Commonwealth LNG, BKV Corporation: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
U.S. Regulators Approve Louisiana LNG Plant - U.S. energy regulators unanimously approved the Commonwealth LNG, LLC (Houston, Texas) liquefied natural gas (LNG) production plant on the Louisiana coast on Thursday. The Commonwealth LNG project, expected to export 8.4 million tonnes a year of liquefied natural gas from Cameron, Louisiana, was the first to be approved by the Federal Energy Regulatory Commission (FERC) in more than two years. It is expected to begin shipping LNG in 2027. Subscribers to Industrial Info's Production and Pipelines project databases can click here for related reports. (Reuters)

PRODUCTION
U.S. Drillers Add Rigs - The U.S. oil and gas rig count rose three to 782 in the week ending November 18, its highest since March 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose one to 623 last week, their highest since March 2020, while gas rigs rose two to 157. (Reuters)

CORPORATE
U.S. Natural Gas Producer BKV Files for IPO - Natural gas producer BKV Corporation (Denver, Colorado) filed for an initial public offering (IPO) in the U.S. on Friday. Reuters reported earlier this year that a listing may value BKV at up to $2 billion, including debt. BKV did not reveal the number of shares or the price range for its proposed offering. BKV plans to float its shares on the New York Stock Exchange and expects to trade under the ticker symbol "BKV." (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).