North America downstream news

Neste has expanded its capability to supply renewable fuels to customers on the West Coast of the US, in cooperation with Vopak.

Sempra Infrastructure has announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorising the Port Arthur LNG Phase 2 expansion project.

Strategic Biofuels has announced that its Louisiana Green Fuels (LGF) project has been issued an air permit from the Louisiana Department of Environmental Quality (DEQ).

The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd in 1H23.

NextDecade has announced that its subsidiary, Rio Grande LNG, has entered into a credit agreement with a group of lenders for US$356 million of senior loans.

Monthly average natural gas wholesale spot prices at the US benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers.

ExxonMobil has announced the startup of two new chemical production units at its Baytown, Texas, US, manufacturing facility.

Use of energy for transportation remained low in the US during 2021 compared with pre-pandemic levels and only increased in 12 states.

The US exported more natural gas in 1H23 than in any other previous six-month period, 11% more than in the same period in 2022.

Sempra Infrastructure has announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.