Natural Gas News – July 13, 2018
Natural Gas News – July 13, 2018
$550 Million Texas Natural Gas Project Gets Tax Abatements from Nueces County
Chron reported: A $550 million natural gas liquids separation project received eight years of tax abatements from Nueces County. The Houston company Permico Midstream Partners’ Texas NGL Project includes a natural gas liquids fractionator that can process around 300,000 barrels of liquids a day and separate them into their component parts, such as ethane, propane and butane. The facility would be connected to more than 500 miles of pipelines from the Permian Basin in West Texas to the Gulf Coast. Ethane is used in plastics production and as a petrochemical feedstock. The Nueces County commissioners court approved tax abatements that would be 100 percent for up to three years of construction and another five years of 70 percent tax abatements. For more on this story visit chron.com or click https://bit.ly/2mgmyOM
Clean Energy is Catching Up to Natural Gas
Vox reported: For around 10 years, the conventional wisdom in the energy sector has been that natural gas is ascendant. Coal is dirty, and it’s getting expensive, but it’s too early to jump all the way to renewable energy. To get from the fossil fuel present to the renewable future, we will need … a bridge. Natural gas is meant to be that bridge, a way to reduce our emissions relative to coal while we work on scaling up renewables. (The shift from coal to gas is a big part of why US emissions have declined over the past few years.) In its role as a bridge, natural gas seems to have a comfortable future. First, it will replace coal and nuclear “baseload” plants, and then, as renewables grow to supply the bulk of power, it will provide flexibility, filling in the gaps where variable renewables (wind and solar) fall short. By playing these multiple roles, natural gas will long outlive coal and prove useful well into the latter half of the 21st century. It will enjoy a long, slow exit. Or so the story goes. For more on this story visit vox.com or click https://bit.ly/2KU1Z9h
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
