As California utilities prepare their systems for upcoming summer demand, hydro-electric generation and other renewable resources remain important tools in the state’s energy resource toolbox. However, natural gas is crucial to the stabilization of the power grid, particularly during extreme events, according to state regulators. The California Energy Commission (CEC) is anticipating more robust hydro…
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Mexico Seen Driving LNG Export Growth in Latin America
Mexico is on track to become Latin America’s leading LNG exporter in terms of regasification capacity, while the region as a whole could become a net liquefied natural gas exporter, according to Poten and Partners. The shipbroker and consulting firm’s Sergio Chapa, senior LNG analyst, provided an overview of the regional LNG balance during a…
LNG’s Latin American Growth – Listen Now to NGI’s Hub &Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico & Latin America editor Christopher Lenton sits down with senior research scholar Luisa Palacios of the Center on Global Energy Policy at Columbia University. They discuss what is driving soaring liquefied natural gas demand (LNG) in Latin…
CFE Maintenance Works Could Benefit Entire Mexico Grid, Seasoned Lawyer Says
The overhaul of some of Mexico’s aging power plants by state utility Comisión Federal de Electricidad (CFE) could improve the working of the power grid, José Luis Herrera Vaca, founding partner of Herrera Abogados SC and seasoned Mexico energy lawyer, told NGI’s Mexico GPI. “One of the most ambitious projects the CFE is carrying out…
Argentina Natural Gas Output Rising Amid Impetus for Vaca Muerta-Brazil Pipeline
Natural gas production in Argentina rose for a second straight month in July as the country’s Plan Gas 4 tender scheme started to show results. “Thanks to Plan Gas 4, we are achieving great production results,” Energy Secretary Dario Martínez said. “We’re breaking production records and this allows us to continue growing the sector and…
September Natural Gas Prices Retreat in Face of Dangerously Low Storage
The latest round of government storage data was about as bullish as it could be, but sellers came into the fold once weather models showed the upcoming heat being a little less intense. The September Nymex gas futures contract settled Thursday at $4.140, off 1.8 cents day/day. October slipped 1.5 cents to $4.148. Spot gas…
California OKs Ownership Transfer in Four Hydroelectric Dams
Under a 48-party settlement, California regulators have approved removing four hydroelectric dams in the Lower Klamath River system along the Oregon border. The California Public Utilities Commission (CPUC) approved Pacific Power Co.’s request to transfer ownership of the dams to the Klamath River Renewal Corp. Pacific Power parent PacifiCorp reached the settlement with Oregon and…
As California’s Hydro Output Slips, Regulators Call for More Power Resources
Hydroelectric generation should make up only 6% of the power load in California this year as historic drought conditions ravage the West, the U.S. Energy Information Administration (EIA) said Wednesday. In its Short-Term Energy Outlook, the EIA said hydroelectric generation in California in 2021 would be 19% lower than last year. It is seen falling…
‘Substantial Role’ Seen for Natural Gas as Extreme Drought Crippling Western Hydro Generation
With the western United States now in its second year of a widespread drought, the extraordinarily low water levels at some of the critical reservoirs are adding a layer of uncertainty to electric reliability this summer. The power generated from the West’s fleet of hydroelectric generating facilities is on pace to be much lower than…
West Coast NatGas Generation Declining as Renewables, Hydro Rise
Renewables have grown as a source of electric generation along the West Coast, with natural gas-fired power generation taking a hit, falling an estimated 16% year/year from April through July, according to RBN Energy LLC.