Southern Company, Sinopec: 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
Sinopec to Build $2.8 Billion LNG-Receiving Terminal - Sinopec has signed an investment contract with the government of Zhoushan city in China to build a 20 billion-yuan ($2.79 billion) liquefied natural gas (LNG) receiving terminal. The project, which will be jointly constructed and operated with a local government-backed company, will have annual LNG receiving capacity of 15 million tonnes. (Reuters)

POWER
Southern Company Commits to Net-Zero Emissions by 2050 - U.S. utility Southern Company (NYSE:SO) on Wednesday committed to reducing its carbon emissions to "net zero" by 2050 following investor pressure to set a more ambitious goal to combat climate change. (Reuters)

CRUDE OIL
U.S. Crude Oil Stocks Rise - U.S. crude oil inventories rose sharply last week, the Energy Information Administration said on Thursday. Crude inventories posted a gain of 7.9 million barrels in the week ending May 22, largely due to imports. That brought overall U.S. stocks to 534.4 million barrels. U.S. gasoline stocks fell 724,000 barrels to 255 million barrels. (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 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.