RWE, U.S. Gas Storage Gain: 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.

LNG
U.S. LNG Exporters to Stick with Methane Measure Despite EPA Rollback - U.S. liquefied natural gas (LNG) exporters, seeking to meet standards of overseas import markets, plan to continue to monitor and curb their methane emissions despite President Donald Trump's plans to roll back climate regulations, two trade groups told Reuters. The Environmental Protection Agency last week announced the "most consequential day of deregulation" in U.S. history, unveiling 31 deregulatory actions to reverse former President Joe Biden's climate-focused agenda. Among the moves was a rollback of a requirement for companies to report their annual emissions of the powerful greenhouse gas methane, as well as a decision to review the endangerment finding, the legal foundation for all U.S. climate regulation that identifies greenhouse gases as pollutants. For companies seeking to export U.S. natural gas to customers in the European Union (EU) and Asia, the rollbacks are unlikely to have an effect on operations, according to Fred Hutchison, president of industry group LNG Allies. "Whatever changes are made to how the United States regulates methane, including the endangerment finding, the EU methane regulation remains unchanged," Hutchison said, referring to European import standards. Chris Treanor, representing LNG coalition Partnership to Address Global Emissions, said, ""Our members have invested tens of millions of dollars reducing their emissions all before any U.S. regulations were in place. They are committed to continuing to drive down their emissions." (Reuters)

NATURAL GAS
U.S. Utilities Add Gas to Storage - The U.S. Energy Information Administration (EIA) said utilities added 9 billion cubic feet (Bcf) of natural gas to storage during the week ending March 14. That compares with an increase of 5 Bcf during the same week last year and a five-year average draw of 31 Bcf for this time of year. Despite the storage build, gas stockpiles were still around 10% below normal levels for this time of year after extreme cold weather in January and February forced energy firms to pull large amounts of gas out of storage, including record amounts in January. (Reuters)

POWER
RWE, Meta Announce PPA for Texas Solar Farm - RWE AG (Essen, Germany) and Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) this week announced a new power purchase agreement (PPA) for offtake from a 200-megawatt solar project in Texas. Under the agreement, Meta will purchase 100% of the output from RWE's Waterloo Solar project in Bastrop County, Texas, which is set to begin onsite construction later this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (RWE)

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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).