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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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Tri Cities Opera’s virtual vocal competition is underway

first_imgRozzoni says in a time where the arts and entertainment industry is struggling, he is pleased to bring live theater to life in innovative ways and also to give artists nationwide a platform. The first place winner will recieve a $3,000 prize and a chance to be given a contract role with Tri Cities. General Director for Tri Cities Opera John Rozzoni explained just how a virtual, vocal competition works: he said he and the other opera judges received first round submissions anonymously and the only grading criteria was the performer’s voice. The final concert can be streamed live on Sunday, Oct.18. You can find more information by clicking here. BINGHAMTON (WBNG) — Just three weeks ago Tri Cities Opera partnered with LUMA to bring a one-of-a-kind live, virtual opera experience. Now they’re at it again, but this time they’re putting on a virtual, vocal competition. From there, the competiton was narrowed down to 28 semi-finalists, who were asked to create introduction videos of themselves and a brief clip of them singing. Those videos were later posted on Facebook, encouraging audiences on social media to interact with them — and the most interactive post will also be presented with a social media award. The competition is a partnership with Visions Federal Credit Union.last_img read more

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