Offshore Terminal Plan Slowed by U.S. Shutdown
The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday.Enterprise plans to file a 10,000-page permit application with the U.S. Maritime Administration and the U.S. Coast Guard as soon as the U.S. government reopens. It takes about a year for regulators to process an application for a deep-water terminal."Tell me when the government opens and I'll tell you when it happens…
US Oil Export Boom Sparks Battle to Build Texas Ports
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…
Quay No.1 at Primorsk to Be out of Work for One Year
Quay No.1 at Russian Baltic port of Primorsk will be out of work for maintenance for around a year after accident last week, Russian pipeline operator Transneft said on Monday. Transneft said in a statement last week that the quay No.1 had been damaged while a tanker called the Delta Pioneer was being moored but that there was no threat to the environment from the accident. Urals loading plan for November won't be affected due to the accident as oil loadings from the quay No.1 will be redirected to quays No. 3 and 4, Transneft's spokesman said.
Europe Gas Terminal Group Sees Transport Use for LNG
European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for their product in ships and vehicles to absorb future arrivals from the global market, the group's president Wim Groenendijk said on Tuesday. While terminals only ran at a fifth of their capacity last year, GLE expects the EU bloc's green drive will help make them busier and absorb a wave of LNG from new origins such as the United States in coming years. The European Commission has started to acknowledge that gas has a bigger role to play in decarbonisation…
Keystone XL Costs to Nearly Double - TransCanada
The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday. TransCanada spokesman Shawn Howard confirmed comments made by chief executive officer Russ Girling during an interview in Washington, D.C., on Thursday. The comments were first reported by The Wall Street Journal. In an email, Howard said Girling had said the cost of the pipeline, previously estimated at $5.4 billion, had risen significantly.
Gazprom Scraps Plan to Cut Gas Deliveries
Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said. "Our (pipeline operator) Transgaz was notified by Gazprom's office in Sofia that gas deliveries will be in line with normal levels," Nicolescu told state news agency Agerpres. Gazprom had notified Romania of the cuts on Friday. (Reporting by Radu Marinas, editing by John Stonestreet)