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Released October 19, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
LNG Ships Not Able to Unload in Europe - Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this "exceptional situation." The arrival of multiple LNG cargoes has pushed Europe's LNG regasification capacity to its limit. If the backlog is not cleared soon, those ships may start looking for alternative ports outside Europe to offload their cargo. There are more than 35 LNG-laden vessels drifting off Spain and around the Mediterranean, with at least eight vessels anchored off the Bay of Cadiz alone, traders, analysts and sources at LNG terminals familiar with the situation said on Monday. (Reuters)
Trinidad & Tabago's LNG Production Rises by 28% - Trinidad and Tobago increased production of LNG from the Atlantic LNG project by 28% in the latest quarter compared with the previous quarter, figures from the Energy Ministry seen by Reuters on Monday showed. During the June-August period, Atlantic LNG processed an average of 1.32 Bcf/d of natural gas, up from 1.04 Bcf/d in the March-May period, the figures showed. Subscribers to Industrial Info's Global Market Intelligence Production Plant Database can click here for the plant profile. (Reuters)
NATURAL GAS
U.S. Natural Gas Falls 4% - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. Front-month gas futures fell 25.4 cents, or 4.2%, to settle at $5.745 per million British thermal units, their lowest close since July 6 for a second day in a row. (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) 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).
LNG
LNG Ships Not Able to Unload in Europe - Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this "exceptional situation." The arrival of multiple LNG cargoes has pushed Europe's LNG regasification capacity to its limit. If the backlog is not cleared soon, those ships may start looking for alternative ports outside Europe to offload their cargo. There are more than 35 LNG-laden vessels drifting off Spain and around the Mediterranean, with at least eight vessels anchored off the Bay of Cadiz alone, traders, analysts and sources at LNG terminals familiar with the situation said on Monday. (Reuters)
Trinidad & Tabago's LNG Production Rises by 28% - Trinidad and Tobago increased production of LNG from the Atlantic LNG project by 28% in the latest quarter compared with the previous quarter, figures from the Energy Ministry seen by Reuters on Monday showed. During the June-August period, Atlantic LNG processed an average of 1.32 Bcf/d of natural gas, up from 1.04 Bcf/d in the March-May period, the figures showed. Subscribers to Industrial Info's Global Market Intelligence Production Plant Database can click here for the plant profile. (Reuters)
NATURAL GAS
U.S. Natural Gas Falls 4% - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. Front-month gas futures fell 25.4 cents, or 4.2%, to settle at $5.745 per million British thermal units, their lowest close since July 6 for a second day in a row. (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) 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).
