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Southern Company, NextDecade: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released on Friday, February 21, 2020
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

EARNINGS REPORTS
Southern Company Lifts Quarterly Earnings
- Southern Company (NYSE:SO) reported fourth-quarter 2019 earnings of $440 million, compared with $278 million the prior-year quarter. (PR Newswire)

LNG
LNG Opponents Sue Feds over Port of Brownsville Project Permits
- Opponents of the liquefied natural gas (LNG) industry have sued a federal agency that issued permits for a controversial LNG export terminal at the Port of Brownsville and a related pipeline. In a petition filed before the U.S. Court of Appeals for the District of Columbia Circuit, the Sierra Club, the City of Port Isabel and four other opponents are asking a federal judge to review and overturn permits issued by the Federal Energy Regulatory Commission for NextDecade's (NASDAQ:NEXT) Rio Grande LNG plant and the Rio Bravo Pipeline. (Projects 300186992, 300219685, 300270573) (Houston Chronicle)

CRUDE OIL
U.S. Crude Stocks Build
- U.S. crude inventories rose 414,000 barrels for the week ending February 14, according to the U.S. Energy Information Administration. (Reuters)

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