U.S. Power Reliability, Venture Global LNG: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
NERC: U.S. to Face Increasing Power Reliability Issues - The organization responsible for North American electric reliability said on Friday that several parts of the U.S. could face energy shortfalls during the next decade due to insufficient power generation resources. The North American Electric Reliability Corporation (NERC) said in a study that there is a high probability of insufficient resources and energy to serve electricity demand as early as summer 2022 in many parts of the Western Interconnection, which includes California and other states in the U.S. West. (Reuters)

LNG
Venture Global to Sell LNG to China National Offshore Oil Corporation - Venture Global LNG (Arlington, Virginia) said on Monday it has signed a 20-year deal to sell liquid natural gas (LNG) to a unit of China National Offshore Oil Corporation (CNOOC). Venture Global said it will supply 2 million metric tons of LNG per year from its Plaquemines LNG export facility in Louisiana to CNOOC Gas & Power Group. (Reuters)

NATURAL GAS
U.S. Gas Futures Gain 4% - U.S. natural gas futures rose nearly 4% on Monday on forecasts for colder weather that could result in higher heating demand over the next two weeks and a jump in European gas prices that should keep U.S. LNG exports near record highs. Front-month gas futures rose 14.4 cents, or 3.9%, to settle at $3.834 per million British thermal units. (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.