Energy Transfer, Increased China Natural Gas Production: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Energy Transfer to Supply LNG to China's ENN - Energy Transfer LP (NYSE:ET) (Dallas, Texas) said on Tuesday its liquefied natural gas (LNG) unit has entered agreements to supply a total of 2.7 million metric tons of LNG to China's ENN Natural Gas and ENN Energy Holdings Limited. (Reuters)

NATURAL GAS
China Targets More Natural Gas Production - China's National Energy Administration (NEA) is targeting a 4.2% rise in the country's natural gas production this year to 214 billion cubic meters (Bcm), according to its annual energy industry guide published on Tuesday. The country's natural gas production grew 8.2% last year to 205.3 Bcm, the NEA has reported. (Reuters)

CRUDE OIL
China Lockdowns Dampen Oil Demand - Anti-COVID lockdowns have dampened consumption of transportation fuels in China to a point where some independent refiners have resorted to trying to resell crude oil purchased for delivery over the next two months, traders and analysts said. A phased, two-week long lockdown began in the eastern half of Shanghai on March 27 and will switch to the western half on April 1. Fuel demand could drop by 200,000 barrels per day during the lockdown, Rystad Energy's (Oslo, Norway) analyst Claudio Galimberti estimated in a note. (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.