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Daily News Energy Headlines from June 26, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Tuesday, June 27, 2017
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Lack of Pipeline Infrastructure Stymies East Coast Growth - This Reuters article discusses how much of the pipeline infrastructure used to transport oil to the U.S. East Coast is decades old and bottlenecked, causing the region to rely more on foreign barrels. (Reuters)
Sabal Trail Natural Gas Pipeline Phase I Begins Service - Phase I of the 515-mile Sabal Trail natural gas pipeline, which runs through Alabama, Georgia and Florida, is expected to be fully in service by the end of June. (IIR)
LNG
Cheniere Commences 20-Year LNG Supply with South Korea - Cheniere Energy Incorporated (Houston, Texas) commenced a 20-year liquefied natural gas (LNG) supply agreement with Korea Gas Corporation at a ceremony in Louisiana on Sunday. Under the deal originally signed in 2012, Cheniere will make available for delivery about 3.5 million tons of LNG annually to South Korea. (Bloomberg)
Lithuania Signs Deal for U.S. LNG - Lithuania's state-owned gas trader Lietuvos Duju Tiekimas said on Monday it had signed a deal to buy liquefied natural gas directly from the United States for the first time and expects to receive a delivery in the second half of August. (Reuters)
POWER
Nuclear, Renewable Energy Expected to Soar as China Flexes its Energy Muscles - When it comes to the Global Power Industry, China is the proverbial 800-pound gorilla, and that country's changing patterns of electric generation will have a significant impact on wind energy, solar energy and nuclear power through 2035, according to the BP Statistical Review of World Energy, released June 13. (IIR)
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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.
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