U.S. LNG Exports, TC Energy: Your Daily Energy News

---

Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
U.S. LNG Exports Slip 5% - U.S. exports of liquefied natural gas (LNG) declined 5% to 6.84 million tonnes in January compared to the prior month as cold weather boosted domestic gas demand and as producers sent less gas to European customers, Refinitiv Eikon data showed on Wednesday. A total of 95 cargoes carrying LNG departed last month from U.S. ports, mainly bound for customers in Europe, which received 68% of exports. Asia took 23% of total, according to the data. (Reuters)

PIPELINES
TC Energy Hikes Coastal GasLink Price - Pipeline operator TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) on Wednesday raised its cost estimate for completing its troubled Coastal GasLink project, sending share prices sharply lower. The pipeline will transport natural gas to LNG Canada's (Kitimat, British Columbia) facility in British Columbia. Coastal GasLink's costs are now up 30% to C$14.5 billion (US$10.89 billion), from the project's previous estimate of C$11.2 billion (US$8.43 billion), which was already raised by 70% in July from the initial budget. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)

CRUDE OIL
U.S. Crude Oil, Fuel Stocks Rise - U.S. crude oil and fuel inventories rose last week to their highest levels since June 2021, the Energy Information Administration (EIA) reported. Crude oil inventories climbed 4.1 million barrels in the week ending January 27 to 452.7 million barrels. It was the sixth straight weekly build, as refining utilization declined and net imports climbed. The EIA said gasoline stockpiles climbed 2.6 million barrels to 234.6 million barrels. Distillate stockpiles increased 2.3 million barrels to 117.6 million barrels. (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) 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).