A Stratas Advisors director told Midstream Finance conference attendees that the latest look into the crystal ball of five-year outlook has U.S. supply growth positioning the country to become a net crude exporter.
Enterprise Products Partners LP said on Oct. 31 it could convert one of its NGL pipelines to crude oil out of the Permian basin as early as the second quarter of 2019, ahead of an earlier timeline of 2020.
An abundance of supply and a superior refining sector have positioned the U.S. well in the global energy trade. But threats to export success, both foreign and domestic, loom.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
EPIC’s purchase will also include a pipeline for the Robstown facility to receive NGL from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets
China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said on Oct. 9, turning to the Middle East for extra supplies amid the two countries’ trade dispute.