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Leaders of Cyprus, Greece and Israel are planning to sign an agreement early in the new year for the construction of a new natural gas pipeline. In Athens on January 2nd, the Greek Prime Minister Kyriakos Mitsotakis, Cypriot President Nikos Anastasiades and Israeli Prime Minister Benjamin Netanyahu, will meet to sign the agreement. The deal will be finalized at a later date dependent on Italy’s signature, they have already expressed displeasure with the project earlier this year. The pipeline will transverse the Mediterranean from the Levantine Basin offshore gas reserve of Israel, to the Greek Island of Crete and the Greek Mainland, then to Italy. The EastMed Pipeline project has an estimated completion date of 2025.
As of August 24th, the 713 mile long Rover pipeline was approved to become fully operational beginning September 1st from the supply lines in Burgettstown, Pa and Majorsville, WV.
Natural gas continues to be an increasingly important force within the United States Energy sector, and Pennsylvania is a cornerstone state for natural Gas production. According to the EIA, only Texas is responsible for producing more natural gas than Pennsylvania in the United States. Mass energy producers need mass distribution networks, and the Atlantic Sunrise natural gas pipeline out of northeastern Pennsylvania will help distribute natural gas all along the eastern seaboard as far south as Alabama.
The Federal Energy Regulatory Commission (FERC) has given partial permission for the Mountain Valley Pipeline (MVP) stabilization plan to move forward. The MVP project is a natural gas pipeline system that spans 300 miles from Northwestern West Virginia to southern Virginia retrieving its supply from the Marcellus and Utica shale sites. The pipeline is part of a joint venture of EQT Partners, LP; NextEra US Gas Assets, LLC; Con Edison Transmission, Inc.; WGL Midstream; and RGC Midstream, LLC. The project is expected to supply up to two million dekatherms (dth) per day of transmission capacity to markets in the Mid- and South Atlantic regions of the US. With compressor stations located in Wetzel, Braxton, and Fayette counties of West Virginia.
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