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Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

Natural gas prices across the world climbed higher on Tuesday, fueled by the prospect that there will be energy shortages from Europe to Asia this winter.  British and Dutch benchmarks closed higher Tuesday, beating an all-time record set Monday after finishing close to $30/MMBtu. In the United States, prices also continued climbing toward $6 as…

September 28, 2021
Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Amid a seemingly never-ending wave of Arctic air that crippled infrastructure in the so-called energy capital of the world and across the country’s midsection, resulting in widespread power outages, natural gas prices continued to reach new heights in Oklahoma on Wednesday. Next-day gas prices soared into the thousands in the Sooner State, according to NGI…

February 17, 2021
Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

Natural gas futures soared Tuesday following a historic Arctic freeze that crippled much of the nation’s natural gas infrastructure as demand soared to unprecedented levels. The March Nymex gas futures contract settled at $3.129/MMBtu, up 21.7 cents from Friday. April prices lagged a bit, climbing 10.7 cents to $2.983. Cash prices remained volatile after the…

February 16, 2021
Wholesale U.S. Power Prices Lower, Less Volatile in 2020

Wholesale U.S. Power Prices Lower, Less Volatile in 2020

Domestic wholesale electricity prices were lower and less volatile in 2020 versus 2019, though in the latter half of the year, prices did trend higher for western states, the Energy Information Administration (EIA) said Friday.  Prices in the California Independent System Operator (CAISO) market were 5% lower, while the Electric Reliability Council of Texas (ERCOT)…

January 14, 2021
California Undaunted by FERC Staff Critique of Rolling Blackouts

California Undaunted by FERC Staff Critique of Rolling Blackouts

California’s grid operator this week brushed off recent FERC staff criticism of its handling of last summer’s heat wave that resulted in state-ordered rolling blackouts throughout the nation’s most populous state last Aug. 14-15. The Federal Energy Regulatory Commission’s staff concluded that the California Independent System Operator (CAISO) overestimated the capacity available from demand response…

December 28, 2020
Amid Shift Away from Fossil Fuels, California Led in Electricity Imports Among Lower 48 in 2019

Amid Shift Away from Fossil Fuels, California Led in Electricity Imports Among Lower 48 in 2019

Populous California, where officials have been pushing to move the energy mix away from natural gas and toward renewables, imported by far the most electricity of any state in the Lower 48 in 2019. The Energy Information Administration (EIA) in a research note Monday said the Golden State’s net electricity imports totaled 70.8 million MWh…

December 7, 2020
Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s Comisión Federal de Electricidad (CFE) is set to start producing electricity in early December at its long delayed 642 MW Huexca combined-cycle thermal power plant in the central state of Morelos. The completed plant in Morelos state has been stalled because of local protests and objections over the natural gas-fired power plant and neighboring…

November 24, 2020
PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Interconnection expects to have ample resources to meet power demand this winter across its 13-state territory and the District of Columbia. The grid operator said it should have more than 186,000 MW of resources available to meet the projected peak demand of around 136,000 MW. PJM’s all-time winter peak is 143,295 MW, which was…

November 11, 2020
Texas Power Generation Sufficient for Winter and Spring, Says ERCOT

Texas Power Generation Sufficient for Winter and Spring, Says ERCOT

Texas is expected to have more than enough power to meet consumption needs this winter and spring, according to the grid operator for most of the state. The Electric Reliability Council of Texas (ERCOT) is forecasting demand this winter to peak at 57,699 MW, which is far below the all-time winter high of 65,915 MW…

November 11, 2020
Mitsubishi Power Charging Ahead with Carbon-Free Green Hydrogen Generation

Mitsubishi Power Charging Ahead with Carbon-Free Green Hydrogen Generation

Lake, FL-based Mitsubishi Power Americas Inc. has launched the world’s first standard packages for green hydrogen integration, another step toward its long-term strategy of  emissions-free generation.   The hydrogen storage integrator model allows other energy storage technologies to integrate, including including with natural gas turbines and renewable energy. “We previously announced two green hydrogen projects in…

September 9, 2020
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