Record U.S. LNG Exports, Fast-Tracked MISO Projects, Targa Resources: Your Daily Energy News

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

LNG
U.S. Notches Up Record LNG Exports in November - U.S. liquefied natural gas (LNG) exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country's two largest producers, preliminary data from financial firm LSEG showed on Monday. The U.S. shipped 10.9 million metric tons (mmt) last month, up from 10.1 mmt in October despite having one fewer day in the month, according to LSEG data. LNG plants typically operate more efficiently in cooler conditions, and average temperatures along the Gulf Coast were about 8 degrees Fahrenheit lower in November than in October, according to the U.S. National Weather Service. (Reuters)

CORPORATE - MIDSTREAM
Targa Expands Permian Footprint with $1.5 Billion Acquisition - Pipeline operator Targa Resources (Houston, Texas) said on Monday it would buy Stakeholder Midstream (San Antonio, Texas) in a $1.25 billion all-cash deal, expanding its processing capacity in the Permian Basin. Targa expects Stakeholder to generate adjusted free cash flow of about $200 million annually. (Reuters)

POWER
MISO to Fast-Track Reviews of 15 Power Projects - The Midcontinent Independent System Operator (MISO) said on Monday that it will fast-track reviews of 15 more power projects to accelerate the addition of electricity supply. MISO's second round of project selections includes seven natural gas-fired plants, three battery storage projects, three solar projects and two windfarms, according to the grid operator. The fast-track program is aimed at shaving months or years off the time it takes to link the power supplies to the grid. (Reuters)

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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).