What’s the Big Deal for Energy Transfer?

What’s the Big Deal for Energy Transfer?

Despite the havoc wreaked by the pandemic in 2020, The U.S. exported 3.2 MMBPD of crude oil to nearly 80 countries. Among them, Central America’s Republic of Panama—one of the top four destinations for U.S. exports of distillate fuel, most often consumed as diesel. Panama produces no oil, gas, or coal. Electricity for the 4+ million population is generated exclusively by hydropower. The country also controls one of the world’s busiest shipping canals that connects the Atlantic Ocean to the Pacific Ocean. Reese Energy Consulting today is following the latest news from Dallas-based Energy Transfer, which has just signed a Memorandum of Understanding with Panama to study the feasibility of the proposed Trans-Panama Gateway Pipeline. The project would include construction of two terminals—one on the country’s Atlantic side and one on the Pacific side—connected by a new pipeline to receive, transport, and export LPG to global markets. Following ET’s acquisition in February of Okla. City-based Enable, CEO Kelcy Warren hinted he was looking for the next, even bigger opportunity. Looks like he’s found one.

What do you think?  Learn more about REC and our energy services at www.ReeseEnergyConsulting.com.

Energy Transfer

Energy Transfer is a Texas based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to more than 86,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines.

energytransfer.com

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Let’s Go Dutch

Let’s Go Dutch

​After nine long years, the Dutch Caribbean island of Aruba is growing closer to realizing a refinery once again to supply gasoline to a populace in paradise. Following U.S. sanctions in 2006 on neighboring Venezuela (which until last year controlled the facility), the 235,000 BPD Aruba Refinery and Terminal complex has sat idle since 2012. Reese Energy Consulting today is following the latest updates from Aruba and a Calif.-based consortium of investors that has proposed a $3.5 billion plan to restart the island’s sole refinery. But only temporarily before a complete demolition later this year and new rebuild by 2024. Meanwhile, Aruba’s government-owned refining company is ready to seal a deal with Houston-based Eagle LNG to build a small-scale LNG import terminal at the same complex, which could also power the refinery and even become an export hub for U.S. LNG across the Caribbean basin. Which is exactly where we all should be sun-worshipping today.

What do you think? Learn more about Reese Energy Consulting and our range of natural gas and LNG services at www.ReeseEnergyConsulting.com.

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Sacre Bleu

Sacre Bleu

The risks assumed by producers operating in far-flung lands are well known. But when chaos suddenly erupts, their response to the human toll goes largely unnoticed. Reese Energy Consulting today is following the latest events unfolding in Asia and Africa where French energy giant Total has been swept up in two concurrent geopolitical and humanitarian crises. The drama began Feb.11, when the Myanmar military staged a government coup resulting in the deaths of 520 and the arrest of more than 3,000. Total pays $4 million a month in taxes on its offshore natural gas operations. Half of the gas is used to generate electricity for 5 million local people. CEO Patrick Pouyanne says the company has little choice but to continue production and pay the military to protect local staff and ensure electrical power. Total has pledged $4 million to human rights associations. On Mar. 24, militants invaded a Mozambique village killing dozens near Total’s $20 billion LNG project. The company has since provided refuge for 10,000 villagers, 15+ tons of food, and has evacuated as many as 1,000 a day mainly by boat.

 

Total SE

Total is a broad energy company that produces and markets fuels, natural gas and electricity. Their 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, their ambition is to become the responsible energy major.

www.total.com

What do you think? Learn more about REC and our range of natural gas and midstream services at www.ReeseEnergyConsulting.com.

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