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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CORPORATE
Energy Transfer to Tap into Renewable Energy Projects - Energy Transfer LP (NYSE:ET) said on Thursday it had created a new business to ramp up efforts to develop alternative energy projects, as the pipeline operator aims to reduce its carbon footprint. Energy Transfer's Alternative Energy Group will focus on renewable energy projects including solar and windfarms, either as a power purchaser or in partnership with third party developers. The company said it would also look to develop renewable diesel and renewable natural gas opportunities, adding that these potential projects could involve the utilization of Energy Transfer's pipeline system. (Reuters)
LNG
Cheniere Seeks OK to Put Corpus Christi Train 3 into Service - Cheniere Energy Incorporated (NYSE:LNG) asked the U.S. Federal Energy Regulatory Commission (FERC) to approve the company's request to put in service the third liquefaction train at its Corpus Christi liquefied natural gas (LNG) export plant in Texas. The train has already been operating for months in test mode. (Project 300057257) (Reuters)
Venture Global Gets Loan for Louisiana Plaquemines LNG Construction - Venture Global LNG Incorporated said on Thursday it closed a $500 million term loan with several banks and will use some of the proceeds to fund construction activities as its proposed Plaquemines LNG export plant in Louisiana. Venture Global has not made a final investment decision to build Plaquemines, yet analysts say the plant is one of the few U.S. export projects expected to go forward this year. (Project 300229540) (Reuters)
CRUDE OIL
EIA: U.S. Crude Oil Output to Decline More than Previously Forecast in 2021 - The government lowered its outlook for U.S. crude oil production in 2021, with expected output set to average 11.02 million barrels per day (BBL/d) for the year, the U.S. Energy Information Administration (EIA) said on Tuesday. The EIA said it expects production to decline by 290,000 BBL/d, compared to its previous forecast for a drop of 190,000 BBL/d to 11.10 million BBL/d. Output is expected to rise in the second half of 2021 and in 2022 as production from new wells will exceed the declines from older wells, the EIA said. (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 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, 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
CORPORATE
Energy Transfer to Tap into Renewable Energy Projects - Energy Transfer LP (NYSE:ET) said on Thursday it had created a new business to ramp up efforts to develop alternative energy projects, as the pipeline operator aims to reduce its carbon footprint. Energy Transfer's Alternative Energy Group will focus on renewable energy projects including solar and windfarms, either as a power purchaser or in partnership with third party developers. The company said it would also look to develop renewable diesel and renewable natural gas opportunities, adding that these potential projects could involve the utilization of Energy Transfer's pipeline system. (Reuters)
LNG
Cheniere Seeks OK to Put Corpus Christi Train 3 into Service - Cheniere Energy Incorporated (NYSE:LNG) asked the U.S. Federal Energy Regulatory Commission (FERC) to approve the company's request to put in service the third liquefaction train at its Corpus Christi liquefied natural gas (LNG) export plant in Texas. The train has already been operating for months in test mode. (Project 300057257) (Reuters)
Venture Global Gets Loan for Louisiana Plaquemines LNG Construction - Venture Global LNG Incorporated said on Thursday it closed a $500 million term loan with several banks and will use some of the proceeds to fund construction activities as its proposed Plaquemines LNG export plant in Louisiana. Venture Global has not made a final investment decision to build Plaquemines, yet analysts say the plant is one of the few U.S. export projects expected to go forward this year. (Project 300229540) (Reuters)
CRUDE OIL
EIA: U.S. Crude Oil Output to Decline More than Previously Forecast in 2021 - The government lowered its outlook for U.S. crude oil production in 2021, with expected output set to average 11.02 million barrels per day (BBL/d) for the year, the U.S. Energy Information Administration (EIA) said on Tuesday. The EIA said it expects production to decline by 290,000 BBL/d, compared to its previous forecast for a drop of 190,000 BBL/d to 11.10 million BBL/d. Output is expected to rise in the second half of 2021 and in 2022 as production from new wells will exceed the declines from older wells, the EIA said. (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 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, 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
