Sempra Energy, U.S. Oil Exports: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Sempra to Proceed with Port Arthur LNG Project - Sempra Energy (NYSE:SRE) (San Diego, California) announced that it has made a positive final investment decision to proceed with Phase I of its liquefied natural gas (LNG) project in Port Arthur, Texas. Phase I includes construction of two production trains with a combined capacity of 13 million tonnes per annum. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (PR Newswire)

CRUDE OIL
U.S. Oil Exports to Europe to Hit Record in March - U.S. crude oil exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Volumes of crude oil to Europe, loaded on very large crude carriers (VLCCs) that typically carry about 2 million barrels, this month look set to reach a record high, according to Kpler data. (Reuter)

EUROPE
French Strike Continues to Block Refinery Shipments - Shipments of refined products from French refineries and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow. The industrial action is part of a nationwide movement against pension system changes that lift the retirement age two years to 64. The changes were forced through parliament without a vote last week. "We expect product shortages by April (in France)," one trader said. Long-range tankers are unable to enter French ports currently due to the strike, restricting diesel imports, traders said. (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).