Venture Global LNG, Aliso Canyon Gas Storage Facility - Your Daily Energy News

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

CORPORATE
Venture Global LNG Files to Make IPO on NYSE - Venture Global LNG (Arlington, Virginia), one of the largest producers of liquefied natural gas (LNG) in the United States, on Friday filed for what could be one of the largest initial public offerings (IPOs) globally next year. The LNG producer plans to list its Class A common shares under the symbol "VG" on the New York Stock Exchange (NYSE), the company's filing showed. In November, Reuters reported that the company was planning to raise about $3 billion from its IPO in New York. (Reuters)

TERMINALS
California Delays Closure of Aliso Canyon Gas Storage Facility, but Foresees End - California regulators have approved a controversial proposal to delay the closure of the Aliso Canyon Natural Gas Facility, the site of the nation's largest known methane leak, which forced thousands of families from their Los Angeles homes in 2015. The California Public Utilities Commission (PCUC) on Thursday voted 4-0, with one commissioner recused, to approve a judge's proposed decision that Aliso Canyon should remain open for the time being. But commissioners said the vote created a pathway to lowering or eliminating reliance on Aliso Canyon in future years by establishing a target for the level of demand for natural gas in Southern California that can be met without the need of the facility. "This decision puts forward a path to the closure of Aliso Canyon that is achievable, realistic, and protective of families and businesses who are struggling to pay energy bills," CPUC President Alice Reynolds said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile. (Reuters)

PRODUCTION
U.S. Rig Count Remains Unchanged - The total number of active drilling rigs for oil and gas in the United States stayed the same for a second week, according to new data that Baker Hughes published on Friday, after seeing no change in the week prior. The total rig count remained flat at 589 total rigs, according to Baker Hughes. The number of oil rigs rose by one to 483. The number of gas rigs fell by one, landing at 102. Miscellaneous rigs stayed the same at four. (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).