Chevron Phillips Chemical Co. LLC and Qatar Petroleum (QP) are stepping up to take advantage of Lower 48 natural gas and plan to jointly develop a huge petrochemical plant on the Gulf Coast that would include an ethylene cracker and two high-density polyethylene units.
Articles from Coast
Natural gas pipeline capacity into the South Central region, the epicenter of anticipated demand growth from exports to Mexico and via liquefied natural gas (LNG) terminals, is expected to climb to 19 Bcf/d by the end of the year, according to the Energy Information Administration (EIA).
Global natural gas markets are well supplied, but the transformation from regional systems to interdependent markets is creating security challenges, including on the U.S. Gulf Coast, the International Energy Agency (IEA) said in an annual assessment.
With so much new supply hitting the market over the next few years, and with incremental demand from the Gulf Coast, natural gas producers haven’t seen the last of widening basis differentials, according to RBN Energy LLC’s Rusty Braziel.
Hurricane Harvey’s lingering impact on the Texas energy sector is forcing producers to reduce guidance, not only from shut-ins in the Eagle Ford Shale but also because of petrochemical limitations at Gulf Coast processing facilities.
Sempra Energy and Boardwalk Pipeline Partners LP are joining the competition to carry natural gas from the Permian Basin to the Texas Gulf Coast, after launching a nonbinding, open season through Sept. 14 to solicit interest in a 470-mile pipeline.
Upstream technological advancements have fundamentally altered the outlook for natural gas and oil, with the Gulf Coast ready and able to expand gas export capability and petrochemical growth, according to a new study.
ExxonMobil Corp., which last week said it would move more global investment to the U.S. onshore, on Monday unveiled a $20 billion plan to expand manufacturing capacity along the Gulf Coast, fueled by domestic natural gas and oil.
While Canadian liquefied natural gas (LNG) projects stall on high costs, a more economical byproduct sideline is advancing.
July natural gas is set to open 4 cents lower Tuesday morning at $2.55 as traders factor in a supportive weather environment and an accelerating decline in the storage surplus. Overnight oil markets fell.