First Export Cargo from Trans Mountain Expansion, TotalEnergies: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

TERMINALS
U.S. to Close Northeast Gasoline Reserve - The Biden administration will sell nearly 1 million barrels of gasoline in the U.S.-managed stockpile in northeastern states as required by law, the Department of Energy said on Tuesday, effectively closing the near decade-old reserve. The department created the Northeast Gasoline Supply Reserve in 2014 after Superstorm Sandy left motorists scrambling for fuel. But storing refined fuel is costlier than storing crude oil, so closing the reserve was included in U.S funding legislation signed by President Joe Biden in March. (Reuters)

PIPELINES
First Export Cargo from Expanded Trans Mountain Pipeline Set to Load - Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline, ship tracking data showed. Chartered by Canadian oil producer Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta), the vessel was expected to load about 550,000 barrels of Access Western Blend for delivery to China, ship tracking data on Kpler showed. (Reuters)

PRODUCTION
TotalEnergies to Proceed with Offshore Angola Project - French oil major TotalEnergies SE (NYSE:TTE) (Courbevoie, France) is pressing ahead with the development of the Kaminho oil project 100 kilometers off the coast of Angola after a final investment decision on the block, the company said on Tuesday. The project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola's national hydrocarbon agency. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing by the related project reports. (Reuters)

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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).