Venture Global, Shell, Alberta Fuel Tax Waiver: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant - U.S. liquefied natural gas (LNG) exporter Venture Global LNG (Arlington, Virginia) said on Monday that oil and gas major Shell Plc (NYSE:SHEL) (London, England) has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana. The contract is for 2 million metric tons per year of LNG for 20 years, Venture Global said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed project report. (Reuters)

GOVERNMENT
Alberta to Drop Fuel Tax as Prices Mount - Canada's main oil-producing province Alberta will drop its provincial fuel tax to give consumers some relief from soaring energy prices, Premier Jason Kenney said on Monday. The fuel tax waiver, taking effect on April 1, will knock 13 Canadian cents per liter off the price at the pump and remain in place while U.S. crude oil remains more than $90 a barrel. (Reuters)

NATURAL GAS
U.S. Natural Gas Slides on Milder Forecasts - U.S. natural gas futures slid more than 3% on Monday on forecasts for less cold weather and lower heating demand next week than previously expected. That price decline came even though soaring global oil and gas prices kept demand for U.S. LNG exports strong. Front-month gas futures fell 18.3 cents, or 3.6%, to settle at $4.833 per million British thermal units. (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), 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 LinkedIn.