Enbridge, U.S. LNG Exports: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
Enbridge Designates New CEO - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said on Monday Al Monaco will step down as its chief executive officer and president, effective January 1 next year, and Greg Ebel will succeed him. Ebel has been the Enbridge Board chairman since 2017. (Reuters)

LNG
U.S. LNG Exporters Boost Cargoes to Europe - U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September. A total of 87 cargoes departed from U.S. ports last month carrying 6.3 million metric tons of LNG, according to preliminary tanker tracking data. The total was slightly greater than August's 6.25 million tons, but below the more than 7 million tons per month exported earlier this year. Almost 70% of the cargoes, or 4.37 million tons, headed to Europe, up from the 56% and 63%, respectively, in the previous two months. (Reuters)

NATURAL GAS
U.S. Natural Gas Drops to Near 12-Week Low - U.S. natural gas futures dropped about 4% on Monday to the lowest in nearly 12 weeks on record output and forecasts for milder weather and slower demand over the next two weeks. Front-month gas futures for November delivery fell 29.6 cents, or 4.4%, to settle at $6.470 per million British thermal units, their lowest close since July 12. (Reuters)

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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).