THIS VIDEO PRODUCED BY INEOS WAS POSTED 10 MONTHS LATER IN JULY OF 2015, AFTER SUNOCO, RANGE RESOURCES AND INOES HAD US BY THE COGLIONE
“In September of 2011 at INOES Headquarters in Switzerland, a team of international partners was assembled…
100 LNG SUPERTANKERS FROM MARCUS HOOK TO EUROPE A YEARA deal was struck with oil company SUNOCO to pipe the gas, contracts with Range Resources to provide the gas, and Markwest to process it quickly followed…
In January of 2013 INOES agreed a deal with Danish shipping company EVERGAS.”
THE BIG MARKET FOR PENNSYLVANIA SHALE GAS IS EUROPE. IT WAS NEVER INTENDED TO CREATE JOBS IN SOUTHEAST PENNSYLVANIA. THIS VIDEO SHOWS HOW PENNSYLVANIA GAS WAS DELIVERED TO NORWAY:
WAS SUNOCO TRYING TO HIDE THE FACT THAT MARINER PIPELINE GAS IS PRIMARILY FOR EXPORT OVERSEAS?
AND THAT THE PROMISED MANUFACTURING JOBS IN PHILADELPHIA ARE GOING TO EUROPE AND ASIA?
"One (pipeline) is already under construction, a project dubbed Mariner East. Sunoco Logistics is repurposing an 83-year-old petroleum pipeline that, when finished, will pump 70,000 barrels per day of natural-gas liquids like propane and ethane — which is a crucial building block for the petrochemical industry — from Marcellus Shale fields in Southwest Pennsylvania to a Sunoco site in Marcus Hook."
BEFORE NATURAL GAS emerged as the ostensible savior of Philadelphia’s (and America’s) manufacturing sector, green energy was supposed to power an industrial revival. Before that, the Internet was supposed to make Philadelphia into the logistical beating heart of digital retail. And before that, there was surely another Next Big Thing that was destined to revive Philadelphia’s factories and economy, only it didn’t. So is the hype over natural gas really any different?
Boris Brevnov thinks so. At age 29, Brevnov was running Russia’s Unified Energy System (which is exactly as big a deal as it sounds), with a dedicated line to the Kremlin on his desk.
He was bounced from the position in a political dustup, eventually landed at Enron, then went on to specialize in mergers and acquisitions for a couple of big energy companies. Now Brevnov has put together a group of investors, under the name Liberty Energy Trust, that wants to buy the Philadelphia Gas Works. When I ask him if the energy-hub talk is realistic or boosterish fantasy, he tells me, in a pronounced Russian accent, “You have unique infrastructure in place. You have the largest LNG [liquefied natural gas] storage facility on the East Coast, you have a big logistics hub, you have the ports, and you have Marcellus, the biggest field anywhere, and it’s 100 miles away.”
Brevnov’s partner, Charlie Ryan, concurs. “I can invest anywhere, and so can Boris,” says Ryan, who runs a Russia-focused asset management company. “We absolutely believe it’s genuine. The reality is that it’s going to require a lot of investment and some intelligent public policy, but it’s not only possible; it’s a huge opportunity.”
"But instead of powering a local manufacturing boom — and creating tens of thousands of permanent, high-paying jobs — the gas is liquefied and exported, or minimally processed into plastics and industrial chemicals that are shipped off to other destinations where they’re made into consumer goods. In that scenario, Philadelphia absorbs almost all the environmental downsides, all the risks associated with large, dangerous petrochemical plants, with only a fraction of the job growth and economic impact boosters are hoping for."
Philadelphia is on the verge of a fracking-powered industrial boom that could fundamentally reshape the city’s economy, landscape and image.
By Patrick Kerkstra |