Coastal GasLink Expansion, Increasing Venezuelan Oil Production: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PIPELINES
TC Energy Inks Deals for Coastal GasLink Expansion - TC Energy said on Wednesday that its Coastal GasLink pipeline project has signed commercial agreements with LNG Canada to advance the project's second phase. The agreements mark a key milestone for Coastal GasLink Phase 2, which still requires a final investment decision by LNG Canada and its joint venture participants, along with approvals from Coastal GasLink. "Doubling the transmission of ⁠natural gas through the existing pipeline will help further strengthen Canada's role as a reliable supplier to global LNG markets," said Poirier. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

NATURAL GAS
Italy's Meloni Says Hopes to Receive More Gas from Algeria - Italy hopes to receive more natural gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers. Italy faces liquefied natural gas supply disruptions from Qatar, which this week announced force majeure on contracts to Italy's Edison SpA, which distributes gas and provides gas-fired power throughout the country. (Reuters)

VENEZUELA
Venezuela's Oil Production Tops 1 Million BBL/d in March - Venezuela's oil production, including condensate and gas liquids, has reached 1.1 million BBL/d in March, a government presentation ⁠citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 BBL/d, the presentation showed. (Reuters)

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About Industrial Info Resources
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).