Sempra Port Arthur LNG Decision, ExxonMobil Singapore Refining Project: Your Daily Energy News

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

LNG
Sempra to Proceed Phase II of Port Arthur LNG Project - Sempra Energy (San Diego, California) has approved a $14 billion expansion of the Port Arthur liquefied natural gas (LNG) project in Texas. The project will add two liquefaction trains, an LNG storage tank and related facilities, and increase capacity by 13 million tonnes per annum. Commercial operations are planned for 2030 and 2031. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

REFINING
ExxonMobil Starts Up Singapore Refining Unit - Exxon Mobil Corporation (Spring, Texas) has started production at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, the company said on Tuesday, boosting the plant's intake of high-sulfur crude oil. The technology combines processes to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates, Exxon said in a statement. Subscribers to Industrial Info's GMI Refining Project Database can learn more by viewing the related project reports. (Reuters)

CORPORATE
Azerbaijan's SOCAR to Buy Refiner Italiana Petroli - Azerbaijan's state oil company SOCAR (Baku) agreed on Tuesday to buy Italian refiner Italiana Petroli (IP) (Rome), securing control of one of Italy's largest petrol station networks. People close to the matter previously told Reuters that the seller, Italy's Brachetti Peretti family, was seeking an enterprise value of around 2.5 billion euros (US$2.95 billion) for IP. "This acquisition represents a significant milestone in expanding SOCAR's presence in the European energy market and reflects its commitment to strengthening bilateral economic and energy relations between Azerbaijan and Italy," SOCAR President Rovshan Najaf said in a statement. (Reuters)

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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).