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Supply Fears Keep Pressure on Natural Gas Forward Prices

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…

May 27, 2022
Manchin Urges All-of-the-Above Energy Approach to ‘Disarm’ Putin, Russia

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…

March 11, 2022
AltaGas Impacted by MVP Delays, BC Flooding in 2021

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…

March 9, 2022
MVP Suffers Another Setback as Federal Court Invalidates More Permits

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…

February 7, 2022
Mountain Valley’s Key Forest Approvals Remanded in Another Setback for Natural Gas Pipeline

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…

January 28, 2022
MVP Still Targeting Summer 2022 Start-Up Despite Latest Lawsuit

MVP Still Targeting Summer 2022 Start-Up Despite Latest Lawsuit

The 2 Bcf/d Mountain Valley Pipeline (MVP) project has received a key water quality certification (WQC) from West Virginia, but environmental groups have filed yet another lawsuit against the approval.  The pipeline would move Appalachian natural gas to the southeast via a 303-mile route through West Virginia and Virginia.  The Sierra Club and other environmental…

January 6, 2022
Environmental Groups Again Challenging MVP Water Quality Approvals

Environmental Groups Again Challenging MVP Water Quality Approvals

The 2 Bcf/d Mountain Valley Pipeline (MVP) project received a key water quality certification (WQC) from West Virginia late last week, but environmental groups have filed yet another lawsuit against the approval.  The pipeline would move Appalachian natural gas to the southeast via a 303-mile route through West Virginia and Virginia.  The Sierra Club and…

January 5, 2022
MVP Southgate Developers Eye ‘Next Steps’ After Virginia DEQ Panel Denies Permit

MVP Southgate Developers Eye ‘Next Steps’ After Virginia DEQ Panel Denies Permit

A Virginia Department of Environmental Quality (DEQ) panel late last week voted to deny an air permit for a compressor station needed to extend the Equitrans Midstream Partners LP-led Mountain Valley Pipeline (MVP) into North Carolina. Going against DEQ’s recommendation, the Virginia Air Pollution Control Board voted 6-1 to deny a draft minor new source…

December 6, 2021
Biden Administration Gives States, Tribes More Time to Review Some Pipeline Projects

Biden Administration Gives States, Tribes More Time to Review Some Pipeline Projects

The Biden administration is moving to give states and tribal authorities more leeway in approving or denying permits for projects that include oil and natural gas pipelines that cross waterways. Under Section 401 of the federal Clean Water Act (CWA), states and authorized tribes have allowed to grant, deny or waive certification for proposed federal…

August 24, 2021
MVP’s Plans for New Water-Crossing Method Clear Hurdle at FERC

MVP’s Plans for New Water-Crossing Method Clear Hurdle at FERC

FERC has issued an environmental assessment (EA) for the long-delayed Mountain Valley Pipeline (MVP), signing off on the project’s plans to use a different water crossing method at some locations along its route. MVP filed in February to amend its certificate approval as part of a broader plan to work around a prolonged legal process…

August 13, 2021
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