A Hong Kong-based company is seeking to build an $888-million liquefied-natural-gas terminal at Port Fourchon, the nation’s largest offshore oil-and-gas port. Energy World, operating as Fourchon LNG, would produce, export and use LNG to fuel the next generation of offshore supply vessels.
A logjam of construction approvals for major natural gas pipelines, liquefied natural gas facilities and other projects could loosen by the end of the summer if the Senate approves two Republicans whom President Trump nominated May 8 to the Federal Energy Regulatory Commission.
The $3 billion Atlantic Sunrise Project; the $455 million Northern Access project; and the $4.2 billion Rover pipeline will move natural gas from the Marcellus Shale region.
The Federal Energy Regulatory Commission on Jan. 25 granted a permit for Spectra Energy’s proposed Atlantic Bridge pipeline, a $450-million project set to expand natural-gas transport from the Marcellus shale region into New England and Canada.
Final approval of hundreds of interstate pipelines, transmission lines and
liquefied-natural-gas projects will be delayed for months because the Trump administration has changed leadership at the Federal Energy Regulatory Commission.
The Federal Energy Regulatory Commission has ordered the North American Electric Reliability Corp. to develop a new or modified reliability standard for industrial-control system hardware, software and computing and networking services associated with bulk-electric system operations.
A regulatory regime that facilitates pipeline construction with insufficient assessment of need is driving overbuilding that “puts ratepayers at risk of paying for excess capacity, landowners at risk of sacrificing property to unnecessary projects and investors at risk of loss if shipping contracts are not renewed and pipelines are underused,” according to a report from the Institute for Energy Economics and Financial Analysis.