The natural gas storage report from the EIA for the week ending January 29th indicated that the amount of natural gas held in underground storage in the US fell by 192 billion cubic feet to 2,689 billion cubic feet by the end of the week, which left our gas supplies 41 billion cubic feet, or 1.5% higher than the 2,648 billion cubic feet that were in storage on January 29th of last year, and 198 billion cubic feet, or 7.9% above the five-year average of 2,491 billion cubic feet of natural gas that have been in storage as of the 29th of January in recent years..the 192 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 195 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but more than the 155 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 146 billion cubic feet of natural gas that have
Staff Writer
Screenshot
A panel of experts from the think tank Ohio River Valley Institute discussed the oil and gas industry and potential cracker plant at Dillies Bottom this week. Panelists expressed doubts about the economic future of the industry and its benefit to local residents.
ST. CLAIRSVILLE An organization affiliated with environmentalist groups says it soon will produce studies suggesting that the oil and gas industry is on an economic decline and that a proposed ethane cracker plant should not become a reality in Eastern Ohio.
Panelists from the Ohio River Valley Institute, a think tank focused on “lasting job growth, clean energy, and more inclusive civic structures for northern Appalachia,” held a discussion Wednesday. Speakers at the economic forum included: Kathryn Hipple, professor of finance at Bard College and former financial analyst with the Institute for Energy Economics and Financial Analysis; John Hanger, energy consultant and former Pennsylvania
The owner of a power plant being built along the Ohio River in eastern Ohio is taking steps toward fueling it with hydrogen and not just natural gas, as originally planned.
When the 485-megawatt power plant at Long Ridge Energy Terminal in Monroe County opens later this year, the natural gas-fired plant will be blended with hydrogen, a carbon dioxide-free energy source being pitched as a way to cut greenhouse gas emissions.
The goal is to transition the plant to 100% hydrogen over the next decade potentially green hydrogen a renewable energy source that uses electrolysis to split water to harvest hydrogen molecules.
Staff Writer
CLARINGTON Mountaineer NGL Storage LLC is exploring green options for its Appalachian Storage Hub in Monroe County.
The natural gas storage facility is gauging interest in the possibility of storing carbon-free hydrogen in its new storage hub near Clarington in Monroe County. The company announced its interest in green hydrogen storage earlier this month and is looking to see if there is a market for it in the local region. The initiative comes after Long Ridge Energy Terminal announced its plans to convert its Hannibal power plant to a green hydrogen fuel source.
David Hooker, CEO and president of Mountaineer, said the exploration is in support of the power generation market move toward green energy solutions, including that of Long Ridge Energy Terminal, being developed at the former Ormet Corp. aluminum production site. Hooker said Long Ridge Energy Terminal had reached out to the storage company to inquire if it would be willing and able to store hydrogen; Moun
For The Intelligencer
Plans for a Mountaineer Natural Gas Liquids storage facility near the Ohio River in Monroe County are raising fears of pollution and long-term damage to the area and its people.
A virtual meeting was held Thursday evening in which environmental groups shared information and comments, with the overall goal of telling the public to reach out to the Ohio Department of Natural Resources during a 30-day comment period that ends Feb. 6.
PTT Global Chemical America has reached an agreement with Mountaineer NGL, which intends to use salt caverns to store liquid components of the local natural gas stream, such as ethane, underground. That ethane would serve as feedstock for a PTTGCA ethane cracker plant if it is built as proposed a few miles to the north. A final investment decision about the cracker has been postponed indefinitely due to the COVID-19 pandemic.