NextDecade, Phillips 66, Record U.S. Power Use: Your Daily Energy News

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

LNG
NextDecade Greenlights Train 4 for Rio Grande LNG Project - U.S. liquefied natural gas (LNG) producer NextDecade Corporation (Houston, Texas) said on Tuesday it has reached a positive final investment decision for the fourth liquefaction train of its Rio Grande export project in Texas. Train 4 has an expected LNG production capacity of nearly 6 million tonnes per annum (MTPA), bringing the total expected production capacity under construction at Rio Grande to about 24 MTPA. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the project report. (Reuters)

POWER
EIA: U.S. Power Use to Reach Record Highs in 2025, 2026 - U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise to 4,187 billion kilowatt-hours (kWh) in 2025 and 4,305 billion kWh in 2026, up from a record 4,097 billion kWh in 2024. (Reuters)

REFINING
Phillips 66 to Buy Remaining Stake in Two Cenovus Refineries - Phillips 66 (Houston, Texas) said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy Incorporated (Calgary, Alberta) for $1.4 billion, giving it full ownership of two major U.S. refineries. WRB includes the Wood River refinery in Illinois and the Borger refinery in Texas, which have a combined crude throughput capacity of about 495,000 barrels per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the related plant profiles. (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).