Pipeline giant Energy Transfer (ET), owner of the Mariner East Pipeline system, the Marcus Hook NGL terminal, and the Rover pipeline in the Marcellus/Utica region, issued its fourth quarter and full-year 2023 update yesterday. Net income for 4Q23 was $1.57 billion, up 9% from 4Q22’s $1.44 billion. However, net income for 2023 was $5.29 billion,…
Read More...So-called “charities” (really nothing of the sort) controlled by Rockefeller family billionaires and charities controlled by billionaire Mike Bloomberg provided millions of dollars in recent years to environmental groups that are campaigning against fossil-fuel projects, including LNG terminals that have been proposed on the Gulf Coast, according to insiders. So says an article recently published…
Read More...The U.S. House Energy and Commerce Subcommittee on Energy, Climate and Grid Security held a hearing on Tuesday to challenge Joe Biden’s so-called pause on new LNG permits to non-free-trade partners as it “studies the impacts,” including on climate change, of LNG use. Republicans blasted the Bidenistas for the havoc they have created with the…
Read More...Politicians on Capitol Hill aren’t the only people taking aim at Joe Biden’s pause on LNG export approvals (see today’s companion story, Repubs Attack, Dems Defend Biden LNG Pause at House Hearing). Some 23 “red” state Attorneys General wrote a letter to President Biden and the nutty Secretary of Energy, Jennifer Granholm, to inform them…
Read More...In April 2022, MDN reported that the top brass at Kinder Morgan, the owner and operator of the Elba Island LNG export facility (also known as Southern LNG), was considering an expansion of its modestly-sized facility (see Kinder Morgan Considers Expanding Marcellus-fed Elba Island LNG). Little did we know, but KM submitted an application to…
Read More...Last Friday, Joementia announced he is putting “a temporary pause on pending decisions of Liquefied Natural Gas exports.” The reason? The so-called “climate crisis” is “the existential threat of our time.” It’s all rubbish. The real reason is that he bowed to radical leftists in his own party. He needs them if he has a…
Read More...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…
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