The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher. December Nymex futures were trading marginally flat on the day at around $2.843/MMBtu ahead of the noon…
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Investment in Energy Infrastructure Lacking in Mexico, Expert Says
Mexico’s transmission lines and electric power grid are insufficient to meet growing power demand across the country and require new investment, Edith Rojo Zazueta, an industrial engineer who worked previously at Mexico’s Comision Reguladora de Energia (CRE) told NGI’s Mexico GPI. During her time at the CRE from 2021 to August of this year, Rojo…
North American Power System Transformation Said Bringing Reliability, Security Risks
North American policymakers need to focus on ensuring energy adequacy along with improving coordination between the natural gas and electric power industries, according to a new analysis. In the 2023 Reliability Risk Priorities report, the North American Electric Reliability Corp.’s (NERC) Reliability Issues Steering Committee (RISC) found that a fast changing energy system has “implications…
CPV’s Illinois Natural Gas Plant Said Bolstering PJM Grid
Competitive Power Ventures Inc.’s (CPV) $1.3 billion natural gas-fired combined-cycle power plant in northern Illinois has begun commercial operations to add 1,250 MW to the PJM Interconnection grid. Three Rivers Energy Center is expected to bolster PJM, the regional transmission operator for 13 states and Washington, DC. The region is facing “potential resource adequacy issues…
Infrastructure and ‘Pragmatic Policy’ Key to Meeting Long-Term Natural Gas Demand
Steady supplies of natural gas – and more infrastructure to deliver it – are vital for the United States to meet steady domestic consumption and elevated global demand for LNG through this decade and beyond. Such was the prevailing sentiment among industry leaders and analysts who presented last week at the LDC Gas Forums annual…
Kentucky Utilities Looking to Retire, Replace Natural Gas Facilities, Add Renewables
Louisville Gas & Electric Co. (LG&E) and Kentucky Utilities Co. (KU) have filed a joint application requesting approval by the Kentucky Public Service Commission (PSC) to retire and replace three natural gas simple-cycle combustion turbines and four coal-fired electric generating units. Under the proposal, the utilities would replace the retired facilities with two natural gas…
Mexico’s CFE Swings to Profit on Lower Natural Gas Prices
A year/year plunge in natural gas prices buoyed second-quarter earnings for Mexico’s state power company Comisión Federal de Electricidad (CFE), according to management. CFE operates about 34 GW of natural gas-fired power plants, and is Mexico’s primary importer and marketer of natural gas via pipeline from the United States. Mexico’s imports of U.S. gas have…
Canada Mapping Electric Path, with Natural Gas-Fired Generation in Mix
Natural gas-fired power plants would continue to be a reliable energy supplier for Canada under proposed revisions to the nation’s electricity regulations. Under draft rules issued Thursday, thermal generation including natural gas would be accepted if the operations include removing greenhouse gas (GHG) emissions using carbon capture and storage (CCS). Federal and provincial incentives would…
August Baseload Natural Gas Trending Lower as Lofty Supplies Outweigh Sweltering Summer Heat
Baseload natural gas prices for August trended lower on the first day of bidweek trading, according to NGI’s Bidweek Alert. The modest price declines occurred against a backdrop of stubbornly high storage levels and lofty production levels, which have been offset only by strong summer heat in the West and Texas. Despite the modest weakness…
Natural Gas Key in Mexico Energy Transition, Nearshoring Opportunity, Says Valia Energía CEO
“The most important opportunities for the future are without question tied to the energy transition in Mexico,” Narcis de Carreras, CEO of Valia Energia in Mexico City, told NGI’s Mexico GPI. “Across all of these developments, natural gas will continue to play a central and key role for many more years and will be relied…