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Released February 14, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
U.S. Appeals Court Rejects New Challenge to Mountain Valley Pipeline - A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley natural gas pipeline's use of eminent domain, finding that a federal law bars the case despite a recent U.S. Supreme Court ruling that made it easier to sue federal agencies. In a unanimous, unsigned opinion on Tuesday, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit agreed with a district court's ruling that it could not hear the owners' lawsuit against the Federal Energy Regulatory Commission and the pipeline developers, because it was brought after the D.C. Circuit had taken up an appeal from a separate administrative challenge over the same issue. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
LNG
Chesapeake Energy Enters into LNG Export Deal with Gunvor, Delfin - Chesapeake Energy Corporation (NASDAQ:CHK) (Oklahoma City, Oklahoma) has entered a long-term liquefied natural gas (LNG) export deal with Delfin Midstream (Houston, Texas) and global energy trader Gunvor Group (Geneva, Switzerland), the U.S. natural gas producer said on Tuesday. Chesapeake will buy about 0.5 million tonnes per annum of LNG from Delfin and deliver it to Gunvor for 20 years. The contract is scheduled to start in 2028. (Reuters)
EARNINGS REPORTS
EQT Fourth-Quarter Net Income Declines Sharply - Natural gas producer EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania) reported lower net income for fourth-quarter 2023 than for 2022 as higher sales volumes were offset by lower gas prices. The company reported fourth-quarter 2023 net income of $501 million, down from $1.71 billion in the corresponding quarter of 2022. (EQT)
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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).
PIPELINES
U.S. Appeals Court Rejects New Challenge to Mountain Valley Pipeline - A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley natural gas pipeline's use of eminent domain, finding that a federal law bars the case despite a recent U.S. Supreme Court ruling that made it easier to sue federal agencies. In a unanimous, unsigned opinion on Tuesday, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit agreed with a district court's ruling that it could not hear the owners' lawsuit against the Federal Energy Regulatory Commission and the pipeline developers, because it was brought after the D.C. Circuit had taken up an appeal from a separate administrative challenge over the same issue. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
LNG
Chesapeake Energy Enters into LNG Export Deal with Gunvor, Delfin - Chesapeake Energy Corporation (NASDAQ:CHK) (Oklahoma City, Oklahoma) has entered a long-term liquefied natural gas (LNG) export deal with Delfin Midstream (Houston, Texas) and global energy trader Gunvor Group (Geneva, Switzerland), the U.S. natural gas producer said on Tuesday. Chesapeake will buy about 0.5 million tonnes per annum of LNG from Delfin and deliver it to Gunvor for 20 years. The contract is scheduled to start in 2028. (Reuters)
EARNINGS REPORTS
EQT Fourth-Quarter Net Income Declines Sharply - Natural gas producer EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania) reported lower net income for fourth-quarter 2023 than for 2022 as higher sales volumes were offset by lower gas prices. The company reported fourth-quarter 2023 net income of $501 million, down from $1.71 billion in the corresponding quarter of 2022. (EQT)
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).
