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(Reuters) – Britain is proposing to build new gas plants to improve energy security and risks facing blackouts without them, the government said on Tuesday. As part of efforts to meet climate targets and boost energy security, Britain is seeking to increase its nuclear and wind power capacity but said new gas plants will also …
Britain Says New Gas Plants Needed to Keep the Lights On Read More »
U.S. natural gas futures slid about 2% to a fresh one-week low on forecasts for milder weather and lower heating demand over the next two weeks than previously expected. Another factor weighing on prices in recent weeks has been the low amount of gas flowing to liquefied natural gas (LNG) export plants due to ongoing …
US Natgas Prices Slide 2% to Fresh One-Week Low on Milder Forecasts Read More »
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash that …
Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US as it looks to the fuel for global growth at a time when rivals in the region are also expanding …
Aramco in Talks for U.S. LNG Projects as Mideast Gas Race Heats Up Read More »
The Inuvialuit Energy Security Project is expected to provide sustainable energy for the next 50 years CALGARY, AB, March 7, 2024 /CNW/ – The Commission of the Canada Energy Regulator (CER) has approved the Inuvialuit Energy Security Project (IESP) Energy Centre with 20 conditions. The project will convert natural gas into compressed natural gas, propane, and synthetic diesel that can be …
Canada Energy Regulator approves the first compressed natural gas facility in the NWT Read More »
U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low. That lack of price movement came despite a bearish low amount of gas flowing to liquefied natural gas (LNG) …
U.S. Natgas Prices Little Changed Ahead of Federal Storage Report Read More »
Mild weather has sent US natural gas prices tumbling EQT cut production by 1 bcf per day starting in late February US natural gas prices surged after EQT Corp., the nation’s largest producer, said it will slash output after an unseasonably warm winter and the resulting supply glut triggered a price collapse. EQT will curtail about …
Gas Prices Jump as Top US Driller Slashes Output to Fight Glut Read More »
(Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been …
Biden’s Scaled-Back Power Rule Raises Doubts Over U.S. Climate Target Read More »
U.S. natural gas futures jumped about 6% to a three-week high on Monday as producers cut output after prices collapsed to a 3-1/2-year low in recent weeks. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 11.7 cents, or 6.4%, to $1.952 per million British thermal units (mmBtu) at 1:05 p.m. …
U.S. Natgas Prices Jump 6% to 3-week High as Output Drops Read More »
U.S. natural gas producers are curbing their output and spending on drilling activity as an oversupplied market has brought the prices of the commodity down to multi-decade lows. In recent months, gas prices have dropped on near-record output and low heating demand from a mild winter, leaving ample amounts of gas in storage. Below is …
U.S. Natgas Producers Cut Spending, Output to Cope with Low Prices Read More »
