In an attempt to leverage the state’s two biggest industries, North Dakota is considering construction of a world-scale, $1.5 billion nitrogen fertilizer plant. The plant could make use of some of the state’s natural gas now being flared in the face of low prices to fuel the facility, while the North Dakota Corn Growers Association (CGA) would use the plant to make anhydrous ammonia.
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Sunoco Deal Gives ETP Heavier Hydrocarbons, Marcellus Presence
Energy Transfer Partners LP (ETP) is buying Sunoco Inc. for $5.3 billion in a deal intended to diversify the natural gas midstream player’s business by adding transport of heavier hydrocarbons such as crude oil, natural gas liquids (NGL) and refined products. Acquisition of Philadelphia-based Sunoco would also give Dallas-based ETP assets in the Marcellus Shale region.
GAO: Government’s Efforts to Change U.S. Energy Mix Disappointing
The Department of Energy (DOE) has spent billions upon billions of dollars over the past 30 years on advanced energy technologies in an attempt to diversify the energy portfolio of the United States, but the impact has been minuscule, an official with the Government Accountability Office (GAO) told a House panel last Wednesday. He cautioned that the U.S. energy mix was likely to remain unchanged without more leadership at the federal level.
GAO: Government’s Efforts to Change U.S. Energy Mix Disappointing
The Department of Energy (DOE) has spent billions upon billions of dollars over the past 30 years on advanced energy technologies in an attempt to diversify the energy portfolio of the United States, but the impact has been minuscule, an official with the Government Accountability Office (GAO) told a House panel Wednesday. He cautioned that this is likely to continue if more leadership is not seen at the federal level.
NGI The Weekly Gas Market Report
Inergy to Acquire Stagecoach Gas Storage Facility for $205M
Looking to diversify from being purely a propane supply and distribution business, Kansas City, MO-based Inergy LP. said last week that it has entered into an agreement to purchase the Stagecoach natural gas storage facility located in Tioga County, NY, for $205 million.
Inergy LP to Acquire Stagecoach Natural Gas Storage Facility for $205M
Looking to diversify from being purely a propane supply and distribution business, Kansas City, MO-based Inergy LP. said Monday it has entered into an agreement to purchase the Stagecoach natural gas storage facility located in Tioga County, NY, for $205 million.
Aquila Energy Forms Gas Asset Acquisition Arm
In an effort to diversify its energy services, Aquila Energy,Utilicorp’s energy services subsidiary, recently formed a gas assetacquisition arm called Natural Gas Partners. The new entity willpurchase storage facilities, pipelines and other properties as wellas enter alliances, management deals and partnerships. The unit,which has not yet reached its full work force, is based in KansasCity, MO.