TC Energy, EQT: 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.

CORPORATE
TC Energy to Sell Portland Gas Transmission System - TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) said on Monday it has agreed to sell its Portland Natural Gas Transmission System (PNGTS) to a BlackRock Incorporated (NYSE:BLK) (New York, New York)-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of its ongoing efforts to reduce debt and fund investments. (Reuters)

PRODUCTION
EQT to Reduce Natural Gas Production Through March - EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania) will curtail nearly 1 billion cubic feet (Bcf) per day of natural gas production through March, it said on Monday, as companies respond to persistently low prices of the commodity. EQT said the reduction is expected to total nearly 30 Bcf to 40 Bcf of net production during the first quarter. (Reuters)

GOVERNMENT
U.S. Considers Selling Northeast Gasoline Reserve in Draft Bill - The U.S. may sell its 1 million-barrel Northeast gasoline reserve in fiscal-year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern U.S. without fuel, is located in New York Harbor, New York, Boston, Massachusetts and Portland, Maine. The proceeds from the sale of the refined products in the reserve would be deposited into the Treasury's general fund, according to the text of the bill, which is likely to pass this week. (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).