Navitas Midstream’s assets, which Enterprise said complements its presence in the Delaware Basin, include approximately 1,750 miles of pipelines and over 1 Bcf/d of cryogenic natural gas processing capacity.
ConocoPhillips’ Australian subsidiary now owns a 47.5% interest in Australia Pacific LNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively.
Analysts at Mizuho said Energy Transfer likely squeezed past Kinder Morgan into the lead position to build the next Permian Basin pipeline.
The divestiture proceeds will help position NuStar Energy for future opportunities and allow us to continue to pay down debt and improve its leverage, says President and CEO Brad Barron.
Cushing’s importance to the market has waned in recent years as producers send more inventories to the U.S. Gulf for export, but it is still notable as it is the delivery point for U.S. crude futures.
The joint service offering will be focused on the Mississippi River corridor, which is one of the largest concentrated sources of CO2 emissions in the country.
The $11 billion Nord Stream 2 pipeline was built last September across the Baltic Sea from Russia to Germany, but has been idle pending German and EU regulatory clearance.
Venture Global said the Repsol contract was for 18.25 Bcf of natural gas per year for its Plaquemines LNG export plant in Louisiana and will last three years.
The second part of East Daley’s Dirty Little Secrets focuses on financials, and how 24 of the largest midstream companies will manage the generation of capital.
Venture Global received permission on Feb. 11 from federal energy regulators to load LNG on the first commissioning vessel at its Calcasieu Pass export plant in Louisiana.