As several pipelines connecting West Texas and the Gulf Cast near completion, various companies have proposed at least eight offshore oil-export terminals…
YPF’s 2018 hydrocarbon production will likely fall by 3% to 4% on the year as low natural gas demand forces it to close wells and shift its focus to Vaca Muerta shale oil.
Energy Transfer Partners plans to build a crude pipeline with an initial capacity of up to 600,000 barrels per day from the Permian basin to the Houston Ship Channel and Nederland, Texas.
The transition of the U.S. to net exporter of natural gas by 2018 is to be driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas. The Sabine Pass facility in Louisiana became the first operating LNG export facility in the Lower 48 states in 2016. By 2021, four LNG export facilities are expected to be completed with a combined operational export capacity of 9.2 billion cubic feet per day. The EIA also projects the U.S. to become a net exporter of total energy in the 2020s.
