The acquisitions of Vega Energy Partners and WGL Midstream follow the sale of AltaGas’ U.S. transportation and storage business to an entity owned by 61C Global and Vega for roughly $275 million on April 23.
A drop in green energy costs and tougher emissions targets take shine away from the natural gas industry’s ‘cleaner than coal’ pitch.
The violence in March has dealt a blow to plans by Total and rival Exxon Mobil, which also has an LNG project in Mozambique, to turn the country into a major LNG producer.
Project Canary, which has recently launched responsibly sourced natural gas pilot projects with shale giants EQT and Chesapeake Energy, will certify emissions from the gas wellhead to Rio Grande for U.S. LNG developer NextDecade.
The deal would allow Eagle LNG Partners to supply Aruba’s power company with natural gas, replacing high-sulfur fuel oil as the country’s main fuel for generation.
Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.
The transaction is part of a strategy Sempra Energy originally unveiled in December to better position itself to capitalize on the growing global demand for cleaner fuels.
As we define the future energy mix, policymakers must not forget that natural gas is an excellent partner of renewable electricity generation, writes Tim Tarpley, senior vice president of government affairs on the Energy Workforce & Technology Council.