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Keyera Tells Competition Tribunal Its $5.15B Plains Deal Is 'Pro-Competitive'
Keyera argued before the Competition Tribunal that its $5.15-billion purchase of Plains Midstream's Canadian NGL business would be pro-competitive, countering a challenge from the Competition Bureau. The Bureau's case centers on the position both companies hold in fractionation, the process that separates propane and other natural gas liquids from raw gas streams. A tribunal ruling will determine whether the deal can proceed as structured.
Source: BNN Bloomberg
Since 1986, Diversco has been a nationwide leader in the Liquid Propane Gas industry. Our “Take care of the Customer” focus is backed by our team of highly trained professionals. We provide our customers with “Solutions That Work & Products You Trust”.
CPKC Train Sends 13 Cars Carrying Propane Into Calgary Wetland
A CPKC freight train derailed Monday morning in southwest Calgary, sending 13 cars carrying a mix of lumber, plywood, propane and argon into a wetland. CPKC confirmed no leaks from the derailed cars and kept crews on scene through the week to clear the site. No injuries were reported.
Source: CBC News
Enbridge Clears More Permits for Line 5 Tunnel That Feeds Ontario Propane Supply
Enbridge cleared two additional state permits for its Line 5 Great Lakes Tunnel project, with a U.S. Army Corps of Engineers review next in line. The existing Line 5 pipeline supplies roughly 65% of the propane used in Michigan's Upper Peninsula and feeds fuel production in Ontario.
Source: Business News Today
US Propane Stocks Hold Near 1.53 Billion Barrels as Crude Draws Down
US commercial propane and propylene stocks stood at 1.527 billion barrels for the week ended July 10, even as total crude oil stocks fell almost 2 million barrels week over week, according to EIA data. Total petroleum stocks rose 10.3 million barrels over the same week.
Source: Rigzone
Cavagna Group has built a reputation for propane equipment you can count on. Since 1949, our valves, regulators, and tank equipment have met the highest international standards, recognized by AGA, ASME, and UL. From high-pressure service regulators to cylinder valves, Cavagna makes the hardware that keeps propane systems running safely and efficiently. Wherever gas is used, we are there.
US Energy Department Pushes Propane Exports to Africa as Aid Alternative
The US Department of Energy is promoting greater propane exports to Africa as part of the Trump administration's effort to replace scaled-back foreign aid programs with energy trade. The push positions US propane suppliers as a channel for expanding energy access on the continent rather than direct assistance funding.
Source: Yahoo News
Appeals Court Rejects NPGA Challenge to New York's Gas Hookup Ban
The 2nd U.S. Circuit Court of Appeals upheld New York's ban on gas hookups in most new buildings, ruling against an NPGA-led coalition that argued federal law preempts the state rule. New York's All-Electric Buildings Act remains stayed pending further appeal, and the decision creates a split with a 9th Circuit ruling on the same legal question. NPGA said it's evaluating next steps.
Source: LP Gas Magazine
Central Farm Service Closes Deal for Minnesota's O'Connell Oil
Central Farm Service completed its acquisition of O'Connell Oil Company on July 2, adding roughly 30 delivery trucks and 12 retail locations across Minnesota. O'Connell, founded in 1961, supplied fuel, propane, anhydrous ammonia and dry fertilizer to farm accounts in the LeSueur area. The deal is the latest in a wave of consolidation among ag-focused propane marketers.
Source: LP Gas Magazine
Oregon Advances Emissions Rule That Adds Cost Pressure on Propane Marketers
Oregon's Department of Environmental Quality announced an update to its Climate Protection Program requiring liquid fuel suppliers, including propane marketers, to cut emissions annually toward a 90% reduction from 2017–19 levels by 2050. Suppliers that don't comply face consequences under the program, which has been contested since it was first proposed.
Source: Willamette Week
Saudi Petrochemical Maker Blames Propane Supply Squeeze for Weak Results
Advanced Petrochemical Company disclosed a 27% production drop tied to a propane supply squeeze in April and May, with propane purchase prices up 40% and propylene up 21% over the period. The Saudi producer's disclosure points to tightening regional propane availability feeding into petrochemical output.
Source: Saudi Exchange (Tadawul)
Algeria's $1.5B Propane-to-Plastics Project Stalls Amid Contract Talks
A planned propane dehydrogenation unit and polypropylene plant in Arzew, Algeria, with 550,000 tons a year of capacity, remains stalled amid prolonged engineering, procurement and construction contract negotiations with Petrofac. The delay leaves one of North Africa's larger planned propane-to-plastics projects in limbo.
Source: Ecofin Agency
India Faces Gas Curtailments That Could Push Industry Toward Propane
India faces potential natural gas supply curtailments of up to 1.5 million tons a month, driven partly by tighter Qatari LNG availability, according to industry estimates. Energy-intensive Indian industries are bracing to cut output or substitute propane, fuel oil and naphtha if the curtailments take effect.
Source: The Hindu BusinessLine
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