Released May 20, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
NextDecade Delays Texas LNG Decision Until 2021 - U.S. liquefied natural gas (LNG) developer NextDecade Corporation (NASDAQ:NEXT) said on Monday it will not decide whether to build the proposed Rio Grande LNG export plant in Texas until 2021 as demand destruction from the coronavirus affects the global LNG market. (Reuters)
PRODUCTION
EQT to Cut Natural Gas Production - EQT Corporation (NYSE:EQT), the biggest U.S. natural gas producer, said on Tuesday it started to reduce gas output in Pennsylvania and Ohio on May 16 as demand destruction from the coronavirus cut current prices for the fuel. EQT did not say how much gas it would curtail. (Reuters)
PIPELINES
Phillips 66 to Raise Rates of Gray Oak Pipeline in Texas - Phillips 66 Partners LP (NYSE:PSXP) proposed raising tariff rates on its 900,000-barrel-per-day Gray Oak crude oil pipeline in Texas, according to a filing on Tuesday. The company will increase all committed rates on the pipeline by 2% per year, the filing with the Federal Energy Regulatory Commission (FERC) said. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
LNG
NextDecade Delays Texas LNG Decision Until 2021 - U.S. liquefied natural gas (LNG) developer NextDecade Corporation (NASDAQ:NEXT) said on Monday it will not decide whether to build the proposed Rio Grande LNG export plant in Texas until 2021 as demand destruction from the coronavirus affects the global LNG market. (Reuters)
PRODUCTION
EQT to Cut Natural Gas Production - EQT Corporation (NYSE:EQT), the biggest U.S. natural gas producer, said on Tuesday it started to reduce gas output in Pennsylvania and Ohio on May 16 as demand destruction from the coronavirus cut current prices for the fuel. EQT did not say how much gas it would curtail. (Reuters)
PIPELINES
Phillips 66 to Raise Rates of Gray Oak Pipeline in Texas - Phillips 66 Partners LP (NYSE:PSXP) proposed raising tariff rates on its 900,000-barrel-per-day Gray Oak crude oil pipeline in Texas, according to a filing on Tuesday. The company will increase all committed rates on the pipeline by 2% per year, the filing with the Federal Energy Regulatory Commission (FERC) said. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
