Gas Transmission Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ Wed, 03 Aug 2022 16:42:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormfieldservicesllc.com/wp-content/uploads/2021/05/storm-field-services-llc-icon-1-150x150.png Gas Transmission Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ 32 32 The North Sea pipeline network enters its fourth decade of service https://stormfieldservicesllc.com/the-north-sea-pipeline-network-enters-its-fourth-decade-of-service/ Wed, 03 Aug 2022 16:42:00 +0000 https://stormfieldservicesllc.com/the-north-sea-pipeline-network-enters-its-fourth-decade-of-service/

Overseas staff

ABERDEEN, UNITED KINGDOM — Ancala Midstream commemorated the 30e anniversary of the commissioning of the SAGE gas export system in the North Sea. The first gas was delivered from the SAGE terminal at St Fergus, north of Aberdeen, to the UK National Grid on August 2, 1992.

The UK currently imports over 50% of its gas. The SAGE terminal can supply up to 15% of the national supply, sent from fields in the UK and the Norwegian North Sea via the 323 km (200 mi) export pipeline system (SAGE Offshore Pipelines and Beryl), which has a nominal capacity. of 1,150 cubic feet per day.

Gas is redelivered to shippers at the entry point into the national transmission system at St Fergus, while NGLs are redelivered to shippers at the entry point to the Forties onshore pipeline network and the SEGAL system.

Jim Halliday, CEO of operator Ancala Midstream, said: “We strongly believe in the future potential of SAGE and we will continue to provide secure services to its current and future customers over the next 20 years. The role of gas infrastructure in enabling the transition to low emissions energy is highlighted by the role the SAGE system will play in the Scottish cluster as a potential supplier of CO2 moving and related services.

“A project to eliminate CO2 from SAGE’s gas supply has already been recognized by the UK government as eligible for future support. “

The owners of the SAGE terminal and pipeline are SAGE North Sea (30.3%), Harbor Energy (19.7%) and Brae Group – TAQA Bratani Ltd. and Sprit Energy, NEO (50%)

The owners of Beryl Pipeline are SAGE North Sea (60.6%) and Harbor Energy (39.4%).

08.03.2022

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Democrats open to pressure from Manchin to allow reform https://stormfieldservicesllc.com/democrats-open-to-pressure-from-manchin-to-allow-reform/ Fri, 29 Jul 2022 10:20:00 +0000 https://stormfieldservicesllc.com/democrats-open-to-pressure-from-manchin-to-allow-reform/

Democratic leaders yesterday said a deal on a permit was crucial to getting West Virginia Democratic Sen. Joe Manchin to “yes” on a separate climate and social spending package.

And while not everyone is thrilled with it, some see it as a silver lining.

“The goal was to enable reform, not just for fossil fuel pipelines, but for transmission lines,” said Sen. John Hickenlooper (D-Colo.). “They’re sort of lumping them together.”

Manchin signaled that without allowing reform, there would be no deal. As for details on the reform, there were few yesterday: Manchin’s office said none of the provisions have been made public.

The changes would be part of separate legislation requiring 60 votes, rather than a simple majority used as part of the budget reconciliation process for the climate package.

Senate Majority Leader Chuck Schumer (DN.Y.) told reporters yesterday that Manchin had two main requests: ‘It was the other thing, other than the rental, that Sen. Manchin asked for.’ , did he declare. “We agreed on a provision. There are some good things in it. »

Yet Schumer acknowledged the reality that streamlining the permitting process would help free up fossil fuels. “There are certain types of permits that also impede clean energy,” he said.

Announcing an agreement on the reconciliation package on Wednesday, Manchin said Democratic leaders were “committed to advancing a series of common-sense licensing reforms this fall that will ensure that all energy infrastructure, from transmission to pipelines and export facilities, can be built efficiently and responsibly.”

Schumer said the deal on $369 billion in climate spending included commitments from House Speaker Nancy Pelosi (D-Calif.) and the White House to try to include the provision in a funding bill. separate interim plan that Congress will need to pass in September to support government operations.

In a Zoom call yesterday, Manchin referenced his prized Mountain Valley pipeline as a possible project reaping the benefits. The pipeline — which he said could be in production in six months — would carry natural gas from Appalachia to the southeast (green wireJuly 28).

Democrats point to positives

Although they had to swallow the licensing effort to pass the reconciliation bill, Democrats yesterday insisted that any licensing reform legislation would extend beyond just fuels infrastructure fossils researched by Manchin.

Democrats seemed wide open to a permit rewrite in exchange for a generational investment in clean energy — $369 billion in total. Even progressive Rep. Alexandria Ocasio-Cortez (DN.Y.) has signaled she’s willing to allow reforms if they speed up the energy transition.

“There’s something to be said that it’s not just about licensing oil and gas,” Ocasio-Cortez told reporters. “As we build renewable infrastructure in the United States, that too will also be subject to licensing issues.”

Other Democrats reserved judgment but did not reject a bill out of hand.

“We all need to look at this and understand what’s in it,” Sen. Tina Smith (D-Minn.) told E&E News. “It seems to me that a basic point is that there are ways to streamline permit processing without lowering environmental standards. That’s important.”

Smith pointed to efforts first launched under the Obama administration to help streamline some reviews of transportation projects. Congress passed the reforms as part of the Surface Transportation Reauthorization Bill of 2015, and some, like Sen. Mark Kelly (D-Arizona), have in recent weeks expressed support for the passage of measures to to strengthen these provisions.

Even so, other Democrats closer to environmental review processes said they were skeptical.

“Any compromise will have winners and losers, so it’s important that we see all the details before declaring victory,” said Rep. Raúl Grijalva (D-Arizona), chairman of the House Natural Resources Committee, in a statement. communicated.

He said he was particularly concerned that the bill’s mention of “comprehensive permit reform” was only a “understatement for gutting our most basic environmental and health protections. public, such as the National Environmental Policy Act”.

“There is no doubt that the urgency of the climate crisis requires swift action, but it would be counterproductive to permanently jeopardize the very laws that protect us and our planet,” he said. .

Trust issues for Republicans

Sen. Kevin Cramer (RN.D.) at the Capitol. | Francis Chung/E&E News

Republicans had similar mixed reactions.

Sen. Kevin Cramer (RN.D.) told reporters he expected Republicans to balk at the proposed reforms. He alleged that Democratic administrations would not follow through on the changes, regardless of the action.

“Here’s my concern about it: We have a lot of reforms allowing the infrastructure bill that the Department of Transportation and others are just ignoring,” Cramer said. “And that’s what bureaucracy always does. They ignore permitted reforms because it is their power base.

“I don’t know if we could ever trust a Democratic administration to do anything to help expedite or streamline licensing,” Cramer added.

He has been one of the strongest advocates for changes to the way the federal government conducts environmental assessments. Proponents of the reform say delays in reviews have caused project deadlines to stretch years beyond what is reasonable.

The issue was a core tenet of the bipartisan energy gang Manchin formed in May, but ultimately failed after Manchin returned to the table in reconciliation talks.

“We had a pretty good idea of ​​the kinds of reforms we’ll be talking about: NEPA reform, streamlining things, doing things concurrently rather than back-to-back and all in a string of them,” Cramer said of his experience. with these talks. . “I’m pretty sure it wouldn’t take long for smart people to come up with a package.”

Other Republicans seemed more eager to embrace the reforms.

“We have to see what’s in there, but hey,” Sen. Dan Sullivan (R-Alaska) said of his interest.

Sullivan, for his part, intends to push as early as next week for a resolution of the Congressional Review Act that would seek to reverse changes made by the Biden administration to allow the streamlining of reforms put in place under the Trump administration.

Sen. Bill Cassidy (R-La.) has also expressed willingness to back a deal.

“If it’s moved on to something else that we’re going to vote for, and if not this bill stands on its merits, of course I would support it,” Cassidy told reporters.

Like Cramer, Cassidy cautioned that he would want to see the specifics first, particularly if permission decisions would be tied to any type of schedule.

Given the political maneuvering on fossil fuels that culminated in a deal with Manchin, Cassidy said he doesn’t trust the Biden administration not to slow down permits.

“Unless there is some kind of shot clock – you have to accomplish it with this amount [of time] – I don’t trust them,” Cassidy said. “Why should we trust them? They just lied to the American people that they were doing everything possible to lower the price of fuel.

Towards a “real reform”

Lobbyists also suspected that allowing changes wouldn’t be enough to convince Republicans to back something so politically hot.

“Granted, it’s difficult with a divisive reconciliation so close to an election separating political expediency from real reform,” said Alex Herrgott, who founded the Permitting Institute after leading the White House Permitting Board of Trump.

He said he was going to the White House today to brief officials on the details of the clearance.

“Just like the last administration, there are smart people in positions of power who have shown us they want to make a difference,” he said.

In a similar vein, Earthjustice Chair Abigail Dillen said, “We are past the deadline to address the climate crisis”, but stressed the importance of community input in the large infrastructure.

“At Earthjustice, we stand ready to fight all efforts to erode our fundamental environmental protections in the name of climate action,” she said.

Already, sweeping reforms to “streamline” environmental review have been included in the infrastructure law enacted last fall. These included making permanent the White House permit board — hated by some Greens for seeking to speed up environmental review — and setting two-year timeline goals.

A bipartisan group of senators including Manchin and Sen. Kyrsten Sinema (D-Arizona) backed the effort at the time.

The provisions drew anger from environmentalists who believed the actions would weaken environmental scrutiny under NEPA, which requires the government to analyze climate and community impacts for major projects like bridges and pipelines.

Journalists George Cahlink and Nico Portuondo contributed.

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Enbridge (NYSE:ENB) cut to hold at US Capital Advisors https://stormfieldservicesllc.com/enbridge-nyseenb-cut-to-hold-at-us-capital-advisors/ Wed, 27 Jul 2022 08:29:47 +0000 https://stormfieldservicesllc.com/enbridge-nyseenb-cut-to-hold-at-us-capital-advisors/

US Capital Advisors cut shares by Enbridge (NYSE: ENBGet a rating) (TSE: ENB) from an overweight rating to a hold rating in a research report sent to investors on Tuesday morning, Fly reports.

Several other analysts have also recently published reports on ENB. National Bank Financial raised its price target on Enbridge shares from C$57.00 to C$60.00 in a report released Monday, May 9. Royal Bank of Canada raised its price target on Enbridge shares from C$60.00 to C$65.00 in a report released Monday, May 9. Scotiabank raised its target price on Enbridge shares from C$58.00 to C$62.00 in a report released Tuesday, April 19. Morgan Stanley raised its price target on Enbridge shares from C$60.00 to C$67.00 in a Tuesday, April 26 research report. Finally, TD Securities raised its price target on Enbridge shares from C$61.00 to C$62.00 in a Monday, May 9 research report. Seven analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, the company currently has a Moderate Buy average rating and an average price target of $58.04.

Enbridge trades down 0.4%

NYSE ENB opened at $43.82 on Tuesday. The company’s fifty-day simple moving average is $43.50 and its 200-day simple moving average is $43.69. Enbridge has a 52-week low of $36.21 and a 52-week high of $47.67. The company has a current ratio of 0.68, a quick ratio of 0.60 and a debt ratio of 1.23. The stock has a market capitalization of $88.73 billion, a P/E ratio of 19.14, a PEG ratio of 3.06 and a beta of 0.78.

Enbridge (NYSE: ENBGet a rating) (TSE:ENB) last released its quarterly results on Friday, May 6. The pipeline company reported earnings per share (EPS) of $0.66 for the quarter, missing the consensus estimate of $0.67 per ($0.01). The company posted revenue of $11.92 billion in the quarter, versus analyst estimates of $8.76 billion. Enbridge had a net margin of 12.20% and a return on equity of 10.40%. In the same period a year earlier, the company had earned earnings per share of $0.62. Equity research analysts expect Enbridge to post EPS of 2.34 for the current fiscal year.

Enbridge cuts its dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Friday, May 13 received a dividend of $0.669 per share. The ex-dividend date was Thursday, May 12. This represents a dividend of $2.68 on an annualized basis and a dividend yield of 6.11%. Enbridge’s dividend payout ratio (DPR) is currently 116.16%.

Institutional investors weigh in on Enbridge

A number of hedge funds have recently changed their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings of Enbridge shares by 11.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,045,256 shares of the pipeline company valued at $86,432,000 after purchasing an additional 202,103 shares in the last quarter. First Citizens Bank & Trust Co. increased its equity stake in Enbridge by 43.2% during the second quarter. First Citizens Bank & Trust Co. now owns 10,298 shares of the pipeline company valued at $435,000 after buying 3,107 additional shares in the last quarter. Mastrapasqua Asset Management Inc. acquired a new equity stake in Enbridge during the second quarter valued at approximately $660,000. Brendel Financial Advisors LLC purchased a new equity stake in Enbridge during the second quarter valued at approximately $2,021,000. Finally, ARGI Investment Services LLC increased its equity stake in Enbridge by 4.8% during the second quarter. ARGI Investment Services LLC now owns 13,450 shares of the pipeline company valued at $568,000 after buying 616 additional shares in the last quarter. Institutional investors hold 53.23% of the company’s shares.

Enbridge Company Profile

(Get a rating)

Enbridge Inc operates as an energy infrastructure company. The Company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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Tight housing market limits impact of energy efficiency disclosures https://stormfieldservicesllc.com/tight-housing-market-limits-impact-of-energy-efficiency-disclosures/ Mon, 25 Jul 2022 13:10:25 +0000 https://stormfieldservicesllc.com/tight-housing-market-limits-impact-of-energy-efficiency-disclosures/

EFFICIENCY: New rules requiring sellers of Twin Cities homes to disclose energy efficiency scores have so far had little impact on buyer decisions due to the tight housing market and other factors. (Energy Information Network)

SOLAR:
• Wisconsin regulators will hear testimony this week about the legality of third party solar financinga concept that has met with strong opposition from state utilities. (Milwaukee Journal Sentinel)
• A team of undergraduate students from the University of Michigan will conduct a solar powered car 3,000 miles from New Jersey to California. (Detroit Free Press)
• Oneida Nation officials are considering using federal grants to install a solar project on the tribe’s Wisconsin reservation. (Green Bay Press Gazette)

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Explore pressing energy efficiency issues facing Missouri and the Midwest during the Midwest Energy Policy Series, August 16 in Columbia, Missouri or virtually. Join policymakers, businesses, advocates and regulators to broaden your perspectives through diverse and fact-based discussions. register today.

GRID:
• As a board of directors of the network manager MISO prepares to vote today on a $10.4 billion long-term transmission plan and 18 projectsconsumer groups file a complaint denouncing an “anti-competitive” planning process. (RTO Insider, subscription)
• Tech experts say Wisconsin “could really benefit” to use freeway rights-of-way for underground transmission lines coupled with broadband Internet infrastructure. (Milwaukee Journal Sentinel)
• A Michigan energy regulator host a discussion on electrical capacity, but says the state’s power grid isn’t likely to run out in the short term. (MiBiz)

OIL GAS: Last year’s $4.7 billion federal infrastructure act to cap orphan oil and gas wells in the United States will only be enough to scratch the surface of the problem, an analysis shows. (Bloomberg’s Law)

ELECTRIC VEHICLES: Chicago, Kansas City and St. Louis are among the US cities where Amazon and Rivian will soon be rolling out personalized products electric delivery vehicles. (ROI5)

COAL: Local officials approve plans to redevelop part of a former coal-fired power plant in Wisconsin into an industrial park. (Kenosha News)

PIPES:
• Nebraska Landowners Raising concerns on a project to convert a nearly 400-mile gas pipeline to transport carbon dioxide. (Lincoln Journal Star)
• The Keystone Pipeline resumption of typical operations over the weekend after a transformer station in South Dakota was vandalized the previous week. (S&P Global)

RENEWABLES: Community members in Columbia, Missouri are again put pressure on local elected officials adopt a 100% clean energy plan by 2030. (Columbia daily column)

UTILITIES: CenterPoint Energy shareholders widely opposed a new executive compensation structure as customers face rising natural gas bills. (Star Tribune)

HYDROELECTRIC: The Minnesota Legislature recently adjourned before approving $2.2 million to pay for repairs to a hydroelectric dam, frustrating local authorities. (Central West Tribune)

WIND: A county in northwestern Illinois is the site of several new wind farm developments. (Republic of Geneseo)

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COMMENT:
• A current university researcher and a recently retired researcher state that small modular nuclear reactors “have the same economic and environmental risks like their larger predecessors and make no sense for Iowa. (Cedar Rapids Gazette)
• A columnist claims that the abandonment of MidAmerican Energy’s plans for a Wind project of 30 turbines in Iowa is the “latest example of rural backlash against the encroachment of large-scale renewable energy projects. (Forbes)
• Iowa Business for Clean Energy executive director says MidAmerican Energy $3.9 billion clean energy spending plan needs careful scrutiny from state regulators. (Des Moines Registry)

Learn more about Energy News Network: Midwest | Southeast | Northeast | West

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Daily gas flow from Russia to Europe at 4-year low https://stormfieldservicesllc.com/daily-gas-flow-from-russia-to-europe-at-4-year-low/ Sat, 23 Jul 2022 10:25:08 +0000 https://stormfieldservicesllc.com/daily-gas-flow-from-russia-to-europe-at-4-year-low/

ANKARA:

The flow of natural gas from Moscow to Europe has fallen to the lowest levels in four years, below 100 million cubic meters since the beginning of July, against quantities ranging from 400 to 500 million cubic meters per day.

According to data from the International Energy Agency (IEA) and the Ukrainian transmission system operator, Europe imported 155 billion cubic meters of natural gas from Russia, which corresponds to around 40% of consumption of natural gas from the continent last year.

Russia, which sends natural gas to Europe via Ukraine, also transports natural gas to Europe and Turkey using the TurkStream, Nord Stream 1, Yamal and Blue Stream gas pipelines.

However, since the start of the war with Ukraine, its exports to Europe have fallen significantly from highs reached in October 2019 of more than 500 million cubic meters, IEA data confirms.

From February 24 of this year, with the start of Russian attacks in Ukraine, the reduction of throughput passing through Ukraine and the cessation of transport from the Nord Stream-2 gas pipeline, the decline accelerated and fell to 200 million cubic meters at the end. of May.

This flow fell further to 100 million cubic meters in early July, marking an 80% drop from the record high of 500 million cubic meters.

The reduction in capacity of the Nord Stream 1 gas pipeline has been decisive in the drop in gas flows. Russian Gazprom had warned on June 15 against reducing shipments through the pipeline, citing the non-return of technical equipment needed for maintenance from the German company Siemens.

The pipeline, which can transport 160 million cubic meters of gas per day, only transmits 65 million cubic meters of natural gas per day from July 21.

Europe continues its plan to wean off Russian gas supplies

With Europe heavily dependent on Russian energy, the EU accelerated its efforts to diversify its supplies and sought alternatives by buying liquefied natural gas (LNG) and filling natural gas storage tanks when needed. possible from the current occupancy rate of 64%.

To this end, a Memorandum of Understanding has been signed between the EU and Baku for more gas purchases from Azerbaijan to alleviate shortages during the winter season.

However, despite having nine LNG import terminals in Europe, the UK and Turkey, Germany, one of the largest importers of Russian gas, is unable to benefit from these facilities because it only imports gas by pipeline.

Spain’s highest LNG import capacity of around 70 billion cubic meters has a limited gas transmission link to other European countries, notably France, which has no connection preventing the transmission to other neighboring countries.

Although Germany has access to LNG terminals in the Netherlands, it is insufficient for the country’s demand.

During former US President Donald Trump’s tenure, the construction of an LNG import terminal was pushed forward by US pressure on Germany, but the process was put on hold for financial reasons. After the war between Moscow and Kyiv, the issue resurfaced and Germany finally agreed to build LNG terminals.

To alleviate shortages, the EU has demanded that all member countries reduce their gas consumption by 15% as part of the contingency plan it has prepared against the possibility of an interruption in the flow of natural gas from from Russia on July 20.

However, Spain was the first to respond to this with a statement by Spanish Environment Minister Teresa Ribera, who said that “no matter what happens, gas and electricity for Spanish families will not be not cut. Whatever happens, Spain will defend the position of Spanish industry.

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The CC circuit authorizes the maintenance of the pipeline certificate, accepting pre-export agreements as proof of need https://stormfieldservicesllc.com/the-cc-circuit-authorizes-the-maintenance-of-the-pipeline-certificate-accepting-pre-export-agreements-as-proof-of-need/ Thu, 21 Jul 2022 19:28:52 +0000 https://stormfieldservicesllc.com/the-cc-circuit-authorizes-the-maintenance-of-the-pipeline-certificate-accepting-pre-export-agreements-as-proof-of-need/

On July 8, 2022, the United States Court of Appeals for the District of Columbia Circuit (“DC Circuit”) issued its decision in City of Oberlin, Ohio c. FERC, a proceeding dealing with whether FERC properly granted NEXUS Gas Transmission, LLC (“Nexus”) a certificate of public convenience and necessity to construct and operate a natural gas pipeline that will facilitate exports to Canadian markets ( “Project”). The Court upheld the certificate.

In November 2015, Nexus filed an application for the construction of a new pipeline that will provide up to 1.5 Bcf/day of firm transportation service from supply areas in the Appalachian Basin to consumer markets in Ohio and Michigan, and to the Dawn Hub, where the gas is piped. traded across the Canada-US border. As part of its application, Nexus entered into eight pre-arranged agreements (long-term contracts with shippers) representing approximately 60% of the total pipeline capacity, including two with Canadian companies that will serve customers in Canada. After FERC granted the certificate to Nexus, the City of Oberlin (“Oberlin”) requested a DC Circuit review, challenging FERC’s reliance on previous export agreements as evidence of “need” for the pipeline as unjustified and unlawful under Section 7 of the Natural Gas Act (“NGA”). The Court agreed and sent the proceedings back to FERC. On Remand (“Reminder Order”), FERC confirmed the issuance of its certificate and provided additional explanations as to why its credit from previous export agreements was legal.

The DC Circuit’s July 8 decision rules on Oberlin’s second motion for review, which challenged FERC’s remand order. First, Oberlin argued that the removal order was contrary to law because gas for export is not traded interstate and therefore FERC could not consider exports when assessment of a certificate under Section 7. Oberlin argued that FERC should have analyzed the project as an export facility under Section 3 of the NGA if it had wanted to rely on export agreements to reach its decision. Oberlin also claimed that FERC’s decision was arbitrary and capricious.

The Court disagreed. With respect to Oberlin’s first claim, the Court found that FERC had properly analyzed the project under Section 7. The Court found that where “gas for export is blended with intended for domestic use, between States”, this mixed gas intended for export “became interstate gas itself. Thus, the Court determined that the previous export agreements were part of interstate commerce. Because section 7 allows FERC to consider all factors that may affect the public interest, the Court found that FERC’s review of export agreements was appropriate.

The Court also held that FERC reasonably justified its review of the export agreements because FERC: (1) relied on a congressional ruling that exports to free-trade countries like Canada are beneficial to the public and are therefore in themselves in the public interest under section 3; (2) describes a series of national benefits resulting from increased gas transportation, regardless of where the gas will ultimately be consumed; (3) explained that these particular previous export agreements demonstrated a need for additional transport capacity to the Dawn hub, which served national interests; and (4) explained that export agreements did not violate the levies clause because they “served a public use”.

Finally, the Court upheld FERC’s alternative explanation that the Project meets the requirements of Section 7, namely that the Project will relieve a capacity bottleneck by facilitating shipments from the Appalachian Basin to markets. of the Midwest.

A copy of the DC circuit decision can be found here.

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Greece-Bulgaria gas pipeline could extend natural gas supply to Moldova and Ukraine https://stormfieldservicesllc.com/greece-bulgaria-gas-pipeline-could-extend-natural-gas-supply-to-moldova-and-ukraine/ Wed, 20 Jul 2022 10:32:00 +0000 https://stormfieldservicesllc.com/greece-bulgaria-gas-pipeline-could-extend-natural-gas-supply-to-moldova-and-ukraine/

SOFIA (Bulgaria), July 20 (SeeNews) – ICGB, the project company of the Greece-Bulgaria Interconnector (IGB), intends to offer all unreserved capacities to interested parties once the pipeline is operational and that some suppliers will be able to choose to deliver gas to Moldova and Ukraine, the ICGB’s managing director on the Bulgarian side, Teodora Georgieva, told SeeNews in a recent interview.

However, as operator of the pipeline, ICGB has no way of guaranteeing that this capacity will be used for this purpose, Georgieva added.

Earlier this month, Bulgaria and Greece completed construction of a 220 million euro ($223.1 million) gas link with an annual capacity of 3 billion cubic meters (bcm). The link is connected to the Trans-Adriatic Gas Pipeline (TAP), allowing additional quantities of gas from Azerbaijan that arrive at Greek ports to be routed to Italy and the wider South Eastern Europe (SEE) region. . It will also allow the flow of liquefied natural gas to Bulgaria and SEE from the Greek LNG terminal in Alexandroupolis, paving the way for potential future LNG imports from the United States, Algeria, Qatar, Egypt and other suppliers. The pipeline is seen as a crucial part of European Union plans to forego Russian gas supplies entirely by 2030 and beyond.

Up to 1.57 billion cubic meters of capacity on IGB has already been secured under long-term contracts of up to 25 years, with some companies making their debut in the Bulgarian market. In addition to the public supplier Bulgargaz, its Greek counterpart DEPA and the Italian energy company Edison have reserved long-term capacities, in addition to the Azerbaijani public supplier Socar, which will supply 1 billion cubic meters per year. The American Linden Energy, which is awaiting regulatory approval to buy 50% of the Bulgarian gas supplier Overgas, must also reaffirm its commitment to take 10% of IGB’s volume.

The remaining capacity will be offered to all interested parties via the European platforms PRISMA and RBP.

“Interest in the project was high even when it was launched, but now, when the international environment has completely changed following the war in Ukraine and the bypassing of Russian gas as an energy source, interest for the IGB is increasing and I believe the project will quickly reach full capacity,” noted Georgieva.

ICGB received official certification as an independent transmission operator from Greek and Bulgarian energy regulators last week, after construction of the pipeline was completed earlier in July.

At the time, Romanian Prime Minister Nicolae Ciuca said the interconnector will allow Romania to supply gas to Ukraine and Moldova, via the BRUA gas pipeline which is connected to IGB.

With the EU having set a requirement that gas storage facilities in all member states be at least 80% full by November 1, the overriding question is when the IGB will start commercial operations at the latest. early.

Greek construction and engineering company AVAX has yet to finalize the integration and testing of the automatic pipeline control system, SCADA, while the Bulgarian construction supervision agency is to give the go-ahead , followed by similar steps on the Greek side, explained Georgieva.

“Commercial operation is scheduled for the end of September at the latest, in the event of a delay due to administrative procedures beyond the control of the company,” she said. If the political and institutional will were sufficient to shorten the many time-consuming administrative steps, commissioning could take place earlier, at the end of the summer and well in time for the next heating season. Efforts at all levels are focused on an earlier start, Georgieva stressed.

Asked how to actually achieve IGB’s potential capacity of 5 billion cubic meters per year, Georgieva said this would require the construction of a gas compressor station at Komotini in Greece, a decision that would depend on sufficient commitments for larger transfer volumes by merchants.

“In the event that the market shows greater interest in IGB’s initial capacity of 3 billion m3, we will do everything necessary to meet demand as soon as possible.”

Events unfolding in Ukraine have greatly accelerated this process and ICGB has been in talks with DESFA over the past few months about the potential compressor station, which would expand DESFA’s own infrastructure while also allowing direct imports into Bulgaria to from Revithoussa’s liquefied natural gas (LNG) Terminal.

The optimal solution would be for DESFA to complete the compressor station at the same time as the future LNG terminal in Alexandroupolis, connecting the IGB to it, which would then create a new direct gas supply route to Europe, added Georgiava.

The construction of the Alexandroupolis LNG terminal, with an annual capacity of 6 billion m3, and the 10.2 billion m3 per year terminal at Saros in Turkey, will provide additional boosts to energy diversification and security in the wider SEE region, as well as the use of the Trans Balkan pipeline’s free capacity and the doubling of TAP’s capacity to 20 bcm per year.

($ = 0.97734 euros)

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Climate cause and effect: Floods and pipeline leaks raise concerns | Local News https://stormfieldservicesllc.com/climate-cause-and-effect-floods-and-pipeline-leaks-raise-concerns-local-news/ Mon, 18 Jul 2022 02:30:00 +0000 https://stormfieldservicesllc.com/climate-cause-and-effect-floods-and-pipeline-leaks-raise-concerns-local-news/

Two Winston-Salem situations about a mile apart but separated by several years amplify the impact of energy choices on communities and the climate.

One pointed to the risks posed by natural gas and other fuels flowing unseen in buried pipelines.

The other was a reminder that extreme weather caused by climate change – caused in large part by the burning of these same fossil fuels – poses a threat to the facilities we rely on to provide our drinking water and process waste.

“Gravity Fed”

On July 5, as evening thunderstorms dumped more than 2 inches of rain over a two-hour period, a swollen Salem creek struggled to absorb accumulated runoff from nearby Griffith Road in the southwest of Winston-Salem.

With nowhere to go, the growing flood followed the path of least resistance and let gravity guide it to the lower ground – which turned out to be Winston’s Archie Elledge sewage treatment plant. Salem/Forsyth County Utilities Archie Elledge.

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Floodwaters flow into Forsyth County’s Archie Elledge Wastewater Treatment Plant on Griffith Road in Winston-Salem on July 5.


Anthony BumbleBe Warren, contributed


Facility operations were not affected, spokeswoman Gale Ketteler said. But video shared on social media showed muddy water flowing through the complex into a storage pond at ground level. It’s a reminder of potential threats to infrastructure from climate change, experts who viewed the footage told the Winston-Salem Journal.

Many “gravity-fed” treatment systems are built on low sites so that wastewater naturally flows to the facility, explained Austin Thompson, co-author of a 2021 study from the Environmental Finance Center of the United States. ‘UNC-Chapel Hill on Utilities Flooding Vulnerabilities.

The Archie Elledge facility, just over 700 feet above sea level, sits in a designated floodplain in one of the lowest areas in the county.

“That basically means they’re very susceptible to flooding because water rushes into the same place during storms,” ​​Thompson, now a doctoral student at NC State University, said of facilities like Archie Elledge.

This plant, which opened in 1958, has the capacity to treat 30 million gallons of wastewater per day. The treated water is discharged into Salem Creek.

While sewage treatment facilities are traditionally located in low-lying areas, many are built with safeguards to protect them from flash floods like the one on July 5, Thompson noted.

That’s the case locally, said Winston-Salem/Forsyth County Utilities spokesperson Gale Ketteler.

“Our engineers design wastewater treatment plants for these types of rain events,” she explained in an email. “No tanks or processing equipment in the plant were affected (July 5). If we had a major flood, it could enter our reservoirs, but it would be held in the plant system. »

However, climate change is already changing the meaning of “major”.

Hurricanes Matthew in 2016 and Florence in 2018 produced unprecedented rainfall over large parts of North Carolina.

Florence, which lingered for days, dumped more than 30 inches of rain in some areas, where an estimated 121 million gallons of untreated and partially treated sewage were discharged from more than 200 water treatment systems wastewater, according to “Flood Resilience and NC Water and Wastewater”. Utilities”, the study co-authored by Thompson.

The North Carolina Climate Science Report, released in 2020 by the NC Institute for Climate Studies, predicted that flooding in the state will become more frequent and severe as extreme rainfall events increase over time. always warmer. The report predicts temperature increases of at least two degrees in the state by mid-century.

Asked about Winston Salem/Forsyth County Utilities preparations for future extreme rainfall events, Ketteler declined to elaborate.

“For a catastrophic flood, like a hurricane that shuts down everything across the county, you’re asking about a hypothetical situation,” Ketteler replied. “Rest assured that we have emergency response plans in place for a variety of scenarios and are conducting exercises with emergency management. For security reasons, we are not free to share this information as it is federally protected.

Former Environmental Protection Agency Deputy Administrator Stan Meiburg, who now heads Wake Forest University’s sustainability graduate program, visited Archie Elledge’s factory and said that the Utilities Department had moved some pumps and electrical systems to higher ground years ago, but parts of the facility “would be at risk in the event of high enough flooding.

Local officials expect more flooding around the plant.

The city of Winston-Salem plans to erect “Road prone to flooding” signs at the north and south approaches to the area, and plans to install a guardrail on Griffith Road to protect drivers when the water is high, Winston-Salem field operations director Keith Huff said Friday.

Bad pipe

In 2017, about a mile west of Archie Elledge’s facility, Winston-Salem city workers attempted to tap into what they believed to be a water main on Jonestown Road.

It turned out to be a gas pipeline.

The error led to a leak of 91,000 cubic feet of gas, enough to serve 500 average American homes for one day.

It was one of 32 gas pipeline leaks in North Carolina and nearly 2,600 nationwide over the past decade, according to a recently released report by the North Carolina Public Research Group and Environment North Carolina. Research & Policy Center.

Nationwide, 328 of the leaks resulted in explosions and fires that killed 122 people and injured 603, the authors found in their search of records from the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration. .

In North Carolina, five explosions, two deaths and nine injuries have been linked to gas pipeline leaks from 2010 to 2021, the report said.

Four leaks – none resulting in explosions, injuries or fatalities – have been recorded in the Triad in the past five years. They were all in lines directly or indirectly related to the Transco pipeline, which crosses the area diagonally on its course from Texas to New York.







#12327_071722_copy of pipeline leaks

In addition to the Forsyth incident, two leaks have been identified in Guilford and one in Rockingham County.

More natural gas is expected to flow into the state.

The Williams Companies, owners of the Transco Pipeline, last month announced plans for $212.5 million in upgrades in North Carolina to increase deliveries to Piedmont Natural Gas by 423 million cubic feet per day.

Gas and climate change

The release of the leak report comes amid growing debate over the role natural gas should play in the clean energy shift.

Many electric utilities, including Duke Energy, North Carolina’s largest, are looking to increase gas capacity as they shut down coal-fired plants.

Natural gas represents more than a third of Duke’s current energy production. The company has proposed adding 2,000 megawatts of gas-fired generation as it strives to meet state requirements to cut carbon dioxide emissions by 70% from 2005 levels by the end of the year. end of this decade and achieve carbon neutral status by 2050.

Gas-fired power plants emit about half the carbon dioxide of those that burn coal. That’s not enough for many critics who insist that production that still emits greenhouse gases is proof of Duke’s lack of commitment to clean energy.

Duke counters that natural gas replaces the reliability lost by eliminating coal-burning operations and unavailable with solar and wind power.

“Whether it’s coal emissions, methane from natural gas; whether it’s mining implications, for materials that may be needed for renewables and batteries, there’s no solution without some form of environmental impact or impact that we have to face it,” Lynn Good, CEO of Duke Energy, said Wednesday during an interview for the CNBC Evolve Global Summit. “It’s our commitment, as we continue this transition to clean energy, that we take all of these things into consideration and deliver them in a way that our customers expect.”

Last month’s leak report says building new gas-fired power plants will result in a low utility return on investment — in many cases, funded by rate increases for customers — because the facilities will have a lifespan. limited.

Duke’s new natural gas facilities will eventually be able to burn carbon-free hydrogen, likely by 2035, the company says.

Critics also argue that the reliability of natural gas is offset by the volatility of fuel costs.

why is it important

The electric power generation sector is the second largest producer of greenhouse gases in North Carolina, so the state’s commitment to reducing emissions from power plants is essential in efforts to minimize rising temperatures which, according to climatologists, are already fueling more destructive storms, heavier rainfall, increased floods and extreme droughts.

Duke Energy submitted a proposal to the NC Utilities Commission in May outlining how it would meet state emissions requirements for 2030 and 2050.

The commission has until the end of the year to approve the carbon plan submitted by Duke, incorporate elements of several alternative proposals submitted by “stakeholders” or come up with its own version.

Natural gas released from transmission pipelines also directly contributes to climate change, the study notes.

Gas leaks reported to the federal government resulted in the release of 26.6 billion cubic feet of methane from 2010 through October 2021, equivalent in its global warming effects to emissions from more than 2.4 million passenger vehicles driven for a year, according to the study.

Methane is responsible for about a quarter of human-induced climate change.

“With growing awareness of the impact of methane leaks on the climate and with the growing availability of safer alternatives, it is clear that gas has no place in a modern clean energy grid” , insist the authors of the study.

John Deem covers climate change and the environment in the Triad and Northwestern North Carolina. Her work is supported by a grant from the 1Earth Fund and the Z. Smith Reynolds Foundation.

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HYDE-SMITH wants to turn on the pumps for oil and gas production in the United States https://stormfieldservicesllc.com/hyde-smith-wants-to-turn-on-the-pumps-for-oil-and-gas-production-in-the-united-states/ Thu, 14 Jul 2022 21:09:50 +0000 https://stormfieldservicesllc.com/hyde-smith-wants-to-turn-on-the-pumps-for-oil-and-gas-production-in-the-united-states/

WASHINGTON DC- U.S. Sen. Cindy Hyde-Smith (R-Miss.) stresses that oil and gas production must remain an important part of the U.S. energy portfolio despite continued Democrat efforts to ditch U.S. fossil fuels.

Hyde-Smith used an Energy and Natural Resources Subcommittee hearing titled “Pathways to lower energy prices” a focus on undermining domestic energy production in the United States undermines efforts to lower energy prices, improve the economy, and ensure the nation’s security.

“We are going to have to have real solutions with everything that is on the table taken into account”, Hyde Smith said. “We have seen this year and last year that the US fossil fuel industry has been attacked by conflicting energy policies, executive orders and federal regulations designed to cripple these industries. These actions contribute to the instability and unpredictability of the energy market as a whole.

Ron Ness, chairman of the North Dakota Petroleum Council, testified in favor of producing “American energy of all types” but criticized the actions of the Biden administration to “retreat or walk away from our industry” to start with the cancellation of the Keystone Pipeline XL and leases on federal lands.

“Everything has been slowed down, and now we see the progression of climate requirements into permits, leases – all the arrangements that operators have to make to get those permits and come up with a development plan that they can then take to Wall Street to attract the kind of capital they need to drill and develop oil production in our country,” ness said.

Hyde-Smith spoke about the need for Congress to authorize critical energy infrastructure projects to support energy generation, processing and delivery.

Testimony from Julie Fedorchak, President of the North Dakota Public Service Commission, addressed the need for a diverse energy portfolio and infrastructure to support reliable transmission and more affordable electricity rates in different regions from the country.

“We need battery storage and you can’t compare a place like Hawaii and North Dakota,” Fedorchak said. “The technology just doesn’t exist today to make this possible with 100% renewable energy. We must have distributable resources fueled by our fossil fuels for the indefinite future until technology allows us to wean them off.

In the testimony filed, Fedorchak added“My first plea to you is this: We need to be honest with American citizens. Transitioning our grid to 100% renewable energy may be achievable and, for many, desirable, but it won’t cut costs for anyone, especially over the next 25 years.

A tan previous hearing On Wednesday, Hyde-Smith addressed the Biden administration’s proposed five-year offshore lease program, in which the Secretary of the Interior could choose not to allow new lease sales in the Gulf of Mexico from 2023. at 28.

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Robeco Institutional Asset Management BV holds a $15.84 million stake in The Williams Companies, Inc. (NYSE: WMB) https://stormfieldservicesllc.com/robeco-institutional-asset-management-bv-holds-a-15-84-million-stake-in-the-williams-companies-inc-nyse-wmb/ Mon, 11 Jul 2022 10:52:37 +0000 https://stormfieldservicesllc.com/robeco-institutional-asset-management-bv-holds-a-15-84-million-stake-in-the-williams-companies-inc-nyse-wmb/

Robeco Institutional Asset Management BV increased its stake in The Williams Companies, Inc. (NYSE: WMBGet a rating) by 2.3% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 474,134 shares of the pipeline company after purchasing an additional 10,865 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Williams Companies amounted to USD 15,842,000 when last filed with the Securities and Exchange Commission.

Other large investors have also recently increased or reduced their stake in the company. Gateway Investment Advisers LLC acquired a new position in Williams Companies in the first quarter valued at approximately $236,000. Benjamin F. Edwards & Company Inc. increased its stake in Williams Companies by 3,402.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,514 shares of the pipeline company valued at $170,000 after purchasing an additional 6,328 shares during the period. King Luther Capital Management Corp acquired a new position in Williams Companies in the fourth quarter, valued at approximately $516,000. Ensign Peak Advisors Inc increased its stake in Williams Companies by 143.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 419,696 shares of the pipeline company valued at $10,928,000 after purchasing an additional 247,533 shares during the period. Finally, Keudell Morrison Wealth Management increased its stake in Williams Companies by 24.5% in the first quarter. Keudell Morrison Wealth Management now owns 13,359 shares of the pipeline company valued at $446,000 after purchasing an additional 2,630 shares during the period. 86.10% of the shares are currently held by hedge funds and other institutional investors.

NYSE: WMB opened at $31.32 on Monday. The company has a debt ratio of 1.49, a quick ratio of 0.69 and a current ratio of 0.73. The company has a market capitalization of $38.15 billion, a PE ratio of 26.10, a PEG ratio of 5.77 and a beta of 1.20. The Williams Companies, Inc. has a 52-week low of $23.53 and a 52-week high of $37.97. The stock has a 50-day simple moving average of $34.04 and a 200-day simple moving average of $32.18.

Williams Companies (NYSE: WMBGet a rating) last released its quarterly results on Monday, May 2. The pipeline company reported earnings per share of $0.41 for the quarter, beating consensus analyst estimates of $0.36 by $0.05. The company posted revenue of $2.52 billion in the quarter, versus a consensus estimate of $3.19 billion. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. During the same period last year, the company earned earnings per share of $0.35. On average, research analysts predict The Williams Companies, Inc. will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 27. Shareholders of record on Friday, June 10 received a dividend of $0.425. The ex-dividend date was Thursday, June 9. This represents a dividend of $1.70 on an annualized basis and a yield of 5.43%. The Williams Companies dividend payout ratio is 141.67%.

Several stock analysts weighed in on WMB shares. Morgan Stanley raised its price target on Williams Companies from $34.00 to $40.00 and gave the company an “equal weight” rating in a Tuesday, April 26 research note. StockNews.com launched coverage on the Williams Companies in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Raymond James raised his price target on Williams Companies from $36.00 to $40.00 and gave the stock a “Strong Buy” rating in a Wednesday, April 20 research report. Credit Suisse Group raised its price target on Williams Companies from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 16. Finally, Mizuho raised its price target on Williams Companies from $35.00 to $39.00 in a Wednesday, May 4 research report. Five equity research analysts gave the stock a hold rating, nine gave the company a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.54.

In other Williams Companies news, please Debbie L. Cowan sold 36,228 shares of the company in a transaction that took place on Wednesday, June 8. The stock was sold at an average price of $37.75, for a total value of $1,367,607.00. Following the completion of the transaction, the Senior Vice President now directly owns 62,891 shares of the company, valued at $2,374,135.25. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. 0.43% of the shares are held by insiders of the company.

Company Profile Williams Companies (Get a rating)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through the Transmission & Gulf of Mexico, Northeast G&P, West and Gas & LGN Marketing Services segments. The Transmission and Gulf of Mexico segment includes the Transco and Northwest gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and commodity pipelines.

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Want to see what other hedge funds hold WMB? Visit HoldingsChannel.com for the latest 13F documents and insider trading for The Williams Companies, Inc. (NYSE: WMBGet a rating).

Institutional ownership by quarter for Williams companies (NYSE:WMB)



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