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Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
Germany's E.ON Suspends New Natural Gas Contracts - German energy firm E.ON (Essen) has temporarily suspended new natural gas supply contracts for residential customers, the company said on Tuesday, as suppliers across Europe struggle with a steep post-lockdown rise in demand. "We have been reviewing new customer contracts for a few days, as we must take the sharp rise in procurement costs into account in our pricing," a company spokesperson said, without specifying how long the suspension would last. (Reuters)
CORPORATE
Enbridge Completes Acquisition of U.S. Crude Oil Export Facility - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for $3 billion. The acquisition advances the company's U.S. Gulf Coast export strategy by giving Enbridge a 100% operating interest in the Ingleside Energy Center liquefied petroleum gas and crude oil export facility, and related pipeline and logistics infrastructure, located near Corpus Christi, Texas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile. (Reuters)
LNG
Cheniere, ENN Enter LNG Sale & Purchase Agreement - Cheniere Energy Incorporated (Houston, Texas) announced that it has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte Ltd. Under the SPA, ENN LNG has agreed to purchase approximately 900,000 metric tons per year of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years beginning in July 2022. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
NATURAL GAS
Germany's E.ON Suspends New Natural Gas Contracts - German energy firm E.ON (Essen) has temporarily suspended new natural gas supply contracts for residential customers, the company said on Tuesday, as suppliers across Europe struggle with a steep post-lockdown rise in demand. "We have been reviewing new customer contracts for a few days, as we must take the sharp rise in procurement costs into account in our pricing," a company spokesperson said, without specifying how long the suspension would last. (Reuters)
CORPORATE
Enbridge Completes Acquisition of U.S. Crude Oil Export Facility - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for $3 billion. The acquisition advances the company's U.S. Gulf Coast export strategy by giving Enbridge a 100% operating interest in the Ingleside Energy Center liquefied petroleum gas and crude oil export facility, and related pipeline and logistics infrastructure, located near Corpus Christi, Texas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile. (Reuters)
LNG
Cheniere, ENN Enter LNG Sale & Purchase Agreement - Cheniere Energy Incorporated (Houston, Texas) announced that it has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte Ltd. Under the SPA, ENN LNG has agreed to purchase approximately 900,000 metric tons per year of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years beginning in July 2022. (Reuters)
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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
