Ethane

Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.  These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…

April 19, 2021
No Deal Yet as Braskem Idesa, Pemex In Talks to Modify Ethane Supply Contract

No Deal Yet as Braskem Idesa, Pemex In Talks to Modify Ethane Supply Contract

The terms of a new ethane supply agreement between Mexican national oil company Petróleos Mexicanos (Pemex) and petrochemical firm Braskem Idesa remain under discussion, despite indications from the government that a new agreement had been finalized, according to management of Braskem Idesa parent Braskem SA. The current 20-year, take-or-pay/supply-or-pay contract for Pemex to supply 66,000…

March 17, 2021
Energy Transfer Texas Terminal Exports First Very Large Ethane Carrier

Energy Transfer Texas Terminal Exports First Very Large Ethane Carrier

The first very large ethane carrier (VLEC) has been exported from Energy Transfer LP’s (ET) Nederland Terminal in East Texas loaded with more than 911,000 bbl of ethane destined for northeastern Jiangsu Province, China. Dallas-based ET said the VLEC was loaded by Orbit Gulf Coast NGL Exports LLC, its joint venture with Satellite Petrochemical USA…

January 20, 2021
Bakken Midstream Mulling Ethane-Natural Gas Power Plant

Bakken Midstream Mulling Ethane-Natural Gas Power Plant

Bakken Midstream Natural Gas LLC is considering developing a dual-fuel electric cooperative power plant in North Dakota that would primarily operate on ethane, with natural gas also in the fuel mix. Bakken Midstream is proposing to build the Williston Basin Energy Center for Mountrail-Williams Electric Cooperative near Williston, ND, in the heart of the Bakken…

January 19, 2021
Fitch Downgrades Braskem Idesa After Mexico Cuts off Natural Gas Transport Service

Fitch Downgrades Braskem Idesa After Mexico Cuts off Natural Gas Transport Service

Fitch Ratings has downgraded the debt of Mexico petrochemicals firm Braskem Idesa after state natural gas pipeline operator Cenagas cut off natural gas transport service to the firm’s Etileno XXI polyethylene complex in Veracruz state. With the transport service rescinded, Braskem Idesa was forced to shut down Etileno XXI, the largest petrochemicals operation in Latin…

December 9, 2020
COLUMN: Cessation of Gas Supply to Etileno XXI Worrying Sign for Energy Industry

COLUMN: Cessation of Gas Supply to Etileno XXI Worrying Sign for Energy Industry

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

December 4, 2020
Phillips 66 Sees Midstream Consolidation as ‘Likely to Happen’

Phillips 66 Sees Midstream Consolidation as ‘Likely to Happen’

After the recent flurry of mergers and acquisitions in the upstream space across North America, Phillips 66 thinks the midstream space is ripe for consolidation. The Houston-based management group discussed third quarter performance for the energy manufacturing and logistics firm during a conference call with analysts Friday. CFO Kevin Mitchell thinks the company could position…

November 2, 2020
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…

September 29, 2020
Mexico Poised to Ramp Up Ethane Imports Amid Insufficient Local Supply

Mexico Poised to Ramp Up Ethane Imports Amid Insufficient Local Supply

Mexico will need to build out infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno XXI…

August 27, 2020
Increased Ethane Imports Said Necessary to Keep Mexico Petchem Industry Afloat

Increased Ethane Imports Said Necessary to Keep Mexico Petchem Industry Afloat

Mexico will need to build out new infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno…

August 26, 2020
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