Delfin Midstream, Devon Energy: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Delfin Makes LNG Sales Agreement with Britain's Centrica - Centrica plc (Windsor, England) has signed an $8.47 billion agreement with Delfin Midstream Incorporated (Houston, Texas) to buy liquefied natural gas (LNG) from 2026, Britain's largest energy supplier said on Tuesday. Centrica, which owns British Gas, said the 15-year deal would involve buying 1 million metric tons of LNG per year on a free-on-board basis from the Delfin Deepwater Port off the coast of Louisiana from 2026. Subscribers can click here for the related project report. (Reuters)

CORPORATE
Devon Energy to Buy Validus for $1.8 Billion - Shale producer Devon Energy (NYSE:DVN) (Oklahoma City, Oklahoma) said on Tuesday it will buy Validus Energy (Denver, Colorado), an Eagle Ford basin operator, for $1.8 billion in cash. The deal with Validus would allow Devon to secure 42,000 net acres adjacent to its existing leasehold in the basin. Devon said the deal is expected to close at the end of the third quarter. (Reuters)

POWER
U.S. Power Use to Reach Record-High in 2022 - U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will climb to 4,027 billion kilowatt-hours (kWh) in 2022, from 3,930 billion kWh in 2021, before sliding to 4,018 billion kWh in 2023. (Reuters)

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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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.