was an interesting segment (watch it below; it is just four minutes long). Rice said, among other things, that a key…
Read More...Wow! That was fast! On Dec. 27, pipeline giant Williams issued a press release to announce a deal to buy six underground natural gas storage facilities located in Louisiana and Mississippi with a total capacity of 115 billion cubic feet (Bcf), as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects, for…
Read More...Shell, one of the contracted customers to receive LNG from Venture Global’s Calcasieu Pass LNG export facility, added its voice to BP’s request with the Federal Energy Regulatory Commission (FERC) to release documents from Venture Global related to an ongoing delay in making the plant commercial. The Calcasieu Pass LNG export facility recently received FERC…
Read More...Last week, Charif Souki, an Egyptian-born but naturalized U.S. citizen, was booted from the company he co-founded, Tellurian (see Tellurian Fires Charif Souki – Out as Chairman & Executive Officer). The board fired Souki but let him keep a board seat. Souki is now gone from the board, too. He worked out a deal to…
Read More...Bureaucratic incompetence? Or yet another attack by the Bidenistas against the American fossil energy industry? It’s hard to say. We’re speaking of a new policy decision by the Biden Customs and Border Patrol (CBP) agency that prohibits LNG tankers from partially filling up at one U.S. export plant and moving up the coast to finish…
Read More...Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was initially thought to be a three-week outage lasted for ten months. The plant finally returned online in March of this year (see Freeport…
Read More...Charif Souki, an Egyptian-born but naturalized U.S. citizen, has just been booted (for a second time) from a company he co-founded. In December 2015, evil corporate raider Carl Icahn (who invests in companies so he can fire a bunch of people, boost the stock, and pocket the profit) fired Souki from Cheniere Energy, a company…
Read More...Venture Global’s Calcasieu Pass LNG export facility recently received Federal Energy Regulatory Committee (FERC) authorization to place the final three liquefaction blocks (7-9) into service (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for 18 months but are not officially in commercial service, even…
Read More...In early November, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal on their way to Asia (see Drought Along Panama Canal Causing Delays in Propane, LNG Exports). According to the Panama Canal Authority (APC), water levels at Gatún Lake are the lowest since at least 1995 due to…
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