Changing Fuel Economy Standards, EU Gas Imports, Aramco: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

GASOLINE
Trump Administration Proposes Slashing Fuel Economy Rules - The Trump administration on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in its latest push to make it easier for automakers to sell gasoline-powered cars. The National Highway Traffic Safety Administration proposed significantly reducing the fuel economy requirements from model years 2022 to 2031, requiring 34.5 miles per gallon on average by 2031, down from 50.4 miles per gallon. (Reuters)

EU & RUSSIA
EU Agrees to End Russian Gas Imports - The European Union (EU) agreed on Wednesday to phase out Russian gas imports by late 2027 as part of an effort to end the bloc's decades-long dependency on Russian energy, though legal challenges from its members already loom. Under the agreement, the EU will permanently halt the import of Russian gas and move towards a phase-out of Russian oil. Liquefied natural gas imports will be phased out by the end of 2026 and pipeline gas by the end of September 2027. Hungary, which opposes the move, will challenge the legislation at the EU's Court of Justice, and Slovakia is also weighing its legal options against the EU order, as the countries are both still highly reliant on gas and oil supplies from Moscow and fearful that more costly alternatives will damage their economies. (Reuters)

MIDDLE EAST
Aramco's Jafurah Gas Complex Begins Output - The first phase of oil giant Aramco's (Dhahran, Saudi Arabia) Jafurah gas plant is complete, and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday. Jafurah is potentially the biggest shale gas project outside the U.S. and is expected to reach sustainable production of 2 billion cubic feet per day by 2030. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).