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Released July 12, 2018 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
U.S. Natural Gas Output, Consumption Seen Reaching Record Highs in 2018 - U.S. dry natural gas production should rise to an all-time high of 81.34 billion cubic feet per day (Bcf/d) in 2018 from 73.57 Bcf/d in 2017, according to the Energy Information Administration's Short Term Energy Outlook on Tuesday. The EIA also projected U.S. gas consumption would rise to an all-time high of 79.65 Bcf/d in 2018 from 74.22 Bcf/d in 2017. (Reuters)
PIPELINES
U.S. Approves Startup of Natural Gas Pipeline in New York - The U.S. Federal Energy Regulatory Commission on Monday approved Millennium Pipeline's request to start service on the Valley lateral natural gas pipeline project in New York. The 0.13 billion-cubic-feet-per-day pipeline will connect Competitive Power Ventures' 680-megawatt Valley Energy Center, which entered service in February using diesel as its fuel. (Project 14003622) (Reuters)
CRUDE OIL
U.S. Oil Supplies Fall - U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks to their lowest point since February 2015, the Energy Information Administration said on Wednesday. (Reuters)
OPEC Sees Lower Demand for its Crude Next Year - OPEC on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus despite an OPEC-led pact to restrain supplies. (Reuters)
LNG
Shell Prepares for Final Investment Decision at Kitimat LNG Facility - This Bloomberg article discusses how Canada is becoming optimistic that Royal Dutch Shell plc (NYSE:RDS-A) and its partners are ready to go ahead with the nation's largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas (LNG) terminal in Kitimat, British Columbia, that could at last unlock Canadian energy exports to Asia. (Project 300090565) (Bloomberg)
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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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
NATURAL GAS
U.S. Natural Gas Output, Consumption Seen Reaching Record Highs in 2018 - U.S. dry natural gas production should rise to an all-time high of 81.34 billion cubic feet per day (Bcf/d) in 2018 from 73.57 Bcf/d in 2017, according to the Energy Information Administration's Short Term Energy Outlook on Tuesday. The EIA also projected U.S. gas consumption would rise to an all-time high of 79.65 Bcf/d in 2018 from 74.22 Bcf/d in 2017. (Reuters)
PIPELINES
U.S. Approves Startup of Natural Gas Pipeline in New York - The U.S. Federal Energy Regulatory Commission on Monday approved Millennium Pipeline's request to start service on the Valley lateral natural gas pipeline project in New York. The 0.13 billion-cubic-feet-per-day pipeline will connect Competitive Power Ventures' 680-megawatt Valley Energy Center, which entered service in February using diesel as its fuel. (Project 14003622) (Reuters)
CRUDE OIL
U.S. Oil Supplies Fall - U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks to their lowest point since February 2015, the Energy Information Administration said on Wednesday. (Reuters)
OPEC Sees Lower Demand for its Crude Next Year - OPEC on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus despite an OPEC-led pact to restrain supplies. (Reuters)
LNG
Shell Prepares for Final Investment Decision at Kitimat LNG Facility - This Bloomberg article discusses how Canada is becoming optimistic that Royal Dutch Shell plc (NYSE:RDS-A) and its partners are ready to go ahead with the nation's largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas (LNG) terminal in Kitimat, British Columbia, that could at last unlock Canadian energy exports to Asia. (Project 300090565) (Bloomberg)
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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
