https://www.miningweekly.com
Coal|Energy|Export|Gas|LNG|Pipe|Pipelines|Power|Projects|Power Generation|Environmental|Drilling|Infrastructure|Pipe
Coal|Energy|Export|Gas|LNG|Pipe|Pipelines|Power|Projects|Power Generation|Environmental|Drilling|Infrastructure|Pipe
coal|energy|export|gas|lng|pipe-company|pipelines|power|projects|power-generation|environmental|drilling|infrastructure|pipe

‘Unleash American shale’ to end energy crisis

15th October 2021

By: Bloomberg

  

Font size: - +

The largest US natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages.

US gas drillers could increase supplies by about 20% if not for pipeline and export constraints, EQT CEO Toby Rice said in an interview Thursday.

Gas fields far from major population centers and export hubs can’t fully open the taps because of a dearth of pipe capacity and too few export facilities, he said. More of such infrastructure would make more fuel available both domestically and abroad, he said -- something gas-starved economies in Asia and Europe sorely need with winter approaching.

A new bonanza in US gas drilling also would help accelerate the phasing out of dirtier energy sources, primarily coal, Rice said.

Frustrated pipeline projects have been the Achilles heel of US shale gas as environmental groups, regulators and landowners successfully derailed installations intended to deliver more of the fuel to markets and home and overseas.

“The solution is very simple: unleash American shale,” Rice said. “What we do need is access to more pipeline infrastructure and more LNG facilities.”

A series of proposed pipelines aimed at moving gas from reserve-rich Appalachia have been scrapped over the past couple of years. Last month, PennEast Pipeline C., a joint venture of five companies including Southern Co. and Enbridge, halted development on a proposed 187-km conduit after failing to receive permits. Separately, completion of the 303-mile Mountain Valley Pipeline has been pushed into next year amid ballooning costs.

Prices for the heating and power generation fuel are skyrocketing in Europe, which is competing fiercely with Asia for cargoes of liquefied natural gas. Even in the U.S., where inventories are more abundant, the commodity has more than doubled this year. Meanwhile, gas for January delivery in the Boston area, which is heavily dependent on LNG shipments, is trading at four times the US benchmark price.

“The largest gas field in the world has been isolated and it’s not connected to the world market,” Rice said.

Edited by Bloomberg

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.153s - 111pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: