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NATURAL GAS WEEKLY UPDATE (Week Ending 03-18-22)

NATURAL GAS WEEKLY UPDATE (Week Ending 03-18-22)

In the News (EIA):

U.S. LNG exports set a new record high 2021, growing by 50% compared with 2020:

U.S. exports of liquefied natural gas (LNG) set a new record high in 2021, averaging 9.7 billion cubic feet per day (Bcf/d)—an increase of 3.2 Bcf/d (50%) compared with the 2020 annual average, according to our recently published Natural Gas Monthly. The increase in U.S. LNG exports was driven by increased demand in both Europe and Asia (particularly China), as well as by expanding U.S. liquefaction capacity. In 2021, annual utilization of liquefaction capacity at the six U.S. LNG export terminals averaged 102% of nameplate (or nominal) capacity and 89% of peak capacity, according to our estimates. U.S. LNG exports to Asia increased by 1.5 Bcf/d (51%) compared with 2020 and accounted for the largest share of all U.S. LNG exports at 47% (4.6 Bcf/d)—the same share as in 2020. Last year, the United States became the third-largest LNG supplier to Asia, accounting for 12% of total LNG imports into Asia, after Australia and Qatar, which supplied 10.3 Bcf/d (29%) and 7.4 Bcf/d (21%), respectively, according to our estimates based on data from CEDIGAZ. Among Asian countries, South Korea and China were the top two destinations for U.S. LNG exports at 1.2 Bcf/d each; South Korea imported only 10 million cubic feet per day (MMcf/d) (0.8%) more than China. Last year, China more than doubled its LNG imports from the United States compared with 2020—an increase of more than 0.6 Bcf/d—the largest volumetric increase among all importers of U.S. LNG globally. China has been increasing imports of U.S. LNG every year since China lowered tariffs on imports of LNG from the United States from 25% to 10% in 2019. Japan was the third-largest importer of U.S. LNG in Asia in 2021 at 1.0 Bcf/d. Combined, these three countries accounted for 75% of U.S. LNG exports to Asia and 35% of the total exports last year. European countries (including Turkey) imported 3.3 Bcf/d of LNG from the United States—an increase of 0.8 Bcf/d (32%) compared with 2020—and accounted for 34% of total U.S. LNG exports. U.S. LNG exports to Europe increased from February to April in 2021 following a cold winter and low storage inventories at the end of the heating season. Exports declined in subsequent months as higher spot prices in Asia attracted larger volumes of flexible U.S. LNG supplies to Asia. In the fourth quarter of 2021, U.S. LNG exports to Europe increased again as European natural gas storage inventories remained low and spot prices in Europe exceeded Asian spot prices. LNG exports from the United States to Europe averaged 6.7 Bcf/d in December—the highest monthly export volume to Europe from 2016 to 2021. The largest increase in exports was to the Netherlands and France (up by 0.2 Bcf/d each), followed by Turkey and the United Kingdom. Ten other countries accounted for the remaining 19% (1.8 Bcf/d) of total U.S. LNG exports in 2021, led by Brazil. U.S. LNG exports to Brazil increased by 0.5 Bcf/d compared with 2020, and averaged 0.8 Bcf/d on an annual basis. Last year, Brazil experienced its worst drought in more than 90 years, which limited hydroelectric power generation and required higher volume of natural gas imports to generate electricity by natural gas-fired power plants.

Overview:

Spot Prices: Natural gas spot prices fell at most locations this report week (Wednesday, March 9 to Wednesday, March 16). The Henry Hub spot price rose from $4.56 per million British thermal units (MMBtu) last Wednesday to $4.67/MMBtu yesterday. Prices at major hubs settled within a band of $1.26/MMBtu yesterday. They ranged from a high of $5.14/MMBtu at PG&E Citygate in California to a low of $3.88/MMBtu in New York, according to data from Natural Gas Intelligence. The Henry Hub price was the second highest of the major pricing hubs. International Spot Prices: International natural gas spot prices declined this report week but have remained elevated since the start of Russia’s further invasion of Ukraine on February 24, which has increased uncertainty in European natural gas markets. Bloomberg Finance, L.P. reports that swap prices for liquefied natural gas (LNG) cargos in East Asia for the balance of March fell $1.79/MMBtu to a weekly average of $38.62/MMBtu. At the Title Transfer Facility (TTF) in the Netherlands, the most liquid natural gas spot market in Europe, the day-ahead prices fell $22.29 to a weekly average of $37.47/MMBtu. In the same week last year (week ending March 17, 2021), prices in East Asia and at TTF were $6.21/MMBtu and $6.42/MMBtu, respectively. Futures: The price of the April 2022 NYMEX contract increased 22.2 cents, from $4.526/MMBtu last Wednesday to $4.748/MMBtu yesterday. The price of the 12-month strip averaging April 2022 through March 2023 futures contracts climbed 19.8 cents to $4.894/MMBtu. Storage: The net withdrawals from working gas totaled 79 billion cubic feet (Bcf) for the week ending March 11. Working natural gas stocks totaled 1,440 Bcf, which is 19% lower than the year-ago level and 17% lower than the five-year (2017–2021) average for this week. NGPLs: The natural gas plant liquids composite price at Mont Belvieu, Texas, fell by $1.52/MMBtu, averaging $12.15/MMBtu for the week ending March 16. Brent crude oil prices fell 13%, putting downward pressure on the prices of natural gasoline, isobutane, normal butane, and propane. The natural gasoline price fell 10%, and the price of isobutane and normal butane each fell 12%. The propane price fell 15%. The ethane price fell 2%, following the 3% decrease in natural gas prices at the Houston Ship Channel. The ethane premium over natural gas remained relatively unchanged. The price of ethylene fell 9%, narrowing the price spread between ethylene and ethane by 13% this week. Rigs: According to Baker Hughes, for the week ending Tuesday, March 8, the natural gas rig count increased by 5 to 135 rigs. The Haynesville added two rigs, the Utica added one rig, and two rigs were added in unspecified locations. The number of oil-directed rigs increased by 8 to 527 rigs. The Permian Basin added six rigs, and the Eagle Ford added two rigs. The total rig count now stands at 663, the highest level since April 3, 2020, and 261 rigs more than last year at this time.

Prices/Supply/Demand:

Prices on the Gulf Coast rise slightly with colder-than-normal temperatures. The Henry Hub spot price rose 11 cents from $4.56 per million British thermal units (MMBtu) last Wednesday to $4.67/MMBtu yesterday. Across the Southeast region, residential and commercial consumption increased by 1.5 Bcf/d (74%). Temperatures along the Gulf Coast were colder than normal this report week. In Houston, Texas, the average temperature was 57°F, which was 7°F lower than normal. Feedgas deliveries to LNG export terminals in South Texas decreased 0.1 Bcf/d (3%) to 4.0 Bcf/d, while feedgas deliveries to LNG terminals in South Louisiana increased by almost 0.3 Bcf/d (4%) to 7.7 Bcf/d, according to data from PointLogic. Venture Global, operator of the Calcasieu Pass LNG export terminal, received two authorizations from the Federal Energy Regulatory Commission (FERC) this week: 1) approval to commission Block 5 and the Feed Gas Booster Compressor B; and 2) approval to introduce hazardous fluids to the north LNG storage tank. Deliveries of natural gas to the terminal continued to rise this week, averaging close to 0.7 Bcf/d according to TransCameron, the operator of the pipeline delivering gas to Calcasieu Pass. Cheniere, operator of the Corpus Christi Pipeline, announced planned maintenance at its Sinton Compressor Station in San Patricio County in South Texas, upstream of the Corpus Christi LNG terminal. The work was scheduled to begin Monday, March 14, and to last about a week. Nominations have decreased as a result by slightly more than 0.5 Bcf/d from March 13 to March 16. Over the same period, feedgas to Corpus Christi LNG has fallen as well, by almost 0.8 Bcf/d, according to Cheniere. Cheniere’s Sabine Pass terminal received FERC conditional approval on March 9, 2022, to recommission, cool down, and place into service a storage tank that was shut down in 2018 following a leak. Prices in the Midwest fall in response to rapidly rising temperatures. At the Chicago Citygate, the price decreased 26 cents from $4.47/MMBtu last Wednesday to $4.21/MMBtu yesterday. Temperatures in the Chicago area averaged 36°F over the course of the report week, 2°F below normal for the week, driving weekly average natural gas consumption higher. In the Midwest, residential and commercial natural gas consumption increased by 0.5 Bcf/d (6%), consumption in the electric power generation sector increased by 0.2 Bcf/d (9%), and consumption by the industrial sector increased by 0.2 Bcf/d (4%) this report week, according to data from PointLogic. However, the weather turned yesterday. NOAA reports Chicago-area temperatures averaged 53°F yesterday, which was 8°F higher than on Tuesday and almost 14°F above normal, with the daily high reaching 70°F, the highest for the month. Just four days before, on March 12, nighttime temperatures dropped to a monthly low of 11°F and averaged 17°F for the day, almost 21°F below normal. Warmer-than-normal temperatures are expected to persist in the region through the weekend. Prices in the West fall as temperatures rise. The price at PG&E Citygate in Northern California fell 17 cents, down from $5.31/MMBtu last Wednesday to $5.14/MMBtu yesterday, reflecting falling prices in regions supplying natural gas into Northern California. The price at Malin, Oregon, the northern delivery point into the PG&E service territory, fell 19 cents from $4.35/MMBtu last Wednesday to $4.16/MMBtu yesterday. The price at Sumas on the Canada-Washington border fell 24 cents from $4.15/MMBtu last Wednesday to $3.91/MMBtu yesterday. Total consumption of natural gas in the Pacific Northwest decreased by 0.3 Bcf/d (13%) this report week, according to data from PointLogic, as temperatures in Seattle, Washington, averaged nearly 47°F, which is 3°F higher than last report week. The price at SoCal Citygate in Southern California decreased 52 cents from $4.74/MMBtu last Wednesday to $4.22/MMBtu yesterday, reflecting falling demand and lower prices in the Permian Basin, the main supply region into Southern California (the Waha price discussion provides more detail below). Residential and commercial natural gas consumption in California decreased by 0.6 Bcf/d (23%) this report week, according to data from PointLogic. NOAA reports temperatures in Riverside, California, inland from Los Angeles, averaged 62°F this report week, 3°F higher than normal, resulting in 20 heating degree days (HDDs) compared with 68 HDDs last report week. Prices across the Northeast decline in advance of warming temperatures. At the Algonquin Citygate, which serves Boston-area consumers, the price decreased 60 cents from $4.61/MMBtu last Wednesday to $4.01/MMBtu yesterday. A sign that the heating season in New England is coming to an end, the Algonquin Citygate traded 66 cents below the Henry Hub price yesterday, compared with January 19, 2022, when it traded $17.95 above the Henry Hub. Temperatures in the Boston area fluctuated widely this week, ranging from a daily low of 22°F on Sunday to a daily high of 59°F on Tuesday, and are forecast to be warmer than normal heading into the weekend. Natural gas demand in New England was down about 0.2 Bcf/d (5%) to an average of 3.0 Bcf/d this week, according to data from PointLogic. At the Transcontinental Pipeline Zone 6 trading point for New York City, the price decreased 37 cents from $4.25/MMBtu last Wednesday to $3.88/MMBtu yesterday. Natural gas demand in the New York and New Jersey area declined about 0.2 Bcf/d (2%) to 9.8 Bcf/d. Prices in the Appalachia production region fall in line with neighboring regions. The Tennessee Zone 4 Marcellus spot price decreased 34 cents from $4.06/MMBtu last Wednesday to $3.72/MMBtu yesterday. The price at Eastern Gas South in southwest Pennsylvania fell 30 cents from $4.08/MMBtu last Wednesday to $3.78/MMBtu yesterday. Net natural gas flows out of the region declined 0.9 Bcf/d (3%) to average 26.7 Bcf/d, according to data from PointLogic. Prices in the Permian production region fall in response to decreasing demand outside the region. The price at the Waha Hub in West Texas, which is located near Permian Basin production activities, fell 60 cents this report week, from $4.25/MMBtu last Wednesday to $3.65/MMBtu yesterday. The Waha Hub traded $1.02 below the Henry Hub price yesterday, compared with last Wednesday when it traded 31 cents below the Henry Hub price. Total production fell 0.3 Bcf/d (2%) from a week ago to average 14.3 Bcf/d, according to data from PointLogic. As a result of lower demand outside the region, net natural gas flows out of the region decreased 0.4 Bcf/d (3%) to average 13.1 Bcf/d for the week. U.S. average total natural gas supply falls this week. Average total supply of natural gas fell by 0.9% (0.9 Bcf/d) compared with the previous report week, according to data from PointLogic. Dry natural gas production decreased week over week by 1.1% (1.0 Bcf/d) compared with the previous report week while average net imports from Canada increased by 2.1% (0.1 Bcf/d) from last week. U.S. total natural gas consumption increases this week across all sectors. Total U.S. consumption of natural gas rose by 3.2% (2.7 Bcf/d) on average this report week compared with the previous report week, with all sectors showing increases, according to data from PointLogic. The largest week-over-week increase was in the residential and commercial sector, where consumption increased 6.4% (2.0 Bcf/d) as temperatures across the United States were noticeably cooler than normal, as reported by NOAA. Natural gas consumed for power generation climbed by 1.1% (0.3 Bcf/d) week over week and industrial sector consumption increased by 1.5% (0.3 Bcf/d). Natural gas exports to Mexico increased slightly (0.2%) while natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 12.9 Bcf/d, or 0.1 Bcf/d higher than the previous report week. U.S. LNG exports decrease by one vessel this week from last week. Twenty-two LNG vessels (nine from Sabine Pass, four each from Cameron, Corpus Christi, and Freeport, and one from Cove Point) with a combined LNG-carrying capacity of 82 Bcf departed the United States between March 10 and March 16, according to shipping data provided by Bloomberg Finance, L.P.

Storage:

The net withdrawals from storage totaled 79 Bcf for the week ending March 11, compared with the five-year (2017–2021) average net withdrawals of 65 Bcf and last year’s net withdrawals of 16 Bcf during the same week. Working natural gas stocks totaled 1,440 Bcf, which is 304 Bcf lower than the five-year average and 344 Bcf lower than last year at this time. According to The Desk survey of natural gas analysts, estimates of the weekly net change to working natural gas stocks ranged from net withdrawals of 56 Bcf to 87 Bcf, with a median estimate of 73 Bcf. The average rate of withdrawals from storage is 10% higher than the five-year average at this point in the withdrawal season (November through March). If the rate of withdrawals from storage matched the five-year average of 3.9 Bcf/d for the remainder of the withdrawal season, the total inventory would be 1,362 Bcf on March 31, which is 304 Bcf lower than the five-year average of 1,666 Bcf for that time of year.

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Email: sales@pipexch.com

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PIPE EXCHANGE PRIVACY POLICY

Last Updated: August 2019

 

Pipe Exchange LLC (“Pipe Exchange,” “we,” “us,” and “our”) respects your privacy. This privacy policy (this “Privacy Policy”) explains the accepted privacy practices for our online service and product listings (collectively, the “Services”) found via our website at https://pipexch.com/ (the “Website”). It describes the ways in which your personal information is collected and used, and the rights and options available to you with respect to such information.

 

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Third party companies like analytics companies and ad networks generally use cookies to collect user information on an anonymous basis. They may use that information to build a profile of your activities on the Website and other websites that you’ve visited.

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We use additional technologies to help track user activities and preferences. For example, we use Google Analytics and when you visit the Website via Facebook, we use tracking pixels.

  1. Interest-Based Advertising

We and third parties engage in interest-based advertising provided by vendors in order to deliver advertisements and personalized content that we and other advertisers believe will be of interest to you. To the extent third-parties are using cookies or other technologies to perform these services, Pipe Exchange does not control the use of this technology or the resulting information for online, mobile, or email advertising, and is not responsible for any actions or policies of such third parties. Advertisements, emails, and other messages may be delivered to you by Pipe Exchange or its service providers based on your online or mobile behavior, your search activity, your geographic location or other information that is collected by us or obtained from third parties. Some of our vendors and we may use our own or third-party aggregated or anonymized personal information, demographic data, and other inferred commercial interests to assist in the delivery of our advertisements to you.

In addition, we and our business partners use third parties to establish deterministic or probabilistic connections among devices (such as smartphones, tablets, and computers) to deliver more relevant advertising to you and for advertising analytics and reporting purposes. This means that information about your use of websites or applications on your current device may be combined with information from your other devices. We also may share this information and other inferences with third parties to allow them to target advertising, personalize content, or analyze behavior. This allows, for example, advertisements you see on your tablet to be based on activities you engaged in on your smartphone. These business partners may share and combine information from cookies with identifiers (such as device IDs assigned by Google or Apple) and IP addresses to make connections among related devices. This also allows for a more personalized experience across the Website.

If you have any questions about our Cookie Policy, you may contact us by sending an email to privacy@pipexch.com or by writing to us at:  14025 West Road, Suite 100, Houston, TX 77041

 

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The Website includes social media features, such as the Facebook and LinkedIn buttons/icons. These features may collect your IP address, which page you are visiting on our site, and may set a cookie to enable the feature to function properly. Social media features are either hosted by a third party or hosted directly on the Website. Your interactions with these features are governed by the privacy policy of the company providing it. 

 

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How We Store Your Information

Data Security

Pipe Exchange implements data security systems and procedures to secure the information stored on Pipe Exchange computer servers. Such systems and procedures reduce the risk of security breaches, but they do not provide absolute security. Therefore, Pipe Exchange cannot guarantee that the Website and Services are immune to unauthorized access to the information stored therein and to other information security risks.

 

Our Commitment to Data Security. To prevent unauthorized access, maintain data accuracy and ensure the correct use of information, we have applied reasonable and appropriate physical, electronic and managerial procedures to safeguard and secure the information we collect online. We also limit access to personal data and confidential information on our systems to only those employees with a specific need to access this information. However, due to technological limitations and the risk of unlawful interceptions and accessing of transmissions and/or data, we cannot completely assure you, and you should not expect, that your personal information, and any other electronically communicated information, will be absolutely confidential.

The security of your personal information is important to us. When you enter sensitive financial information via our Website, the transmission of that information is encrypted using secure socket layer technology (SSL).

Please remember that you play a valuable part in security as well. To the extent you have created an account on our Website, your password to access our site, which you select at registration, should never be shared with anyone and should be changed frequently.  After you have finished using our site, you should log off and exit your browser so no unauthorized persons can use our site with your name and account information.

Information Retention and Access to Personal Information. We’ll retain information for as long as your account is active or as needed to provide you the Services, to comply with applicable law, resolve disputes, and to enforce our agreements.   If your personally identifiable information changes, or if you no longer desire to use and access our Services, you may correct, update, delete/deactivate your information by emailing Pipe Exchange via the contact information listed below. Before Pipe Exchange is able to provide you with any information or correct any inaccuracies, however, we may ask you to verify your identity and to provide other details to help us to respond to your request. But please note: (1) there might be some latency in deleting this information from our servers and back-up storage; (2) we will not delete anonymized data and may continue to use it as describe in this Privacy Policy; and (3) we may retain information if necessary to comply with our legal, tax or accounting obligations, resolve disputes, manage security risks, or enforce our agreements. Even if you cease your use of the Services, we may retain certain information in order to meet our obligations.

Under California Civil Code Sections 1798.83-1798.84, California residents are entitled to ask us for a notice identifying the categories of personal information which we share with our affiliates and/or third parties for marketing purposes, and providing contact information for such affiliates and/or third parties.  If you are a California resident and would like a copy of this notice, please submit a written request to: privacy@pipexch.com

International Transfer of Information Collected

We are a global company, with customers around the world and it is important to note that the Services, and the Website, may be operated via servers situated in the United States and elsewhere. If you are located outside of the United States, please be aware that any information which you supply to Pipe Exchange (including, without limitation, personal information (e.g., your name, phone number, email address, etc.) may be transferred to, processed, and used in the United States and elsewhere. To provide you with the Services, you irrevocably and unconditionally consent that we may store, use, process, transfer and transmit such information in accordance with this Privacy Policy in the United States and locations around the world – including those outside your country which may provide different rules, regulations, and protections regarding privacy. Information may also be stored locally on the devices used to access the Services, which may be mobile.

We have taken appropriate safeguards to ensure that your personal data will remain protected in accordance with this Privacy Policy, whether your personal data is within our control or has been entrusted to our third party service providers and partners.

Changes to this Privacy Policy

From time to time, Pipe Exchange may change the terms of this Privacy Policy. Changes will take effect once they are posted online and by accessing and/or using the Website or Services after we make any such changes to this Privacy Policy, you are deemed to have accepted such changes.  If you do not agree with any of the amended terms, you must avoid any further use of the Website and/or Services offered by Pipe Exchange.

 

Inquiries or Concerns?

You may contact Pipe Exchange by emailing us at privacy@pipexch.com and we will do our best to provide a prompt response to your question.

PIPE EXCHANGE TERMS OF USE

Last updated: August 2019

Welcome to https://pipexch.com/Pipe Exchange (the “Website”). The Website is owned and operated by Pipe Exchange LLCPipe ExchangePipe Exchange including its related companies, affiliates and subsidiaries (collectively “Pipe Exchange,” “we,” “us,” “our”). We make the Website available to you, subject to the following Terms of Use (these “Terms of Use”). PLEASE READ THE FOLLOWING TERMS OF USE CAREFULLY BEFORE USING THE WEBSITE. By using the Website, you agree to these Terms of Use and agree they create a legally binding agreement between you and Pipe Exchange. If you do not agree to these Terms of Use, you may not use the Website. These Terms of Use are effective unless and until terminated by Pipe Exchange.

Minors are not authorized to access or use the Website for any purpose.

CHANGES TO TERMS OF USE

Pipe Exchange reserves the right, at any time, to modify, amend, alter or update these Terms of Use. These changes will be effective as of the date we post the revised version. By continuing to use the Website following such modifications, amendments, alterations or updates, you agree to be bound by such modifications, amendments, alterations or updates. Therefore, you should periodically visit this page to review our most current Terms of Use.

You may access the current version of these Terms of Use at any time by clicking on the link marked “Terms of Use” at the bottom of each page of the Website.

PRIVACY POLICY

In the course of your use of the Website, you may be asked to provide certain personalized information to us (such information referred to hereinafter as “User Information”).  Our information collection and use policies with respect to the privacy of such User Information are set forth in the Website’s Privacy Policy which is incorporated herein by reference for all purposes.  You acknowledge and agree that you are solely responsible for the accuracy and content of User Information, and you agree to keep it up to date. 

INTELLECTUAL PROPERTY RIGHTS

Pipe Exchange respects the intellectual property rights of others. As between you and Pipe Exchange, and except any User Information which you provide, all rights, title and interests in the Website, including all the content (including, for example, audio, photographs, illustrations, graphics, other visuals, video, copy, software, etc.), code, data and materials thereon, the look and feel, design and organization of the Website, and the compilation of the content, code, data and materials on the Website, including but not limited to any copyrights, trademark rights, patent rights, database rights, moral rights, sui generis rights and other intellectual property and proprietary rights therein (collectively the “Content”) are owned by Pipe Exchange or by third parties who have licensed or provided their Content to us. The Website is protected under Trademarks (as defined below), copyright, patent, trade secret and other intellectual property rights laws, and your use of the Website does not grant to you ownership of any Content you may access on the Website. You are prohibited from using the Website to infringe or violate any intellectual property rights. Pipe Exchange may terminate your right to access the Website if it believes you are using the Website in a manner that infringes the copyright, trademark, patent or other intellectual property rights of another.

We may investigate occurrences that may involve violations of the security of the Services or of the law and we may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

The trademarks, logos, service marks and trade names (collectively the “Trademarks”) displayed on the Website or on content available through the Website are registered and unregistered Trademarks of ours and others and may not be used unless authorized by the trademark owner.  All Trademarks not owned by us that appear on the Website or on or through the Website’s services, if any, are the property of their respective owners.  Nothing contained on the Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any Trademark displayed on the Website without our written permission or that of the third-party rights holder.  Your misuse of the Trademarks displayed on the Website is strictly prohibited.  Pipe Exchange will aggressively enforce its Trademark rights to the fullest extent of the law, including the seeking of criminal prosecution.

PERSONAL USE ONLY

The Website and the Content are intended for your personal use.  You may access and view the content on the Website via your computer or other internet compatible device, and make single copies or prints of the content on the Website for your personal, internal use only.   The Website and the services offered on or through the Website, including Pipe Exchange’s e-publication and any other content and materials thereon, are only for your personal, non-commercial use. Except as otherwise provided on the Website, you may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, sell, create derivative works from, transfer, or sell any information, software, products or services obtained from the Website. Use of the Website to sell a product or service, or to increase traffic to your website for commercial reasons, such as advertising sales is expressly forbidden.

PROHIBITED USE

Any commercial distribution, publishing or exploitation of the Website, or any content, code, data or materials on the Website, is strictly prohibited unless you have received the express prior permission of Pipe Exchange or the applicable rights holder.  You may not otherwise download, display, copy, reproduce, distribute, modify, perform, transfer, create derivative works from, sell or otherwise exploit any content, code, data or materials on the Website.  If you make other use of the Website, or the content, code, data or materials thereon, except as otherwise provided above, you may violate copyright and other laws of the United States, other countries, as well as applicable state laws and may be subject to liability for such unauthorized use.  Pipe Exchange will aggressively enforce its intellectual property rights to the fullest extent of the law, including the seeking of criminal prosecution.

SECURITY

You are prohibited from violating, or attempting to violate the security of the Website. Any such violations may result in criminal and civil liabilities to you.  You warrant and agree that, while using the Website and the various services and features offered on or through the Website, you shall not: (a) impersonate any person or entity or misrepresent your affiliation with any other person or entity; (b) insert your own or a third party’s advertising, branding or other promotional content into any of the Website’s content, materials or services, or use, redistribute, republish or exploit such content or service for any further commercial or promotional purposes or take any action that would constitute or could be interpreted as an endorsement or sponsorship by Pipe Exchange of any third party site, content, information or other materials, or in any manner that would violate the terms and conditions of any such third party sites; (c) attempt to probe, scan, or test the vulnerability of any system or network; or (d) attempt to gain unauthorized access to data not intended for you and/or other computer systems through the Website.  You shall not: (i) engage in spidering, “screen scraping,” “database scraping,” harvesting of e-mail addresses, wireless addresses or other contact or personal information, or any other automatic means of accessing, logging-in or registering on the Website or for any services or features offered on or through the Website, or obtaining lists of users or obtaining or accessing other information or features on, from or through the Website or the services offered on or through the Website, including, without limitation, any information residing on any server or database connected to the Website or any services offered on or through the Website; (ii) obtain or attempt to obtain unauthorized access to computer systems, materials, information or any services made available on or through the Website through any means; (iii) use the Website or the services made available on or through the Website in any manner with the intent to interrupt, damage, disable, overburden, or impair the Website or such services, including, without limitation, sending mass unsolicited messages or “flooding,” “spamming,” or “crashing” any systems; (iv) use the Website or the Website’s services or features in violation of Pipe Exchange’s or any third party’s intellectual property or other proprietary or legal rights; or (v) use the Website or the Website’s services in violation of any applicable law.  You further agree that you may not attempt (or encourage or support anyone else’s attempt) to circumvent, reverse engineer, decrypt, or otherwise alter or interfere with the Website or the Website’s services, or any content thereof, or make unauthorized use thereof.  You agree that you will not use the Website in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party’s use and enjoyment of the Website. You may not obtain or attempt to obtain any materials or information through any means not intentionally made publicly available or provided for through the Website. Pipe Exchange will investigate any alleged violations and will cooperate with law enforcement agencies in their investigations.

THIRD-PARTY CONTENT

Some of the information and material available through the Website are provided to Pipe Exchange by third parties (“Third-Party Material”). In some instances, the source of the Third-Party Material is identified. Third-Party Material is provided for your convenience only and Pipe Exchange does not endorse these materials or the parties who supply them to us. Pipe Exchange does not warrant or represent that these Third-Party Materials are current, accurate or reliable.

COPYRIGHT AGENT

We respect the intellectual property rights of others, and require that the people who use the Website do the same.  If you believe that your work has been copied in a way that constitutes copyright infringement, please forward the following information to Pipe Exchange’s Copyright Agent, designated as such pursuant to the Digital Millennium Copyright Act, 17 U.S.C. § 512(c)(2), named below:

  • Your address, telephone number, and email address;
  • A description of the copyrighted work that you claim has been infringed;
  • A description of where the alleged infringing material is located;
  • A statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
  • An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest; and
  • A statement by you, made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
  • For all email submissions please include the subject line: DMCA Takedown Request.

 

Pipe Exchange has adopted a policy of terminating, in appropriate circumstances, accounts of users of the services or the Website who are deemed to have repeatedly uploaded content that infringes the intellectual property rights of others.

 

Copyright Agent:

Pipe Exchange Legal

c/o Pipe Exchange LLC

14025 West Road.
Suite #100
Houston, TX 77041

Phone: + (713) 934-9480

Email: dmca@pipexch.com

DISCLAIMER OF WARRANTIES

THE WEBSITE AND ITS CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER. PIPE EXCHANGE, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTIES RIGHTS, AND THE WARRANTY OF FITNESS FOR PARTICULAR PURPOSE. PIPE EXCHANGE MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS FOUND OR CONTAINED ON THE WEBSITE. PIPE EXCHANGE DOES NOT WARRANT THAT THE WEBSITE, THE CONTENT, OR ITS SERVERS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOU UNDERSTAND AND AGREE THAT YOU OBTAIN MATERIAL THROUGH THE USE OF THE WEBSITE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGES TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS.

ALL MATERIAL CONTAINED IN THE WEBSITE IS FOR GENERAL INFORMATION ONLY, HAS NOT BEEN INDEPENDENTLY VERIFIED, HAS NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE REGULATORY AUTHORITY AND MAY CONTAIN ERRORS OR OMISSIONS OF MATERIAL INFORMATION. THE MATERIAL AND INFORMATION CONTAINED ON THE WEBSITE SHOULD NOT, THEREFORE, BE USED OR RELIED UPON FOR ANY SPECIFIC REASON OR APPLICATION WITHOUT INDEPENDENT COMPETENT PROFESSIONAL EXAMINATION AND VERIFICATION OF ITS ACCURACY, COMPLETENESS, SUITABILITY AND APPLICABILITY. ANYONE MAKING USE OF THE MATERIAL DOES SO AT HIS/HER/ITS OWN SOLE AND EXCLUSIVE RISK AND ASSUMES ANY AND ALL ACTUAL OR POTENTIAL DAMAGE OR LIABILITY RESULTING FROM SUCH USE.

LIMITATION OF LIABILITY

IN NO EVENT SHALL PIPE EXCHANGE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE MATERIAL ON THE WEBSITE OR SITES LINKED TO THE WEBSITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT PIPE EXCHANGE IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TERMINATION

Pipe Exchange may terminate, change, suspend or discontinue any aspect of the Website or the Website’s services at any time.  Pipe Exchange may restrict, suspend or terminate your access to the Website and/or its services if we believe you are in breach of our terms and conditions or applicable law, or for any other reason without notice or liability.  Pipe Exchange maintains a policy that provides for the termination in appropriate circumstances of the Website use privileges of users who are repeat infringers of intellectual property rights.

USER’S REMEDY

If you are dissatisfied with any portion of the Website or with any of these Terms of Use, your sole and exclusive remedy is to discontinue using the Website.

GOVERNING LAW AND VENUE

These Terms of Use and the relationship between you and Pipe Exchange shall be governed by the laws of the United States and the State of Florida without regard to its conflict of law provisions. You hereby irrevocably submit and consent to the personal and exclusive jurisdiction of the courts located within Miami-Dade County, Florida and agree that any cause of action that may arise under these Terms of Use and all disputes arising out of or relating to the use of the Website shall be commenced and be heard in the appropriate court in Miami-Dade County, Florida. The failure of Pipe Exchange to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms of Use remain in full force and effect. 

QUESTIONS ABOUT TERMS OF USE

If you have any questions regarding these Terms of Use, please either:

Send an email to sales@pipexch.com

Write to Pipe Exchange at the following address:

14025 West Road

Suite 100

Houston, TX 77041