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Released December 11, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
U.S. DOE Awaits FERC Assessment Before Two LNG Export Reviews - The U.S. Department of Energy (DOE) said on Tuesday it is not able to complete reviews of two planned liquefied natural gas (LNG) export plants in Louisiana until an independent regulatory body finishes its environmental assessments of the projects. The department said it has to wait for the Federal Energy Regulatory Commission (FERC) to finish its work before it can review applications for LNG exports from the terminals to countries with which the U.S. does not have free trade agreements. The projects are Venture Global LNG's (Arlington, Virginia) CP2 20 million-ton-per-annum (MTPA) facility and Commonwealth LNG's (Houston, Texas) planned 9.5-MTPA facility. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can learn more by viewing the reports on the CP2 and Commonwealth projects. (Reuters)
POWER
U.S. Power Use to Reach Record Highs in 2024, 2025 - U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise to 4,093 billion kilowatt-hours (kWh) in 2024 and 4,163 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record 4,067 billion kWh in 2022. (Reuters)
CRUDE OIL
China's November Oil Imports Show Rebound - China's crude oil imports jumped in November from a year earlier for the first annual growth in seven months, data showed on Tuesday, as lower prices of Middle East supplies and stockpiling demand boosted buying. China took in 48.52 million metric tons last month, data from the General Administration of Customs showed, up 14.3% from 42.45 million tons a year earlier and equivalent to about 11.81 million barrels per day. (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).
LNG
U.S. DOE Awaits FERC Assessment Before Two LNG Export Reviews - The U.S. Department of Energy (DOE) said on Tuesday it is not able to complete reviews of two planned liquefied natural gas (LNG) export plants in Louisiana until an independent regulatory body finishes its environmental assessments of the projects. The department said it has to wait for the Federal Energy Regulatory Commission (FERC) to finish its work before it can review applications for LNG exports from the terminals to countries with which the U.S. does not have free trade agreements. The projects are Venture Global LNG's (Arlington, Virginia) CP2 20 million-ton-per-annum (MTPA) facility and Commonwealth LNG's (Houston, Texas) planned 9.5-MTPA facility. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can learn more by viewing the reports on the CP2 and Commonwealth projects. (Reuters)
POWER
U.S. Power Use to Reach Record Highs in 2024, 2025 - U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise to 4,093 billion kilowatt-hours (kWh) in 2024 and 4,163 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record 4,067 billion kWh in 2022. (Reuters)
CRUDE OIL
China's November Oil Imports Show Rebound - China's crude oil imports jumped in November from a year earlier for the first annual growth in seven months, data showed on Tuesday, as lower prices of Middle East supplies and stockpiling demand boosted buying. China took in 48.52 million metric tons last month, data from the General Administration of Customs showed, up 14.3% from 42.45 million tons a year earlier and equivalent to about 11.81 million barrels per day. (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 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).
