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Will Pipeline Market Correct Itself to Address Overbuilding?

first_img FacebookTwitterLinkedInEmailPrint分享By Duncan Adams for the Roanoke Times:One partner in the controversial Mountain Valley Pipeline project informed investors that “competition for pipeline infrastructure within the Appalachian Basin is intense” and warned that lack of access to such infrastructure could drag down company earnings.EQT Corp.’s annual report, filed Feb. 11, said investments in affiliate EQT Midstream, one partner in the 301-mile Mountain Valley interstate pipeline, should help yield the infrastructure desired.Yet a study by a Cleveland-based think tank that promotes renewable energy contends that natural gas pipelines out of the Marcellus and Utica shale formations in the Appalachian Basin are being overbuilt.David Messersmith, an educator with Penn State Extension’s Marcellus Education Team, said he believes the truth resides somewhere in the middle.“There is clearly a need for additional pipeline infrastructure, although perhaps not as much as is currently proposed,” he said. “This is a market-driven process, and we are perhaps beginning to see the market correct itself regarding pipeline capacity.”He cited a recent decision by Kinder Morgan and subsidiary Tennessee Gas Pipeline to suspend the Northeast Energy Direct interstate natural gas pipeline project. A statement from Kinder Morgan said it decided to suspend the 420-mile, $3 billion project because not enough customers had signed on to ship gas through the pipeline.“It wouldn’t surprise me to see additional projects in the Marcellus-Utica basin canceled or put on hold,” Messersmith said.The study suggesting that pipelines are being overbuilt was published by the Institute for Energy Economics and Financial Analysis at the request of Appalachian Mountain Advocates and Appalachian Voices, two nonprofit organizations opposed to both the Mountain Valley Pipeline and the separate Atlantic Coast Pipeline.Full article: http://www.roanoke.com/business/news/debate-over-overbuilding-raises-questions-about-pipeline-projects/article_8f5c9cec-447f-521e-b580-c9869e746723.html Will Pipeline Market Correct Itself to Address Overbuilding?last_img read more

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Former Santos FC player launches Football Academy in Kenya

first_imgAFTER establishing his academy in England where he nurtured and developed many players to gain access to premiership clubs, Peter Barry, a former player for Guyana’s Santos FC, recently journeyed to Kenya, Africa, where he established his Football Academy.“I tried many times, even through application process with no success to help and share my talent with Guyana football. So I turned to Africa where they welcomed my philosophy and experience with open arms,” Barry told Chronicle Sport.Barry said his “intentions are to give young African players the opportunity to play in Europe and help coaches enhance their qualifications.”Barry, who is a licensed coach in the United Kingdom, said he would have preferred to share his skills and expertise in Guyana since there is where he learnt most of his football.The UK-based Barry said he was very impressed with the talent in Africa and it’s as though he has found a gold mine.“My immediate goal is to nurture and develop the players there to European standards then open the doors for trials and exchange programmes for the youths in Africa,” said Barry.last_img read more

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Donegal man completes incredible 32-county adventure for charity

first_imgA young Letterkenny man is having a well-earned rest this week after finishing a charity cycle around Ireland.Luke Murphy, 22, a recent graduate of UCD, has been on the road for the past seven weeks on a mission to visit each of the 32 counties.The mammoth task took him 51 days, along with 25 nights of camping and 25 nights spent with hosts, family and friends.  And he has raised almost €1,000 along the way for the Ronald McDonald House at Our Lady’s Children’s Hospital, Crumlin.Luke received a warm welcome back home on Sunday as he completed the tour.Speaking to Donegal Daily, he said the inspiration for the trip was a mix of wanderlust and charity.“I didn’t really cycle before this, I just went out and did it,” he said. “I hitchhiked across America last year, which was a lot of fun and I suppose I got a travel bug from that.“I was exploring the globe a lot and I realised that I didn’t know Ireland very well.”Luke Murphy in Leitrim on his 32 county cycle. Photo: @lukeout97The cycling idea first came from the ‘Tour de Picnic’ charity cycle, which sees people cycling 80km to Electric Picnic in exchange for a festival ticket. Luke decided to go many miles further and do a sponsored cycle to every county instead.He said: “When I read up on the charities of the Tour I realised there was one I really believed in, the Ronald McDonald House. My parents would have used the house before, when their first born passed away. He was three years old and passed away from cancer, he would have been 35 now.”Luke Murphy at the Ronald McDonald House. Photo: @lukeout97With an important cause to spur him on, Luke made it through the many highs and lows of the journey. “It was a roller coaster,” he said.Luke made time to see the sights and meet many characters across the country. He also rewarded himself with a pint of Guinness in every county, but looking back, he said he couldn’t pick a favourite pour.“I could pick a few that weren’t all that great. It depended on the bar and who is serving it. I poured myself one in the Guinness Storehouse and that was a particularly good one,” Luke said.Luke Murphy at the Guinness Storehouse. Photo: @lukeout97After battling the elements, sore knees and hills, his final stretch turned out to be the most challenging. “The day before Letterkenny, I cycled along the Ulster coast and I was getting the ferry from Derry to Donegal. The next thing I know I’ve got a flat tyre. I hadn’t got a flat tyre since Cork. Then the other tyre explodes on me. The only spares I had were the ones that had busted before.“That five minutes to the ferry was one of the worst trips but I couldn’t give up. I had to do Malin to Mizen. Thankfully my dad came up to meet me at Malin and we eventually got sorted and cycled on up.”Luke Murphy in Kildare on his 32 county cycle. Photo: @lukeout97Luke Murphy in Kerry on his 32 county cycle. Photo: @lukeout97Luke Murphy in Mayo on his 32 county cycle. Photo: @lukeout97Cycling is ‘grand’, according to Luke, but carrying the weight of the gear was the biggest effort. And he’ll be hitting the road again at the end of the month to claim his well-earned Electric Picnic ticket.“The bottom line is that if you want to do something, just do it,” Luke said.If you would like to support Luke’s successful cycle, please visit: https://www.giv2go.com/fundraising-events/tour-de-picnic-2019-114/profile/Luke-12084Money raised will be donated to the Ronald McDonald House to support families with sick children.Donegal man completes incredible 32-county adventure for charity was last modified: August 7th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CHARITY CYCLEluke murphyronald mcdonald houselast_img read more

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