Released October 05, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PIPELINES
Canada Invokes 1977 Pipeline Treaty Over Line 5 Dispute - Canada on Monday formally invoked a 1977 treaty with the U.S. to request bilateral negotiations over Enbridge Incorporated's (NYSE: ENB) (Calgary, Alberta) Line 5, escalating a long-running dispute over one of Canada's major oil export pipelines. Line 5 ships 540,000 barrels per day of crude oil and refined products from Superior, Wisconsin, to Sarnia, Ontario, but the state of Michigan ordered Enbridge to shut it down due to worries a leak could develop in a four-mile section running beneath the Straits of Mackinac in the Great Lakes. Enbridge ignored Michigan's order, and the sides are embroiled in a legal battle. The government of Canada has been pushing counterparts in the U.S. to intervene, and Monday's move marks a step up in its efforts to help safeguard the pipeline. (Reuters)
Nord Stream 2 Starts Filling Pipeline with Gas for Tests - Russia and Europe's Nord Stream 2 natural gas pipeline has started filling one of its two pipelines with natural gas for tests, said the operator. "The first string will be filled gradually to build the required inventory and pressure as a prerequisite for later technical tests," the Nord Stream 2 operating company said on Monday. Pre-commissioning steps for the second string are ongoing, it added. (Reuters)
CORPORATE
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal - Investment firm Stonepeak (New York, New York) said on Monday it would buy Teekay LNG Partners (NYSE:TGP) (Bermuda) in a deal worth $6.2 billion, as it looks to take advantage of rising global demand for liquefied natural gas (LNG). The companies expect to close the deal by the end of 2021. (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), 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.
PIPELINES
Canada Invokes 1977 Pipeline Treaty Over Line 5 Dispute - Canada on Monday formally invoked a 1977 treaty with the U.S. to request bilateral negotiations over Enbridge Incorporated's (NYSE: ENB) (Calgary, Alberta) Line 5, escalating a long-running dispute over one of Canada's major oil export pipelines. Line 5 ships 540,000 barrels per day of crude oil and refined products from Superior, Wisconsin, to Sarnia, Ontario, but the state of Michigan ordered Enbridge to shut it down due to worries a leak could develop in a four-mile section running beneath the Straits of Mackinac in the Great Lakes. Enbridge ignored Michigan's order, and the sides are embroiled in a legal battle. The government of Canada has been pushing counterparts in the U.S. to intervene, and Monday's move marks a step up in its efforts to help safeguard the pipeline. (Reuters)
Nord Stream 2 Starts Filling Pipeline with Gas for Tests - Russia and Europe's Nord Stream 2 natural gas pipeline has started filling one of its two pipelines with natural gas for tests, said the operator. "The first string will be filled gradually to build the required inventory and pressure as a prerequisite for later technical tests," the Nord Stream 2 operating company said on Monday. Pre-commissioning steps for the second string are ongoing, it added. (Reuters)
CORPORATE
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal - Investment firm Stonepeak (New York, New York) said on Monday it would buy Teekay LNG Partners (NYSE:TGP) (Bermuda) in a deal worth $6.2 billion, as it looks to take advantage of rising global demand for liquefied natural gas (LNG). The companies expect to close the deal by the end of 2021. (Reuters)
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), 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.
