AGP Executive Report
Last update: 4 hours agoLNG Export Milestone: TotalEnergies has shipped the first LNG batch from its Energia Costa Azul Phase 1 offshore terminal in Mexico, with 1.7 million tons/year under a 20-year supply deal and a shorter Pacific route to Asia. Distribution Expansion: Frontier Co-op’s Belle Plaine buildout is partially operational, with an automated distribution system and 93,000 sq ft of added storage to double hourly capacity. Cybersecurity Disruption in File Sharing: Progress Software ordered ShareFile on-prem Storage Zone Controller servers shut down immediately due to a credible external security threat, leaving hybrid storage offline with no patch timeline. Energy Storage Push (SoCal): Aypa Power is proposing a 400MW Dirac battery energy storage facility in Chino, with modular “container-like” units and third-party inspections planned. Strategic Oil Storage: ONGC approved a 1.75 million-tonne strategic petroleum reserve in Mangaluru, with broader commercial use options. Shipping Risk at Hormuz: The US demanded Iran publicly ensure the Strait of Hormuz is open and safe for shipping as attacks disrupt traffic and seafarers sue over incidents. Trade & Logistics Policy: India-UK and India-New Zealand FTAs were framed as export opportunities, but analysts warn India must strengthen standards, certification, logistics, and buyer networks to convert market access into shipments.
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