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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
EDF Renewables North America Makes PPA with Enterprise Products for Solar Energy - EDF Renewables North America today announced a power purchase agreement (PPA) for the second tranche of the Space City Solar Project with an affiliate of Enterprise Products Partners L.P. (NYSE:EPD) for 100 MWac / 132 MWdc. The project's total capacity is up to 345 MWac / 455 MWdc. Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of electricity in Summer 2022. (Project 300578811) (BusinessWire)
LNG
Qatar to Detail Next LNG Expansion Within a Year - Qatar Petroleum will announce within a year detailed plans for the second phase of expansion of its North Field South liquefied natural gas (LNG) project, the head of the world's largest LNG producer said on Tuesday. The expansion project will add two new LNG processing trains and will be announced by the end of the year or early in 2022, Qatar Petroleum Chief Executive Saad al-Kaabi said. (Project 300567446) (Reuters)
CRUDE OIL
Oil Falls to Two Falls Two-Week Low as OPEC+ Seen Easing Supply Curves - Oil prices fell to their lowest in two weeks on Tuesday on expectations OPEC+ producers will ease supply curbs at their meeting later this week as economies start to recover from the coronavirus crisis. OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia. Brent futures fell 99 cents, or 1.6%, to settle at $62.70 a barrel, their lowest close since February 12. U.S. West Texas Intermediate (WTI) crude fell 89 cents, or 1.5%, to $59.75, its lowest close since February 19. WTI has dropped about 6% since February 25 when it closed at its highest since May 2019. (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.
POWER
EDF Renewables North America Makes PPA with Enterprise Products for Solar Energy - EDF Renewables North America today announced a power purchase agreement (PPA) for the second tranche of the Space City Solar Project with an affiliate of Enterprise Products Partners L.P. (NYSE:EPD) for 100 MWac / 132 MWdc. The project's total capacity is up to 345 MWac / 455 MWdc. Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of electricity in Summer 2022. (Project 300578811) (BusinessWire)
LNG
Qatar to Detail Next LNG Expansion Within a Year - Qatar Petroleum will announce within a year detailed plans for the second phase of expansion of its North Field South liquefied natural gas (LNG) project, the head of the world's largest LNG producer said on Tuesday. The expansion project will add two new LNG processing trains and will be announced by the end of the year or early in 2022, Qatar Petroleum Chief Executive Saad al-Kaabi said. (Project 300567446) (Reuters)
CRUDE OIL
Oil Falls to Two Falls Two-Week Low as OPEC+ Seen Easing Supply Curves - Oil prices fell to their lowest in two weeks on Tuesday on expectations OPEC+ producers will ease supply curbs at their meeting later this week as economies start to recover from the coronavirus crisis. OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia. Brent futures fell 99 cents, or 1.6%, to settle at $62.70 a barrel, their lowest close since February 12. U.S. West Texas Intermediate (WTI) crude fell 89 cents, or 1.5%, to $59.75, its lowest close since February 19. WTI has dropped about 6% since February 25 when it closed at its highest since May 2019. (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.
