Op-ed: US Natural Gas Prices at Multiyear Highs Will Protect Stocks
In the short term, higher gas prices will encourage power generators to run gas-fired turbines for fewer hours over the next few months, running coal-fired units instead, to reduce gas combustion.
Merkel Defends US Nord Stream 2 Deal as Ukraine Cries Foul
German Chancellor Angela Merkel on July 22 defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said the agreement was too weak to ensure Russia behaves the way Kyiv and the West want.
US Regulator Issues Notice to Dakota Access Pipeline over Safety Concerns
The PHMSA recommended a civil penalty of $93,200 against Energy Transfer, operator of the Dakota Access Pipeline, for the violations and said failure to correct the issues may result in further enforcement action.
Kinder Morgan Says Permian Basin, Haynesville Will Need New Natural Gas Pipelines
Kinder Morgan CEO Steven Kean told analysts during a conference call late on July 21 that the Permian Basin will probably need another gas pipeline in the middle of the decade.
Pinnacle Midstream Finalizes Development of Midland Basin Gas Processing Complex
Construction of the gas processing facility in Midland County, Texas, initiates Phase II development of Pinnacle Midstream’s Dos Picos System in the Midland Basin.
Energy Transfer to Finish Mariner East Expansion in Pennsylvania Despite Opposition
Mariner East transports liquids from the Marcellus/Utica shale in western Pennsylvania to customers in the state and elsewhere, including international exports from Energy Transfer’s Marcus Hook complex.
B3 Insight Launches New Oilfield Water ESG Council
Founding Members of the council include EagleClaw Midstream, Pioneer Natural Resources and H2O Midstream, among others.
Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns
The Canadian province of Quebec on July 21 rejected a LNG export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.
US, Germany Deal on Nord Stream 2 Pipeline Draws Ire of Lawmakers in Both Countries
The agreement will resolve a long-standing dispute over the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia's Arctic region to Germany.
Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes
Pipeline operator Kinder Morgan took a non-cash impairment charge of $1.6 billion in the second quarter related to anticipated lower volumes and rates on contract renewals for its South Texas natural gas processing and gathering assets.