Constellation Energy, Equinor, Trans Mountain: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
Constellation Energy to Buy Stake in Texas Nuclear Plant - Utility firm Constellation Energy (Baltimore, Maryland) said on Thursday it would acquire NRG Energy Incorporated's (NYSE:NRG) (Houston, Texas) stake in a nuclear plant in Texas in a deal valued at $1.75 billion. After the transaction, Constellation will be one of three owners of the 2,645-megawatt (MW) South Texas Project Electric Generating Station. NRG's 44% interest represents about 1,100 MW of output. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the plant profile. (Reuters)

LNG
Equinor Says Hammerfest LNG Plant to Resume Operations June 8 - Equinor (NYSE:EQNR) (Stavanger, Norway) plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest, Norway, on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. Equinor halted production after it detected a gas leak on a cooling circuit valve. The leak had been plugged late on Wednesday. Subscribers to Industrial Info's Production Plant Database can click here for the plant profile. (Reuters)

PIPELINES
Canada to Back $3 Billion in Loans to Trans Mountain Pipeline - The Canadian government is backing up to C$3 billion (US$2.24 billion) in loans for Trans Mountain Corporation (Calgary, Alberta), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast. The information was disclosed on Export Development Canada's website this week and shows two new loan guarantees signed in late March and early May. The Trans Mountain Expansion will nearly triple the flow of crude from Alberta's oil sands to Burnaby, British Columbia, to 890,000 barrels per day and is intended to boost access to Asian refining markets. Subscribers to Industrial Info's Pipeline Project Database can click here for related project reports. (Reuters)

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About IIR Energy
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
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).