Nat Gas News – April 12, 2017

Nat Gas News – April 12, 2017

In the News

Natural gas liquids pipeline to stretch from Permian to Houston area

Houston Chronicle reports: Energy infrastructure giant Enterprise Products Partners said it will build a 571-mile pipeline from the Permian Basin to the Houston area to transport natural gas liquids. The pipeline project is another sign that West Texas is booming again with oil and gas and the Houston area is growing as the hub for those resources to either be processed or exported. Oil gets all of the attention, but the natural gas streams from the shale rock are used to create petrochemicals, electricity or other products. Houston-based Enterprise said the planned Shin Oak NGL pipeline will start northwest of Midland in Gains County and end at its Mont Belvieu complex, where Enterprise can separate the natural gas liquids into products like ethane, propane and butane. Ethane is the primary feedstock of the Gulf Coast’s growing petrochemical sector. For more visit houstonchronicle.com or click the following link: http://bit.ly/2oVtJiv

US shale gas offers hope to struggling shipyards

LNG Industry reports: rising demand for cleaner fuels is offering a glimmer of hope for the many shipyards in Asia that have been fighting to survive a slowdown by cutting jobs and seeking bailouts. Contracts for vessels to transport LNG are picking up amid an abundance of shale gas in the US and increasingly stringent curbs on pollution. The world may need about 180 more vessels to move LNG, benefiting shipbuilders with expertise in this area such as Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co., and Mitsubishi Heavy Industries Ltd., according to Hana Financial Investment Co. in Seoul. Globally, the three biggest shipyards, all based in South Korea, have as much as 80% of the LNG tanker market. For more visit lngindustry.com or click http://bit.ly/2nE0kJF

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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.

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