“Contrary to investor expectations, the world is going to need more LNG in the initial phase of the energy transition,” analysts from Morgan Stanley wrote in a research note.
The Corpus Christi Stage 3 project is expected to have a nominal production capacity of approximately 10 million tonnes per annum.
The combination with Altus Midstream creates the largest pure-play midstream company in the Permian Basin, providing the scale necessary for long-term success, says EagleClaw CEO Jamie Welch.
The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.
Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.
Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.
For China—which has this year overtaken Japan as the world's top LNG buyer—the deals will be its single largest LNG trade agreement in terms of volumes without an equity stake, a senior Beijing-based gas industry source said.
New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.
Jeff Householder, president and CEO of Chesapeake Utilities Corp. said the pipeline represents the "first of many RNG projects under development that will deliver energy that contributes to a sustainable future."