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Released August 26, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Energy Transfer Signs 20-Year LNG Deal with Shell
- Energy Transfer (NYSE:ET) (Dallas, Texas) on Wednesday said it agreed to supply 2.1 million metric tons of liquefied natural gas (LNG) per year to Shell plc (NYSE:SHEL) (London, England) for 20 years. The deal for supplies from its proposed Lake Charles, Louisiana, facility comes as demand and prices for LNG are soaring over Russia's February invasion of Ukraine. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports. (Reuters)

NATURAL GAS
U.S. Utilities Add Gas to Storage
- The U.S. Energy Information Administration (EIA) said utilities added 60 billion cubic feet of natural gas to storage during the week ending August 19. (Reuters)

HYDROGEN
Amazon Signs Hydrogen Deal with Plug Power
- Plug Power Incorporated (NASDAQ:PLUG) (Latham, New York) has signed a deal with Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) to supply liquid green hydrogen, the companies said on Thursday. Amazon said Plug Power will supply 10,950 tons of green hydrogen every year starting 2025 that it will use to replace grey hydrogen, diesel and other fossil fuels. The companies did not divulge the supply pricing specifics. The green hydrogen deal will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks, Amazon 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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

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).

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