Everyone knows “Texas tea” means oil, but in the Lone Star state, ethylene produced from booming supplies of natural gas liquids (NGL) might come to be known as “Texas sweetened tea” for the profitability it’s bringing to the Gulf Coast petrochemical industry.
Articles from Exports
With or without federal approval for liquefied natural gas (LNG) exports to nonfree trade agreement (FTA) nations, Sempra Energy is moving ahead with permit applications and engineering plans at its existing Cameron, LA, LNG import facility, Sempra executives said Tuesday. At the same time, the Sempra execs reiterated that the company is leaving the merchant power space.
In the article “XTO, MarkWest Execs Tout Shale Success, Push Public Interaction, LNG Exports” (see Shale Daily, Sept. 21), NGI’s Shale Daily incorrectly stated that the Golden Pass liquefied natural gas terminal project is being developed by Cheniere Energy Inc. The Golden Pass Products liquefaction expansion project is a partnership of affiliates of Qatar Petroleum International (70% ownership) and ExxonMobil Corp. (30%). NGI’s Shale Daily regrets the error.
Chesapeake Energy Corp. CEO Aubrey McClendon, who Thursday spoke to analysts publicly for the first time in months beyond the Oklahoma City boardroom, said the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.
FERC has approved two orders that allow the El Paso Natural Gas and Kinder Morgan Texas pipeline systems to increase natural gas exports to northern Mexico.
Japanese chemical manufacturer Kuraray Co. Ltd. announced Tuesday that it plans to take advantage of an abundance of shale gas in the United States and will build a $10.1 million facility in Texas to produce plastic.
All the things that North America’s natural gas operators are doing today to gin up demand for the fuel here and abroad — liquefied natural gas (LNG) exports, increased use as a transportation fuel, petrochemical facility expansions, power plant conversions from coal to gas and more — already are being investigated by ExxonMobil Corp. today, an executive said last week.
All the things that North America’s natural gas operators are doing today to gin up demand for the fuel here and abroad — liquefied natural gas (LNG) exports, increased use as a transportation fuel, petrochemical facility expansions, power plant conversions from coal to gas and more — already are being investigated by ExxonMobil Corp. today, an executive said Thursday.