Venture Global, CenterPoint, SPR Refill: 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.

LNG
Venture Global Gets Permission to Introduce Gas into Final LNG Production Block - Venture Global LNG (Arlington, Virginia) received permission to introduce natural gas into the final block of its Plaquemines liquefied natural gas (LNG) export facility in Louisiana on Tuesday, according to a filing from the Federal Energy Regulatory Commission (FERC). The FERC approval means Venture Global could be producing LNG from its entire Plaquemines export facility by the end of the week, more than a year before the company is expected to provide its first set of long-term customers with their contracted amounts of gas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the project report. (Reuters)

NATURAL GAS
CenterPoint to Sell Ohio Gas Distribution Business - CenterPoint Energy (Houston, Texas) will sell its natural gas distribution unit in Ohio to National Fuel Gas (Williamsville, New York) for $2.62 billion, as the utility focuses on its core regulated electric and gas operations in other states. Assets being sold include about 5,900 miles of transmission and distribution pipeline in Ohio serving about 335,000 metered customers, CenterPoint said. (Reuters)

CRUDE OIL
U.S. Seeks 1 Million Barrels of Oil for Strategic Petroleum Reserve - The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve (SPR), as it seeks to take advantage of relatively low oil prices to help replenish the stockpile. The previous administration of former President Joe Biden sold record amounts of oil from the SPR, including a 180 million-barrel sale after Russia, one of the world's top oil producers, invaded Ukraine in 2022. The reserve, which has about a 700 million-barrel capacity, is now holding nearly 409 million barrels. (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) 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).