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US domestic natural gas producers were dealt yet another senseless gut punch

Posted by Richard640 @ 7:56 on February 7, 2022  

[FROM DOOMBERG]

Now for the crazy part.

Just days before the event at the White House, US domestic natural gas producers were dealt yet another senseless gut punch when a three-judge panel of the United States Court of Appeals for the Fourth Circuit revoked two federally approved permits to complete the critically important Mountain Valley Pipeline project, which is already 94% constructed. Here’s how RBN Energy reported on the developments:

For those holding onto a glimmer of hope that the long-delayed Mountain Valley Pipeline (MVP) — a big and important greenfield Appalachia natural gas takeaway project — would finally come to fruition this year, it’s safe to say those dreams were shattered last week. On January 25, the U.S. Court of Appeals for the Fourth Circuit vacated federal permits from the U.S. Forest Service and Bureau of Land Management that were needed to complete a 3.5-mile stretch of the mainline through the Jefferson National Forest along the West Virginia-Virginia border. The ruling said the permit approvals were premature — issued before the Federal Energy Regulatory Commission’s (FERC) environmental assessment — and failed to comply with the Forest Service’s 2012 Planning rule. The decision effectively sends the project back into the review process for the second time since construction began in 2018.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.