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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
November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 8, 2021
Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Concerns that the world won’t have enough energy supplies to  go around this winter appeared to deepen on Thursday as natural gas prices again set records and governments continued stepping in to ensure the lights stay on.  Coal, natural gas and even water for hydropower are in short supply. In North Asia, Japan-Korea Marker (JKM)…

September 30, 2021
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