Yesterday MDN brought you jammed-packed news about EQT Corporation, the country’s largest natural gas driller and producer, from the company’s second quarter update (see EQT Sets World Drilling Record; Tug Hill Deal to Close Next 30 Days). Tucked into all of the news and comments made by EQT management, we missed one important detail that…
Read More...Tuesday morning, a portion of the Columbia Gas Transmission pipeline in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). Fortunately, the blast did not hurt nearby residents, nor were there any injuries among first responders who helped extinguish the fire. However, Columbia shut down…
Read More...Cheniere Energy CEO Jack Fusco dropped a verbal bomb at the LNG 2023 conference held last week in Vancouver, British Columbia (Canada). Fusco told journalists that his company “will likely build a pipeline” that connects to other pipelines to flow even more natural gas to its Sabine Pass LNG export facility that sits near Sabine…
Read More...In April 2022, MDN told you about Nopetro LNG’s plans to construct and operate as many as three liquefaction trains in Port St. Joe, Florida, that will liquefy up to 3.86 billion cubic feet (Bcf) per year of natural gas for export and delivery to markets in the Caribbean, Central America, and South America (see…
Read More...Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. However, construction began on the project in March 2022 (see Tellurian Begins Construction of Driftwood LNG with…
Read More...Yesterday the International Gas Union (IGU) released its 14th annual 2023 World LNG Report–the world’s most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). With the Russian invasion of Ukraine, the gas markets went wild last year. The IGU report calls 2022 the “most turbulent year…
Read More...In July 2020, Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett’s Berkshire Hathaway Energy (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Part of the deal involved selling a 25% interest in the Cove Point LNG export facility to Berkshire Hathaway,…
Read More...In the early days of the shale revolution, Marcellus/Utica drillers (all shale drillers) were incentivized by shareholders to drill at any cost. The philosophy was “drill baby drill,” believing pipelines would somehow get built to handle the increasing production volume. Over the past three years or so, since about the time the pandemic began, things…
Read More...NGLs, or natural gas liquids, are an essential revenue stream for Marcellus/Utica drillers in the “wet gas” regions of the play. Those regions are found in southwestern Pennsylvania, the northern panhandle of West Virginia, and eastern Ohio. There are several pipelines that flow M-U NGLs to other regions or to export facilities. Among them is…
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 originally thought to be a three-week outage lasted for ten months! The plant finally returned online at the end of March this year
Read More...Last June (one year ago), the story broke that Penn LNG, headed by Franc James, a native of Philadelphia, had “quietly lined up support to build a $6.4 billion liquefied natural gas export terminal near Philly.” Not wanting this golden opportunity to die from opposition by radicalized environmentalists, Pennsylvania State Rep. Marina White (Republican from
Read More...In September 2019, the Federal Energy Regulatory Commission (FERC) gave its blessing to Eagle LNG to build a small LNG… Continue reading The post Jacksonville’s Eagle LNG Export Waiting for Final FERC OK to Build first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook 2023 (see EIA Annual Outlook Predicts O&G,… Continue reading The post EIA Report Ponders the Effect of LNG Exports on U.S. NatGas Market first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The Dept. of Energy (DOE) grants permission for LNG export facilities to ship LNG to non-free trade agreement countries. It… Continue reading The post DOE Rule Change Means LNG Projects Must Build Within 7 Years first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post U.S. NatGas Production to Hit Record High in 2023, Demand to Fall first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...