Shepstone Management Company, Inc.
Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added.
Wonderful news from Pennsylvania State Representative Tina Picketts’s office:
Eureka Resources was awarded a $280,000 grant through Pennsylvania’s Pipeline Investment Program (PIPE) to expand a natural gas pipeline in Standing Stone Township, Bradford County, according to Rep. Tina Pickett (Bradford/Sullivan/Susquehanna).
“This grant is another excellent example of how the impact fees derived through Act 13 of 2012 are being used to benefit residents in our region and create jobs,” said Pickett. “I am pleased this project was approved for funding and look forward to its completion.”
Specifically, Eureka Resources plans to use the state funding to construct a 1,200 foot, 4-inch carbon steel natural gas pipeline to serve its oil and gas wastewater treatment facility located in the township. The Williamsport-based company will contribute $280,000 in matching funds toward the project, which will interconnect with the Scheffler pipeline and provide natural gas to 66 acres of developable land.
Eureka Resources, which provides wastewater management services to oil and natural gas producers, also plans to expand its operations and add 35 full-time jobs.
Just another example of the rural economic revitalization courtesy of natural gas development.
Johnny Green Has Had Enough of the Green New Deal
Johnny Green, the Earth’s Champion and greatest environmentalist on Earth, who we covered here, is back and is not happy with the “Green New Deal” — not happy at all:
Johnny Green’s signature line, of course, is “Renewables Ain’t Doable Without Fossil Fuelables” and it makes more sense every day, doesn’t.
Here are two phony journalists from the New York Times; one (Farnaz Fasshi), equating a NYC rule requiring teachers teach rather than protest with Iranian totalitarianism, and the other (Anne Barnard) endorsing her comrade’s position:
Talk about fake news and a fading newspaper. Global warmists, who should love natural gas, are going off the deep end with their self-righteousness and corrupting government, journalism and everything else they touch.
Let’s hope those pseudo-journalists see this:
The U.S., thanks to booming shale gas production, is expected to contribute 380 billion cubic meters (bcm) to global supply growth by 2035. The total global supply growth is seen at 635 bcm, according to McKinsey. The U.S. will be followed by Russia and Africa, which will add 110 bcm to global supply each. On the other hand, gas supply in Europe will decline, the report showed…
“The past year saw the natural-gas market grow at its fastest rate in almost a decade, supported by booming domestic markets in China and the United States and an expanding global gas trade to serve Asian markets,” according to the McKinsey analysts.
Over the past twelve months, the global gas market expanded by 5.3 percent, while the liquefied natural gas (LNG) market increased by 8.6 percent in 2018, the report says.
LNG demand is expected to grow at 3.6 percent every year until 2035. In order to meet additional demand after 2027-2028, the industry will need to invest more than US$400 billion across the LNG value chain, McKinsey noted.
“We expect LNG demand to outpace overall gas demand as Asian markets rely on more distant supplies, Europe increases its gas-import dependence, and US producers seek overseas markets for their gas (both pipe and LNG),” according to the report.
How much more beautiful can it get?