Tag / Coal

Subscribe

Coal

Minnesota Setting Course to Carbon-Free Emissions by 2040

Minnesota Setting Course to Carbon-Free Emissions by 2040

Gov. Tim Walz of Minnesota’s Democratic-Farmer-Labor Party has signed into law clean energy goals that target a carbon-free electricity grid by 2040.  State House File 7 (HF7) amended Minnesota’s Renewable Energy Standard statute. It added a target for electric utilities, generation and transmission cooperatives, and municipal power agencies to generate or procure by 2035 at…

February 13, 2023
Coal Gives Way to Renewables, While Natural Gas Demand Stays Strong in IEA Outlook

Coal Gives Way to Renewables, While Natural Gas Demand Stays Strong in IEA Outlook

Renewable sources of energy are collectively on track to eclipse coal as the world’s leading source of electricity, with capacity growth forecast to nearly double in the next five years, the International Energy Agency (IEA) said in a new report. IEA’s Renewables 2022 report forecasts that abundant energy drivers such as wind and solar will…

December 27, 2022
U.S. Power Sector Consumed Less Natural Gas in 2021, but Demand Seen Rebounding This Year

U.S. Power Sector Consumed Less Natural Gas in 2021, but Demand Seen Rebounding This Year

Consumption of natural gas by U.S. power generators fell by 3% year/year in 2021 after four straight years of growth, the Energy Information Administration (EIA) said Monday. “High natural gas prices in 2021 made natural gas a less competitive fuel, particularly compared with coal; coal prices for electricity generators remained relatively stable in 2021,” said…

October 31, 2022
Natural Gas Futures Recover Some Ground as Weather Model Adds Modest Demand

Natural Gas Futures Recover Some Ground as Weather Model Adds Modest Demand

Stronger cash prices, short-covering and caffeine following late-night celebrations as the Houston Astros swept the New York Yankees to advance to their fourth World Series in six years. Those were among the myriad reasons market observers gave for Monday’s recovery along the Nymex natural gas futures curve. At A Glance: HDDs added to long-range forecasts…

October 24, 2022
Switching from Natural Gas to Coal Said More Difficult for Electric Utilities

Switching from Natural Gas to Coal Said More Difficult for Electric Utilities

A buffer against higher natural gas prices that has traditionally been available to U.S. electric utilities, gas-to-coal switching, has become less tangible as more coal-fired power plants are retired and supply chain challenges linger, according to analysts. “I do not think utilities have any options, other than to burn dry gas in their” combined cycle…

October 5, 2022
‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

September 21, 2022
South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…

September 20, 2022
As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

Having entered the summer cooling season at sharply elevated price levels, natural gas forwards pulled back during the May 25-June 1 trading period as the market continued to try to price in risks posed by lagging domestic inventories, according to NGI’s Forward Look. Fixed price declines of around 25-45 cents for July delivery were the…

June 3, 2022
Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Despite increasing efforts by major energy consumers to replace coal with cleaner fuels, volatile prices for other commodities like liquefied natural gas (LNG) have helped keep coal competitive for leading suppliers. In the latest case of high gas prices creating a boon for coal suppliers, Glencore plc reported Tuesday that 2021 brought overwhelming results for…

February 17, 2022
Volatile Natural Gas Market Led to Coal Generation Growth in 2021, Say Researchers

Volatile Natural Gas Market Led to Coal Generation Growth in 2021, Say Researchers

A new report from Rhodium Group suggested that the United States may have to play catch-up to regain progress in the fight against climate change following a year of volatile natural gas prices that led to more reliance on less expensive coal increased greenhouse gas emissions in 2021. In its report published on Monday, researchers…

January 13, 2022
‹ Previous 1 2 3 24