Mountain Valley Pipeline Progresses, Entergy & NextEra Team Up: Your Daily Energy News

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

PIPELINES
Mountain Valley Pipeline Seeks to Commence Service - U.S. natural gas pipeline venture Mountain Valley, led by Equitrans Midstream (NYSE:ETRN) (Pittsburgh, Pennsylvania), asked federal regulators on Monday to authorize its West Virginia-Virginia pipeline project to be in service by June 11. The company said in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were being purged and packed with natural gas. (Reuters)

CRUDE OIL
U.S. Speeds SPR Replenishment - President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve (SPR) following its historic sale from the stockpile in 2022. The Department of Energy on Friday issued two solicitations to buy a combined 6 million barrels of crude oil for delivery to its Bayou Choctaw site in Louisiana from September through December. If those offers and previously announced ones are fulfilled, the department's purchasing rate would increase to about 4.5 million barrels per month for September, October and November from about 3 million barrels now. (Reuters)

POWER
Entergy, NextEra to Partner on Solar & Energy Storage Projects - Utility firm Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) and a unit of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) on Friday entered into an agreement to develop up to 4.5 gigawatts of new solar and energy storage projects. The five-year agreement will help Entergy provide renewable energy to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, the company said in a statement. (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).