FERC will prepare an environmental impact statement (EIS) for the floating liquefied natural gas (LNG) export terminal project of CE FLNG LLC, an affiliate of Cambridge Energy Holding LLC, which plans to construct and operate two floating natural gas liquefaction, storage and offloading units on the Mississippi River in Plaquemines Parish, LA, as well as an associated 37-mile natural gas pipeline (see Daily GPI,April 19). The Federal Energy Regulatory Commission opened a scoping period for the EIS that is scheduled to end Jan. 6 [PF13-11-000]. CE FLNG plans to moor two self-propelled liquefaction, storage and offloading vessels at the terminal that would each be about 1,100 feet long and 180 feet wide, rising about 80 feet above the waterline. The vessels would be capable of producing up to 8 million tonnes per annum of LNG and storing 250,000 cubic meters of LNG. The project has been approved for free trade agreement (FTA) country exports; approval to export to non-FTA countries is pending at the U.S. Department of Energy.
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Freeze-Offs, Cold Shuffle Rockies, California Prices; Futures Ease
Physical natural gas prices for weekend and Monday delivery on average vaulted another 62 cents in Friday’s trading. Gains were made at all but a couple of Marcellus points and were deep into double digits.
People
Freeport LNGnamed Sigmund “Sig” Cornelius successor to Charles Reimer as president and COO effective April 1, 2014. Cornelius is the retired senior vice president of finance and CFO of ConocoPhillips, where he had a 30-year career that included more than 14 years of operational profit and loss responsibilities covering domestic and international exploration and production operations and natural gas processing divisions. Reimer will remain a member of the Freeport board and will stay on as adviser to the company for at least four years after the final investment decision is made in Freeport LNG Expansion’s planned Train 3, which is expected by the end of 2014.
People
Nearly nine months after he was appointed to serve as secretary of the Pennsylvania Department of Environmental Protection, Christopher Abruzzo has been appointed by the state senate 42-8. In March Republican Gov. Tom Corbett appointed Abruzzo, who was supposed to take the helm of the oil and gas regulatory agency in April, but some Democrats were angered by the appointment of a longtime government attorney who didn’t appear to share some of their environmental views. Most recently, Abruzzo served as deputy chief of staff for Corbett.
Futures Rattle Higher Following Hefty Storage Pull
Physical natural gas prices for delivery Friday continued their rocket-like trajectory in Thursday’s trading, adding a stout 18 cents on average.
Industry Brief
Unitil Corp. is partnering with Portwalk Place, a mixed-use development in Portsmouth, NH, to upgrade the natural gas infrastructure in the downtown area at no cost to taxpayers. Unitil is replacing older steel pipes in the surrounding area with high-density plastic pipe. The project will modernize a portion of Portsmouth’s gas infrastructure, making it more reliable, efficient and better able to meet the growing demand for natural gas, Unitil said. The company has laid more than 2,500 feet of plastic pipe in and around the downtown area, allowing the natural gas system to operate at an elevated, more consistent pressure similar to other areas of the city. Unitil is implementing a global positioning system for all new pipe laid in the ground that will provide the company access to a database of infrastructure information. Unitil is a public utility holding company with operations in Maine, New Hampshire and Massachusetts.
Legislation Would Prevent Surveillance by Pennsylvania DEP
A Pennsylvania lawmaker has introduced a pair of bills designed to prevent the state Department of Environmental Protection (DEP) from using unmarked vehicles and video surveillance at oil and gas work sites.
Growing Number of Well Shut-ins Could Hurt Utica EURs
A lack of gathering and transmission lines in some parts of the country, particularly those in the Utica and Marcellus shales, are leaving wells shut-in longer, and new data presented Wednesday at an oil and gas conference in Cleveland suggests estimated ultimate recovery (EUR) could be significantly impacted as a result.
Arctic Blast Pushes Cash Points Higher; Futures Ease Ahead Of Storage Report
Physical natural gas for delivery Thursday gained 12 cents on average Wednesday as traders factored in massive cold front working its way from the Rocky Mountains to the Midwest and points south. At the close, January futures had eased 1.6 cents to $3.960 and February also had shed 1.6 cents to $3.958. January crude oil gained $1.16 to $97.20/bbl.
Industry Briefs
A northeast Ohio company has plans to open one of the state’s first third-party water treatment facilities to process flowback, brine and other wastewater that collects during the drilling process. Ohio favors injection wells to dispose of its oilfield waste, with nearly 98% of all brine water being disposed of in Class II injection wells. Iron Eagle Enterprises LLC, of Liberty Township is the first to receive a third-party permit. Plans call for constructing a 14,000 b/d, or 588,000 gallon, facility in Carroll County, where drilling activities have been robust. The plant is expected to employ as many as 50 people once it’s operational. No completion date has been announced.
