Venture Global LNG, ExxonMobil, U.S. Crude Oil Stockpiles: Your Daily Energy News

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

LNG
Federal Regulators Give Venture Global Permission to Introduce Gas into Louisiana LNG Plant - Federal regulators on Wednesday gave Venture Global LNG (Arlington, Virginia) permission to introduce natural gas into its Plaquemines liquefied natural gas (LNG) export plant in Louisiana, documents show, moving the plant a step closer to producing the superchilled gas. The 20 million-metric-ton-per-year Plaquemines LNG plant will be the second-largest U.S. LNG export facility when fully operational. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the related project reports. (Reuters)

ExxonMobil Expects FID on Mozambique LNG Project in 2026 - Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) now expects a final investment decision (FID) for its Rovuma LNG project in Mozambique in 2026, the company said on Wednesday, pushing back the financial go-ahead by roughly a quarter. The company had said in May it expected the final investment decision for the project at the end of 2025. Subscribers can learn more by viewing the project report. (Reuters)

CRUDE OIL
U.S. Crude Oil Stockpiles Rise - U.S. crude oil inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending November 1, the U.S. Energy Information Administration (EIA) said on Wednesday. Net U.S. crude oil imports rose by 1.7 million barrels per day (BBL/d), as exports fell by 1.4 million BBL/d to 2.9 million BBL/d, the EIA said. Gasoline stocks rose by 412,000 barrels in the week to 211.3 million barrels, the EIA said. Distillate stockpiles rose by 2.9 million barrels in the week to 115.8 million barrels. (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).