As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets could be turned upside down in 2023 as midstream bottlenecks leave gas stranded in producing basins. LNG developers on the Gulf Coast are in a race to boost liquefied natural gas exports to capitalize…
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Timely Release of USFS Draft Review a Potential Boon for MVP
Earlier than expected, the U.S. Forest Service (USFS) has released a draft version of an updated environmental review needed for the Mountain Valley Pipeline’s (MVP) proposed 3.5-mile crossing of the Jefferson National Forest along the Virginia-West Virginia border. Notice of the availability of the draft supplemental environmental impact statement (EIS) was published in the Federal…

Updated MVP Draft Forest Environmental Review Seen Arriving Ahead of Schedule
Earlier than expected, the U.S. Forest Service (USFS) has released a draft version of an updated environmental review needed for the Mountain Valley Pipeline’s (MVP) proposed 3.5-mile crossing of the Jefferson National Forest along the Virginia-West Virginia border. Notice of the availability of the draft supplemental environmental impact statement (EIS) was published in the Federal…

Forest Service Working on (Another) Environmental Review to Address Fourth Circuit Court Decision
As the long-delayed Mountain Valley Pipeline LLC works toward a target in-service date in the second half of 2023, the developer will have to wait until at least next summer to receive an updated environmental review from the U.S. Forest Service (USFS). The USFS plans to prepare a supplemental environmental impact statement (EIS) for the…

IRA, Permitting Reform Seen Possibly Boosting Natural Gas Infrastructure
The Inflation Reduction Act of 2022 (IRA) and a related promise for energy permitting reform may have improved the outlook for natural gas infrastructure, according to industry stakeholders. Speakers at LDC Forums’ Mid-Continent Forum in Chicago were under no illusions about the continued challenges facing newbuild projects, especially interstate pipelines. However, recent events have offered…

Supply Fears Keep Pressure on Natural Gas Forward Prices
With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

Manchin Urges All-of-the-Above Energy Approach to ‘Disarm’ Putin, Russia
The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…

AltaGas Impacted by MVP Delays, BC Flooding in 2021
Floods on the northern Pacific Coast and a delayed pipeline project in the eastern United States limited the financial performance of utility, gas processing and byproduct marketing conglomerate AltaGas Ltd. last year. AltaGas, which reports in Canadian dollars (C$1.00/US 79 cents) wrote $271 million off the value of a 10% share that U.S. subsidiary WGL…

MVP Suffers Another Setback as Federal Court Invalidates More Permits
The sponsors of Mountain Valley Pipeline (MVP) are evaluating what comes next for the beleaguered natural gas project after a federal appeals court on Wednesday vacated its Endangered Species Act (ESA) authorizations and further setback construction. The U.S. Court of Appeals for the Fourth Circuit invalidated MVP’s Biological Opinion and Incidental Take Statement, sending them…

Mountain Valley’s Key Forest Approvals Remanded in Another Setback for Natural Gas Pipeline
Dealing a blow to Mountain Valley Pipeline LLC’s (MVP) expectations for a timely conclusion to the drawn-out regulatory saga, a federal court has once again struck down crucial permitting for the natural gas conduit’s crossing of the Jefferson National Forest. The U.S. Court of Appeals for the Fourth Circuit last Tuesday (Jan. 25) vacated and…