Line 5 Pipeline, Canada Emissions Targets, Russia Sanction Waiver: 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.

PIPELINES
U.S. Judge Blocks Michigan from Shutting Down Line 5 Oil Pipelines - A U.S. judge on Wednesday blocked Michigan from enforcing a 2020 order to shut down Enbridge's (Calgary, Alberta) Line 5 oil pipeline running beneath the channel linking Lake Michigan and Lake Huron, ruling that pipeline safety is a federal responsibility. The decision comes five years after Michigan Governor Gretchen Whitmer revoked an easement allowing Enbridge to operate a four-mile stretch of pipeline underneath the Straits of Mackinac, citing risks to the environment in the event of a spill. Enbridge has been fighting the Michigan decision in court. The 72-year-old, 540,000-barrel-per-day pipeline, which ships crude oil and refined products from Superior, Wisconsin, to Sarnia, Ontario, has continued to operate throughout the dispute. (Reuters)

PRODUCTION
Canada Releases New Oil & Gas Methane Emissions Targets - Canada announced long-promised rules on Tuesday aimed at dramatically reducing methane emissions from the country's oil and gas sector. The regulations lay out a path for Canada--the world's fourth-largest oil producer--to cut its overall emissions of the potent greenhouse gas by 75% over 2014 levels by 2035. Oil and gas facilities are responsible for about half of Canada's total methane emissions, according to the government. The new rules, which will take effect in 2028, prohibit venting with several exceptions and establish an inspection schedule for companies to find equipment leaks and repair them. (Reuters)

LNG
U.S. to Allow Sales from Russia's Sakhlin-2 Plant into June - On Wednesday, The U.S. extended a waiver allowing oil sales from Russia's Sakhalin-2 project through June 18 next year, a move that likely allows production of liquefied natural gas (LNG) from the project to continue. The general license, issued by the U.S. Treasury Department, is important for U.S. ally Japan, which gets about 9% of its LNG from Russia. The license allowing transactions with Sakhalin-2 is a waiver to sanctions that had been imposed on the project by former President Joe Biden in 2022 over Russia's full-scale invasion of Ukraine. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (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 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).