Levithan Gas Field Expansion, Talen's PJM Acquisition: Your Daily Energy News

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

PRODUCTION
Chevron, Partners Approve Expansion of Israel's Leviathan Gas Field - Chevron (Houston, Texas) and partners on Friday approved plans to vastly expand production at Israel's sprawling Leviathan gas field, a project set to supply Egypt and others with more than US$35 billion worth of natural gas. The expansion will boost gas deliveries from Leviathan by 9 billion cubic meters (Bcm) per year to about 21 Bcm, flows expected to supply the region as well as Europe in the form of liquefied natural gas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)

NATURAL GAS
Azerbaijan Begins Supplying Natural Gas to Germany, Austria - Azerbaijan's state energy company State Oil Company of Azerbaijan Republic (SOCAR) (Baku) has started sending natural gas to Germany and Austria, the company said on Friday, as it increases the number of European markets it supplies. Demand for Azerbaijan's gas has risen as Europe has sought to end its reliance on Russian gas following the invasion of Ukraine. In June it signed a 10-year deal with Germany's SEFE (Berlin) to supply 1.5 Bcm annually. "The deliveries, routed via Italy to Austria and Germany, further expand the geographical reach of Azerbaijani gas in Europe. With these new markets, the number of countries importing Azerbaijani gas has risen to 16," SOCAR said in a statement. (Reuters)

POWER
Talen Energy to Boost PJM Gas-Fired Footprint - Talen Energy (Houston, Texas) said on Thursday it would buy 2.6 gigawatts of natural gas-fired generation capacity from private equity firm Energy Capital Partners (Summit, New Jersey) for $3.45 billion, doubling its expected annual generation and strengthening its position in the PJM market that operates in the Mid-Atlantic and Midwest U.S. Talen has been rapidly acquiring assets across the PJM region to meet surging demand. Last year, it bought two power plants for $3.5 billion as part of its "flywheel" strategy to expand baseload capacity and serve hyperscale data centers. (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).