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The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline.
It is responsible for petroleum storage and pipeline maintenance. Transnet Pipelines works with petrols , diesel fuel , jet fuel , crude oil and natural gas ( methane rich gas ). Total throughput is over 16 billion litres (3.5 billion imperial gallons; 4.2 billion US gallons) per year.
One of the moves it made around that time (2004) was the sale of two of Canada's largest natural gas straddle plants, and its interest in another to Inter Pipeline Fund for US$540 million. [4] In 2010, the company underwent a major restructuring that included a reorganization of its extensive pipeline holdings in Williams Partners LP. [5]
The Aviation Sales unit markets and supplies aviation fuel to airlines at four international airports in Singapore, Hong Kong, Bangkok, and Taipei. SPC is a supplier of aviation fuel in the Asia-Pacific region. The Distillates unit is responsible for the sales and trading of naphtha, motor gasoline (petrol), gasoil (diesel) and jet fuel (kerosene).
The company does not produce or own the gas that passes through their pipeline networks but 50% of UK gas customers are served by their pipeline system. The company also manages the national gas emergency service free phone line on behalf of the gas industry in the UK, taking calls and giving safety advice on behalf of the industry. [ 3 ]
The pipeline was shut down in the U.S. by the Biden Administration. The U.S. portion of the Keystone Pipeline included 1,744 kilometres (1,084 mi) of new, 30-inch-diameter (760 mm) pipeline in North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Illinois. [28] The pipeline has a minimum ground cover of 4 feet (1.2 m). [29]
The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors.
As of 2022, the Office of Pipeline Safety regulated an expansive network of about 3.4 million miles of natural gas pipeline system in the United States and its hazardous liquid pipelines. [ 8 ] [ 9 ] This includes 229,000 miles of hazardous liquid pipelines, 302,000 miles of gas transmission pipelines, 2,284,000 miles of gas distribution mains ...