Suncor, Record U.S. Power Use: 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.

CRUDE OIL
Suncor to Sell Trans Mountain-Shipped Oil Directly - Canada's Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta) is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximize profits on oil being shipped on the newly completed Trans Mountain pipeline expansion (TMX), the company said on Wednesday. TMX, which began commercial operations last week, will ship an extra 590,000 barrels per day from Alberta to Canada's Pacific coast and is expected to increase access to markets in Asia and the U.S. West Coast. (Reuters)

POWER
EIA: U.S. Power Use to Reach Record Highs in 2024, 2025 - U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook this week. The EIA projected power demand will rise to 4,103 billion kilowatt-hours (kWh) in 2024 and 4,159 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record 4,067 billion kWh in 2022. (Reuters)

LNG
Vietnam Begins Commissioning Second LNG Import Terminal - Vietnam has started the commissioning phase of its second liquefied natural gas (LNG) terminal, which is on track to start commercial operations in September, the Singapore partner in the operating company said in a statement on Wednesday. The Cai Mep LNG terminal is located in Vietnam's southern Ba Ria Vung Tau province with capacity to import 3 million metric tons of LNG a year. Subscribers to Industrial Info's GMI Terminals Project Database can click here for more details on the project. (Reuters)

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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).