Golden Pass LNG, U.S. Ethane Exports, Declining Rig Count: Your Daily Energy News

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

LNG
Golden Pass LNG Asks Permission to Re-export LNG - Golden Pass LNG, which is owned by Exxon Mobil Corporation (Spring, Texas) and QatarEnergy (Doha, Qatar), has asked U.S. regulators for permission to re-export liquefied natural gas (LNG) from October 1, as its export plant nears production after previous delays. Golden Pass is building an 18 million-metric-ton-per-annum LNG export facility in Sabine Pass, Texas, and plans to start exporting LNG later this year. The company said it wants to re-export a cargo of LNG that it plans to import to cool down the Texas plant, which is still under construction. Cooling down the plant is often the final step before producing LNG. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can learn more by viewing the related project reports. (Reuters)

ETHANE
U.S. Lifts Restrictions on Ethane Exports to China - The Trump Administration has rescinded licensing requirements for U.S. exporters of ethane to China, paving the way to restoring the trade that was upended by the tariff row with Beijing. The U.S. Department of Commerce's Bureau of Industry and Security on July 2 rescinded the license requirements set forth in a previous regulation from June 3, ethane producer and exporter Energy Transfer LP (Dallas, Texas) said in an Securities and Exchange Commission filing. Last month, the U.S. federal government asked Energy Transfer and Enterprise Products Partners LP (Houston, Texas) to secure a license in order to continue exporting ethane to China. The government subsequently gave permission to export to China, but not to unload. Last week's move opens the doors for easier exports from the U.S. again. (OIlprice.com)

PRODUCTION
U.S. Drillers Cut Rigs for 10th Consecutive Week - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes Company (Houston, Texas) said. The oil and gas rig count fell by eight to 539 in the week ending July 4, the lowest since October 2021. Oil rigs fell by seven to 425 last week, their lowest since September 2021, while gas rigs fell by one to 108. (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
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).