Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…
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U.S. Coal Market Fundamentals Said ‘Extremely Strong’ as Natural Gas Prices Soar
The coal market is witnessing a resurgence in the United States as natural gas prices skyrocket and utilities turn to coal-powered generation, according to Alliance Resource Partners LP (ARLP) CEO Joseph Craft. “Commodity prices for each of our business segments have skyrocketed to levels not experienced in several years,” Craft said as second quarter earnings…
Higher Natural Gas Prices, Winter Storm Give Oomph to U.S. Coal Generation, Says IEA
The world’s thirst for electricity this year has led to an uptick in coal consumption and cut into U.S. natural gas consumption, according to the International Energy Agency (IEA). The global energy watchdog earlier this month said the world is getting back to business following the depths of the pandemic, with energy demand rising quickly.…
Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s
Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half, or $1.3 trillion…
Duke Energy Plans Net-Zero Methane Emissions, Faster Coal Retirements
Gas and electric utility Duke Energy plans to significantly reduce its carbon footprint through accelerating coal plant retirements, achieving net zero methane emissions in its natural gas business by 2030, among other proposed measures. Management at Charlotte, North Carolina-Duke announced the goals Friday during what they called its inaugural environmental, social and governance investor day.…
Displacing Coal in Asia Seen as Key to LNG Growth in Era of Environmental Urgency
If growth projections are expected to be realized for liquefied natural gas (LNG) in the coming decades, more must be done to ensure its role in displacing coal and aiding the energy transition, according to some experts. The Asian market is seen as a key to LNG’s future growth and a global goal of reducing…
Alliant Energy Accelerating Net-Zero CO2 Goals by 10 Years
Alliant Energy Corp. is working to eliminate all coal use by 2040, 10 years sooner than previously planned, and by 2050 is aspiring to be net-zero carbon dioxide (CO2) emissions from the electricity it generates, according to their 2020 Corporate Responsibility Report (CRR). The Madison, WI-based utility, which serves around 420,000 natural gas customers across…
Wyoming, Montana Push for U.S. Supreme Court to Rule on Coal Export Dispute
Wyoming and Montana on Tuesday filed briefs with the U.S. Supreme Court challenging as unconstitutional the state of Washington’s rejection of an export terminal to process the states’ coal supplies for export to Asian markets. The two states in January asked the U.S. Supreme Court to rule on Washington’s denial of a water permit for…
Indiana Corn Milling Facility Switching to Natural Gas from Coal
UK-based Tate & Lyle PLC said a $75 million investment into a natural gas-fired combined heat and power system is planned for its Lafayette, IN, corn wet milling facility.
NGI The Weekly Gas Market Report
U.S. Renewables Consumption Outpaced Coal in 2019, Thanks in Part to Natural Gas
The United States’ use of coal continued to decline in 2019, while renewable energy and natural gas consumption remained strong, according to the Energy Information Administration (EIA).