(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Continued strong pipeline activity and the adjustment of expected ship dates, have moved our line pipe forecast higher by about 11%. There is some Alaska LNG in this forecast as there has been significant action on that front, so keep that in mind. On February 3rd, the US Transportation Department approved a license for Sentinel Midstream’s Texas GulfLink deepwater oil export project off the Texas coast. The Texas GulfLink deepwater port will be located approximately 26.6 nautical miles off the coast of Brazoria County, Texas. Currently, only the Louisiana Offshore Oil Port can fully load supertankers. TC Energy announced at a press conference recently that it had signed a longterm contract with Dura-Bond to supply $300 million of large diameter pipe produced at its Steelton facility. According to Dura-Bond this will put the facility on two shifts for ‘quite some time’.
Preston Pipe Report – February 2026
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