North America downstream news

XRG will increase its overall participation in Rio Grande by acquiring additional 7.6% equity interests in Trains 4 and 5 of the Rio Grande LNG project, Texas, US, from an acquisition vehicle of Global Infrastructure Partners.

The IEA has predicted that rapid expansion of LNG supply, mostly from North America, is expected to reduce market pressures at a time of heightened geopolitical uncertainty.

CF Industries Holdings Inc., Trafigura, and TFG Marine have announced the signing of a memorandum of understanding (MoU) to facilitate the adoption of low-carbon ammonia as a marine fuel.

The American Petroleum Institute (API) has called for swift congressional action on year-round E15 and refinery certainty.

Perpetual Next USA is set to develop an additional three biomass-to-biomethanol production facilities in the Southeastern US, with each facility designed to process approximately 1 million tpy of sustainably sourced biomass feedstock.

Research by the IEEFA shows the EU’s rising reliance on US LNG has created a potentially high-risk geopolitical dependency and could cause it to miss its gas demand reduction commitments.

EIA expects that the US benchmark natural gas spot price at the Henry Hub to decrease about 2% to just under US$3.50 per million Btu in 2026 before rising sharply in 2027 to just under US$4.60 million Btu.

CB&I has been awarded a contract by We Energies to design and build a full-containment LNG storage tank for a peak shaving facility in Wisconsin, US.

The US Energy Information Administration (EIA) has published the newest short-term energy outlook (STEO), including forecasts for 2027.

Coastal Bend LNG has selected KBR, Inc. and Técnicas Reunidas for the FEED of its planned natural gas liquefaction and export facility along the Texas Gulf Coast.