Venture Global, U.S. Crude Oil Production: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Venture Global Inks LNG Supply Deal with Excelerate Energy - U.S. liquefied natural gas (LNG) company Venture Global LNG (Arlington, Virginia) said on Tuesday it would supply 0.7 million tonnes of LNG per year to Excelerate Energy Incorporated (NYSE:EE) (The Woodlands, Texas) for 20 years. The LNG will be supplied to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana on a free-on-board basis. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for details on the Plaquemines project. (Reuters)

PRODUCTION
U.S. Crude Oil Production Declines in December - U.S. crude oil production fell in December to 12.10 million barrels per day (BBL/d), its lowest since August 2022, U.S. Energy Information Administration (EIA) data showed on Tuesday. Among the top oil producing states, monthly output in Texas sank 1.2% to 5.15 million BBL/d, also its lowest since August 2022, the EIA said. In North Dakota, output sank 12.5% to about 950,000 BBL/d, its lowest since April 2022. (Reuters)

COAL
German Coal Imports Increased in 2022 - Germany last year imported 44.4 million tonnes of hard coal, 8% more than a year earlier, as it burnt more coal after Russia turned off the gas taps, industry figures showed on Monday. Russia's coal shipments to the country dropped by 37% in the year. Despite the sharp decline, Russia remained Germany's top coal supplier for the year. Russia accounted for a 13 million-tonne share, 29.3% of the total. (Reuters)

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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).