The energy sector remains vulnerable to extreme cold weather and must remain steadfast in implementing the previous recommendations outlined by federal regulators to shore up reliability, particularly those addressing the interdependence of natural gas and electricity. In a final report published Tuesday on Winter Storm Elliott, which ravaged the U.S. East Coast and whose impacts…
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AGA Identifies Low-Carbon Natural Gas Supply, Infrastructure as Part of the Path Forward
The right incentives could allow natural gas utilities to use existing infrastructure to advance low-carbon fuels and fight climate change, according to a study commissioned by the American Gas Association (AGA). AGA consulted Concentric Energy in discovering key regulatory frameworks that would encourage the production of low carbon products. “This study leaves no doubt that…
Strong Natural Gas Production Should Help Balance Market Against Chilly Winter, LNG Demand, AGA Says
Heating demand could prove stronger this winter than last, given National Weather Service (NWS) forecasts for colder temperatures in northern markets. But robust production levels this fall should help balance prices and meet domestic market needs and increased international demand for LNG. That assessment is according to the American Gas Association’s (AGA) winter outlook, delivered…
AGA Outlook Calls for Chilly Winter, but Strong Natural Gas Production to Help Balance Market
Heating demand could prove stronger this winter than last, given National Weather Service (NWS) forecasts for colder temperatures in northern markets. But robust production levels this fall should help the market meet demand and could help keep consumer prices from rising more than they already did this year. That assessment is according to the American…
PG&E Fined Following Guilty Plea for Camp Fire Tragedy
After pleading guilty to 84 counts of involuntary manslaughter and another count of starting a deadly fire in Paradise, CA in 2018, the sentencing of Pacific Gas and Electric Co. (PG&E) on Thursday was anticlimactic, with the court only imposing a fine of about $3.4 million. A restitution hearing is scheduled for early next year.
Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing
Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico and connect to the planned Permian Basin-to-Gulf Coast Whistler pipeline.
Natural Gas Futures Break Even After In-Line Storage Injection
Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
ACP Seeks FERC Extension; MVP’s Southgate Project Approved
The Atlantic Coast Pipeline (ACP) project has asked FERC for a two-year extension to build and place the 1.5 Bcf/d system online, citing the legal and regulatory delays it has faced.
Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.
Imports of Canadian natural gas supplies through the western United States were subdued in April and May amid higher prices north of the border, according to the U.S. Energy Information Administration (EIA).