power generation

Jera Launching Hydrogen Pilot in Japan to Displace LNG in Power Generation

Jera Launching Hydrogen Pilot in Japan to Displace LNG in Power Generation

Jera Co. Inc., Japan’s largest power company, said Thursday it plans to launch a pilot project backed by the government that could help displace 30% of the liquefied natural gas (LNG) used to generate electricity, with hydrogen planned at a select power plant.  The government grant would help fund the switch to hydrogen for a…

August 26, 2021
Oregon Ban on New Natural Gas Power Plants Supported by PGE

Oregon Ban on New Natural Gas Power Plants Supported by PGE

Oregon utility Portland General Electric Co. (PGE) is embracing a move by the state that effectively bans any new or repowered fossil fuel electric generation plants, including those powered by natural gas.  During a recent 2Q2021 earnings conference call, CEO Maria Pope said the energy transition to electrification and increased power demand fits nicely with…

August 11, 2021
Steamy Summer Weather, Producer Discipline Drive Stout Gains for Natural Gas Forward Prices

Steamy Summer Weather, Producer Discipline Drive Stout Gains for Natural Gas Forward Prices

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 22, 2021
Consumers Energy Kicks Coal, Shifts to Natural Gas with Big Plans for Renewables in the Future

Consumers Energy Kicks Coal, Shifts to Natural Gas with Big Plans for Renewables in the Future

In a move to lower its greenhouse gas (GHG) emissions, Michigan public utility Consumers Energy announced it would purchase four natural gas-fired power plants as it aims to transition away from coal by 2025.  Pending state and federal regulatory approvals, Consumers Energy has proposed purchasing the 1,176 MW natural gas-fired combined cycle Covert Generating Station…

July 21, 2021
August Natural Gas Futures Bounce Back as Inventory Concerns Bubble Up

August Natural Gas Futures Bounce Back as Inventory Concerns Bubble Up

Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year. The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658. NGI’s Spot Gas National Avg., however, fell 13.5…

July 16, 2021
ERCOT Outlines Proposed Improvements to Texas Power Grid

ERCOT Outlines Proposed Improvements to Texas Power Grid

The Texas power grid chief this week laid the groundwork for improving electric reliability following the unprecedented freeze and subsequent blackouts in February during Winter Storm Uri. Electric Reliability Council of Texas (ERCOT) interim CEO Brad Jones sent the “Roadmap to Improving Grid Reliability” to Gov. Greg Abbott, state legislators and the Public Utility Commission…

July 15, 2021
DOE Seeking Information to Reconfigure U.S. Energy Grid

DOE Seeking Information to Reconfigure U.S. Energy Grid

The U.S. Department of Energy (DOE) may consider a grid system that sources locally produced energy for regions, otherwise known as energysheds, as indicated by its latest request for information (RFI).  Unlike an energyshed, the current energy transmission system can carry voltage produced at a power plant to its final destination over about 300 miles.…

July 15, 2021
Mexico Natural Gas Demand Stayed Buoyant Through Pandemic, Part of Larger Global Trend, Says BP

Mexico Natural Gas Demand Stayed Buoyant Through Pandemic, Part of Larger Global Trend, Says BP

Natural gas demand in Mexico stayed resilient through pandemic-ravaged 2020 compared to total energy demand, in line with trends seen globally, according to BP plc. Mexico’s natural gas consumption dipped only 1.9% year/year to 3.11 exajoules in 2020, while the country’s total primary energy consumption plunged 14.2% to 6.48 exajoules, according to BP’s Statistical Review…

July 12, 2021
Texas Governor’s Electric Reliability Directives Met with Mixed Reactions

Texas Governor’s Electric Reliability Directives Met with Mixed Reactions

The latest directive by Texas Gov. Greg Abbott aimed at ensuring electric reliability appears to be once again pitting proponents of fossil fuels against those who see renewables as an integral part of the energy landscape. In a letter sent to the Texas Public Utility Commission (PUC) last week, Abbott said the objective of the…

July 9, 2021
Natural Gas Futures Rebound Sharply After EIA Stuns with Modest 16 Bcf Storage Injection

Natural Gas Futures Rebound Sharply After EIA Stuns with Modest 16 Bcf Storage Injection

Fueled by a large decline in production, intense heat and a return to strong exports, the Energy Information Administration (EIA) reported a modest 16 Bcf injection into storage inventories for the week ending July 2. The figure came in below the lowest of expectations, sending Nymex natural gas futures screaming higher. The August Nymex contract…

July 8, 2021