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Weekly Natural Gas Review - Business - Nairaland

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Weekly Natural Gas Review by kiakiagas: 12:39pm On Oct 07, 2020
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Re: Weekly Natural Gas Review by kiakiagas: 12:41pm On Oct 07, 2020
Reuters reports that Mountain Valley Pipeline is seeking federal regulatory approval to resume construction on the $5.4-$5.7 billion pipeline from West Virginia to Virginia by Sept. 25.

The Company said the approval will allow it to go ahead and complete several activities related to the project before winter, according to a filing with the U.S. Federal Energy Regulatory Commission (FERC) late on Tuesday.

Analysts at ClearView Energy Partners said on Wednesday they expect FERC will allow Mountain Valley to resume construction even though some environmental groups and others will oppose the return to work and the new Biological Opinion.
Re: Weekly Natural Gas Review by kiakiagas: 1:07pm On Oct 07, 2020
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Re: Weekly Natural Gas Review by kiakiagas: 1:08pm On Oct 07, 2020
Top Shipping Insurance Group Refuse to Cover Ships Linked to Nord Stream 2
Reuters reports that the world's largest group of shipping insurers have decided not to insure vessels participating in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects so as to avoid sanctions from the U.S.

This statement was made public by an associations which is a member of the International Group of P&I Clubs, with associations such as the Shipowners' Club and the London P&I Club. The statement said in a circular on Monday that it has no plans of providing "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".

It said members were "strongly urged to assess and mitigate the risks of entering into contracts on the Nord Stream 2 or TurkStream construction projects and exercise the fullest possible due diligence to avoid exposure to sanctions or enforcement actions".

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