Infrastructure

Algeria, Europe’s third largest natural gas supplier, is planning to boost LNG and pipeline exports to the continent this year as it continues to wean off Russian supplies. Nearly 85% of the country’s gas exports are already designated for Europe, making Algerian President Abdelmadjid Tebboune’s pledge to nearly double them to 100 billion cubic meters…

Phillips 66 has been certified to process oil made from waste plastics into feedstock at its Sweeny Refinery southwest of Houston in Brazoria County. The Houston-based company achieved an International Sustainability and Carbon Certification (ISCC) Plus for the facility in Old Ocean near the Texas coast. The global sustainability certification system covers all sustainable feedstocks,…

The lack of available storage options for natural gas and fuels continues to challenge the Mexican energy industry, leaving the country vulnerable in the event of supply interruptions, such as aberrational weather or unforeseen outages, executives said this week. Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey, stakeholders  in Mexico’s government and private…

Fresh off another record quarter, the Port of Corpus Christi in South Texas solidified a banner year in which tonnage reached new heights as demand soared for refined products and crude oil, along with LNG exports. The port achieved a new annual tonnage record of 187.9 million tons – a 12% increase over 2021 volumes,…

The massive opportunities presented by nearshoring were all the rage at a packed energy conference in Monterrey, Nuevo León, on Wednesday. Industry Exchange LLC’s 8th Mexico Infrastructure Projects Forum kicked off with government officials and executives expounding on the theme. Nuevo León Economy Secretary Iván Rivas said, “We will do everything to take advantage of…

Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.’s Plaquemines LNG export facility. In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline…

Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…

The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness. Spark Commodities on Tuesday assessed spot freight rates for Feb. 8-March 10 deliveries in the Atlantic at $60,500/day, unchanged from Monday.…

Texas regulators have put forth a plan – albeit one short on details – to overhaul the state’s electricity market in a bid to shore up reliability, but questions remain regarding its affordability, implementation, and ultimately, performance. The Public Utility Commission of Texas (PUC) last week unanimously adopted the performance credit mechanism (PCM), dubbed by…