05262019Sun
Last updateThu, 23 May 2019 6pm

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U.S. Lifts Steel Tariffs on Canada and Mexico

The Trump Administration decided to lift tariffs on steel and aluminum imports, under Section 232, on Canada and Mexico.

“By lifting these burdensome tariffs and not replacing them with quotas, the Administration is enabling construction projects and the jobs that support them to move forward without fear of supply chain disruptions,” said Kyle Isakower, API vice president for economic and regulatory policy.


Freeport LNG Expansion Receives FERC Approval

Freeport LNG has received approval from the Federal Energy Regulatory Commission (FERC) to site, construct and operate its fourth natural gas liquefaction train, to be integrated into its existing natural gas liquefaction and LNG export facility on Quintana Island near Freeport, TX. Approval from the Department of Energy for the export of Train 4 volumes to non-Free Trade Agreement countries is anticipated later this quarter.

Renewable Capacity Growth Worldwide Stalled in 2018

After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends, according to the International Energy Agency.

Last year was the first time since 2001 that growth in renewable power capacity failed to increase year on year. New net capacity from solar PV, wind, hydro, bioenergy, and other renewable power sources increased by about 180 Gigawatts (GW) in 2018, the same as the previous year.

Work Set to Begin on $1B Water Pipeline

“An infusion of $30 million will enable construction to begin next spring on a $1 billion pipeline that will deliver Missouri River water to the Red River Valley during periods of prolonged drought,” The Bismarck Tribune reports.

The 165-mile Red River Valley Water Supply Project in North Dakota “is meant to carry water from the Missouri near Washburn, north of Bismarck, and empty into the Sheyenne River above Baldhill Dam, a reservoir north of Valley City.”

New Permian Basin Oil Feeding Global Markets

“Exports of the Permian basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners,” Bloomberg reports.

“Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and less sulfurous crude bubbling up from wells in West Texas and New Mexico, so it wouldn’t lessen the quality of U.S. benchmark West Texas Intermediate. WTL supply has grown to over 500,000 bpd, a nearly four-fold rise from last year.”

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