PennTex Midstream Partners LP's Mt. Olive natural gas processing plant and related residue gas and natural gas liquids (NGL) pipelines at the Terryville Complex in northern Louisiana near Ruston have been completed and placed into service, increasing processing capacity to 400 MMcf/d. The facility consists of a 200 MMcf/d cryogenic processing plant with on-site liquids-handling facilities for inlet gas, additional residue gas and NGL pipelines. The 14-mile residue gas pipeline has throughput capacity of 400 MMcf/d and provides market access from the partnership's processing plants. The 41-mile NGL pipeline has throughput capacity of more than 36,000 b/d and provides transportation to downstream markets for NGLs produced from the partnership's plants. The second phase of the complex is now completed. The first phase was completed in May and included the Lincoln Parish plant, a 200 MMcf/d cryogenic processing plant, and 31 miles of related gas gathering and residue gas pipelines. Services are provided under long-term, fee-based agreements.
CME Group said it will develop and clear energy derivatives based on the Rim Intelligence DES (delivered ex ship) Japan LNG Assessment to be available via the Japan over the counter (OTC) exchange and through OTC brokers. Rim Intelligence is an energy price information provider for Japan and has agreed to license its assessment to CME. CME is hoping to attract market participants that want to mitigate price risk while building liquidity in the contracts. "Thanks to the clearing service provided by CME Group, the safety of LNG transactions on Japan OTC Exchange will be greatly enhanced and will allow our members to trade with a high level of comfort, which I believe would lead to the further development of the LNG markets in Asia," said Takamichi Hamada, CEO of Tokyo Commodity Exchange.