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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
ExxonMobil to Make Initial $500 Million Investment in Mozambique LNG Project - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique. The Rovuma LNG project, jointly operated with Italy's Eni (NYSE:E), has a capacity of more than 15 million tonnes a year. (Project 300406889) (Reuters)
NATURAL GAS
U.S. Natural Gas Output, Demand Seen Rising to Record in 2019 - U.S. dry natural gas production will rise to an all-time high of 91.63 billion cubic feet per day (Bcf/d) in 2019 from a record high of 83.39 Bcf/d last year, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA also projected U.S. gas consumption would rise to an all-time high of 84.25 Bcf/d in 2019 from a record 81.86 Bcf/d a year ago. (Reuters)
PIPELINES
Enterprise Products to Convert Seminole Red Pipeline Back to NGL Service in 2021 - Earlier this year, to respond to customer demand for crude oil pipeline capacity from Midland to the Houston market in Texas, Enterprise Products Partners (NYSE:EPD) converted the Seminole Red pipeline from mixed natural gas liquids (NGL) service to crude oil service. Enterprise currently expects to convert the Seminole Red pipeline back into NGL service during the second half of 2021. (Enterprise)
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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.
LNG
ExxonMobil to Make Initial $500 Million Investment in Mozambique LNG Project - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique. The Rovuma LNG project, jointly operated with Italy's Eni (NYSE:E), has a capacity of more than 15 million tonnes a year. (Project 300406889) (Reuters)
NATURAL GAS
U.S. Natural Gas Output, Demand Seen Rising to Record in 2019 - U.S. dry natural gas production will rise to an all-time high of 91.63 billion cubic feet per day (Bcf/d) in 2019 from a record high of 83.39 Bcf/d last year, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA also projected U.S. gas consumption would rise to an all-time high of 84.25 Bcf/d in 2019 from a record 81.86 Bcf/d a year ago. (Reuters)
PIPELINES
Enterprise Products to Convert Seminole Red Pipeline Back to NGL Service in 2021 - Earlier this year, to respond to customer demand for crude oil pipeline capacity from Midland to the Houston market in Texas, Enterprise Products Partners (NYSE:EPD) converted the Seminole Red pipeline from mixed natural gas liquids (NGL) service to crude oil service. Enterprise currently expects to convert the Seminole Red pipeline back into NGL service during the second half of 2021. (Enterprise)
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.
