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Released January 27, 2023 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
Freeport LNG Get Go-Ahead to Begin Steps Toward Plant Restart - Freeport LNG (Houston, Texas) got approval from federal regulators on Thursday to take early steps to restart its fire-idled liquefied natural gas (LNG) export plant in Texas. Freeport, however, has not yet sought permission to restart the liquefaction trains that turn natural gas into LNG for export. That resumption of LNG production will have to come in a later request with federal regulators.
The U.S. Federal Energy Regulatory Commission (FERC) and the Department of Transportation's Pipeline and Hazardous Materials Safety Administration granted Freeport's request to begin cooling down some of the plant's piping systems. The procedure to cool down the pipes, which Freeport said would take about 11 days, would be a first step to returning the facility to normal operations after a seven-month outage. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
POWER
Duke Energy Begins Operations of Idaho Solar Power Plant - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced it has placed into commercial operation the 120-megawatt Jackpot Solar project in Twin Falls County, Idaho. It is the largest solar farm operating in Idaho and will provide energy to Idaho Power (Boise, Idaho) through a 20-year power purchase agreement. Subscribers to Industrial Info's Power Project Database can click here for more details. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops to 20-Month Low - U.S. natural gas futures dropped 4% to a 20-month low on Thursday despite a big weekly storage draw, as forecasts called for milder weather and lower heating demand next week than previously expected. The U.S. Energy Information Administration (EIA) said U.S. utilities pulled 91 billion cubic feet of gas from storage during the week ending January 20. Natural gas futures for February delivery fell 12.3 cents, or 4.0%, to settle at $2.944 per million British thermal units, their lowest close since May 2021. (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
Freeport LNG Get Go-Ahead to Begin Steps Toward Plant Restart - Freeport LNG (Houston, Texas) got approval from federal regulators on Thursday to take early steps to restart its fire-idled liquefied natural gas (LNG) export plant in Texas. Freeport, however, has not yet sought permission to restart the liquefaction trains that turn natural gas into LNG for export. That resumption of LNG production will have to come in a later request with federal regulators.
The U.S. Federal Energy Regulatory Commission (FERC) and the Department of Transportation's Pipeline and Hazardous Materials Safety Administration granted Freeport's request to begin cooling down some of the plant's piping systems. The procedure to cool down the pipes, which Freeport said would take about 11 days, would be a first step to returning the facility to normal operations after a seven-month outage. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
POWER
Duke Energy Begins Operations of Idaho Solar Power Plant - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced it has placed into commercial operation the 120-megawatt Jackpot Solar project in Twin Falls County, Idaho. It is the largest solar farm operating in Idaho and will provide energy to Idaho Power (Boise, Idaho) through a 20-year power purchase agreement. Subscribers to Industrial Info's Power Project Database can click here for more details. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops to 20-Month Low - U.S. natural gas futures dropped 4% to a 20-month low on Thursday despite a big weekly storage draw, as forecasts called for milder weather and lower heating demand next week than previously expected. The U.S. Energy Information Administration (EIA) said U.S. utilities pulled 91 billion cubic feet of gas from storage during the week ending January 20. Natural gas futures for February delivery fell 12.3 cents, or 4.0%, to settle at $2.944 per million British thermal units, their lowest close since May 2021. (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).
