Venture Global LNG, Russia Oil Production: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
Russia's March Oil Output Down - Russian output of oil and gas condensate fell to 11.01 million barrels per day (BBL/d) in March from 11.06 million BBL/d in February, according to Reuters calculations based on an Interfax (London, England) report. A Russian analytical unit affiliated with the Energy Ministry did not publish monthly oil and gas output data on April 2, according to two clients, the first delay in years amid reports of a production decline. (Reuters)

NATURAL GAS
U.S. Gas Holds Near Nine-Week High - U.S. natural gas futures held near a nine-week high on Monday as forecasts for milder weather over the next two weeks offset early expectations for more demand during that time. Front-month gas futures fell 0.8 cents, or 0.1%, to settle at $5.712 per million British thermal units. On Friday, the contract closed at its highest since January 27 for a third day in a row. (Reuters)

LNG
Venture Global to Buy Gas for Louisiana LNG Plant from NextEra - U.S. liquefied natural gas (LNG) company Venture Global LNG (Arlington, Virginia) has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of U.S. energy company NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida). Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report. (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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.