Released September 30, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
NextEra to Buy Transmission Company from Blackstone - NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Incorporated (NYSE:NEE), today announced it has entered into definitive agreements with affiliates of Blackstone to acquire transmission company GridLiance for approximately $660 million. GridLiance owns approximately 700 miles of high-voltage transmission lines and related equipment. The company's assets span three regional transmission organizations and six states. (PR Newswire)
NATURAL GAS
U.S. Natural Gas Demand to Shrink 4.4% in 2020 - Natural gas demand for the U.S. industrial sector is falling amid a slowing economy and is expected to contract by 4.4% this year. Due to the COVID-19 pandemic and the global economic slowdown caused by it, consumption dropped from 25.4 billion cubic feet per day (Bcf/d) in January to 20.1 Bcf/d in June. This volume was almost 1 Bcf/d lower than June 2019. The EIA forecasts that by year-end, consumption of the fuel will decline 4.4% and then grow 1.1% in 2021. This is based on the assumption that demand will increase next year due to growth in the overall economy and manufacturing index. (Kallanish Energy)
U.S. Natural Gas Futures Fall More than 8% - U.S. natural gas futures fell more than 8% on Tuesday on forecasts for less demand over the next two weeks than previously expected and a rise in output. On its first day as the front-month, gas futures for November delivery fell 23.4 cents, or 8.4%, from where the November contract traded on Monday to settle at $2.561 per million British thermal units. (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.
POWER
NextEra to Buy Transmission Company from Blackstone - NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Incorporated (NYSE:NEE), today announced it has entered into definitive agreements with affiliates of Blackstone to acquire transmission company GridLiance for approximately $660 million. GridLiance owns approximately 700 miles of high-voltage transmission lines and related equipment. The company's assets span three regional transmission organizations and six states. (PR Newswire)
NATURAL GAS
U.S. Natural Gas Demand to Shrink 4.4% in 2020 - Natural gas demand for the U.S. industrial sector is falling amid a slowing economy and is expected to contract by 4.4% this year. Due to the COVID-19 pandemic and the global economic slowdown caused by it, consumption dropped from 25.4 billion cubic feet per day (Bcf/d) in January to 20.1 Bcf/d in June. This volume was almost 1 Bcf/d lower than June 2019. The EIA forecasts that by year-end, consumption of the fuel will decline 4.4% and then grow 1.1% in 2021. This is based on the assumption that demand will increase next year due to growth in the overall economy and manufacturing index. (Kallanish Energy)
U.S. Natural Gas Futures Fall More than 8% - U.S. natural gas futures fell more than 8% on Tuesday on forecasts for less demand over the next two weeks than previously expected and a rise in output. On its first day as the front-month, gas futures for November delivery fell 23.4 cents, or 8.4%, from where the November contract traded on Monday to settle at $2.561 per million British thermal units. (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.
