Ohio, W. Va., Pa. working to develop NGL storage facility
Thursday, December 6, 2018
Ohio, Pennsylvania and West Virginia are combining efforts to develop natural gas liquids storage that is needed if ethane crackers are to be developed in the Appalachian Basin, according to Kallanish Energy.
Currently, Shell is building one cracker in Beaver County, Pennsylvania. Additionally, Thailand-based PTT Global Chemical is considering building a second cracker in Ohio’s Belmont County.
The trio of states is seeking U.S. Department of Energy loans and private equity funding to build the $2.5 billion facility to store eight to 10 million barrels of NGLs. The project would be funded mainly by loans — about 60 percent — and private funding would pay for the remainder.
Learn more: Kallanish Energy > Trio of states working to develop NGL storage facility
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.