California energy utilities can spend nearly $2 billion over the next two years on energy efficiency programs, following authorization Thursday from the state regulatory commission. The California Public Utilities Commission (CPUC) said the action for 2013-2014 programs will deliver overall savings that prevent the need for two new natural gas-fired power plants and will save “significant” amounts of gas. In addition to approving individual plans for the state’s four major investor-owned utilities and community choice aggregators, the CPUC created two regional energy networks for the San Francisco Bay area and Southern California to complement the utility efforts. CPUC members said the latest plans, budgeted at $1.9 billion, will refocus on “deeper, longer-lasting” results.
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Raymond James: 2013 Natural Gas Prices Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
Natural Gas Price ‘Pause’ — Refreshing or Depressing?
Natural gas prices could strengthen over the next 18 months to two years, but there are several reasons why a near-term pricing “pause” is likely, Credit Suisse analysts said last week.
Dow Exec Sees 90 Projects Planned Using 7 Bcf/d
A Dow Chemical Co. executive said he believes the chemical industry will need several additional billion cubic feet per day of natural gas in as little as two-years’ time, when a long list of petrochemical plant projects begin to come online. It’s a demand that should be easy to meet, he said, as long as the United States hasn’t given away its competitive advantage in the marketplace — a gift from shale gas — through the undisciplined export of liquefied natural gas (LNG).
Haynesville, Barnett Natural Gas Output Exceeds Analyst Estimates
U.S. natural gas prices may well go higher over the next 18 months to two years, but a few things could stand in their way, including stronger-than-forecast dry gas output from unconventional plays, including the Haynesville and Barnett shales, Credit Suisse analysts said Wednesday.
Natural Gas Price ‘Pause’ — Refreshing or Depressing?
Natural gas prices could strengthen over the next 18 months to two years, but there are several reasons why a near-term pricing “pause” is likely, Credit Suisse analysts said Wednesday.
AGA: NatGas ‘Essential Component’ of Energy Portfolio
The United States has experienced a “transformational shift in the perceived role of natural gas,” as an energy source that 10 years ago was perceived by some as unreliable and scarce, to one that now is recognized as an “essential component of a clean and secure energy portfolio,” providing an opportunity to satisfy new demand at “affordable” prices into the future, the American Gas Association (AGA) said last week.
Weak Ethane, Propane Prices to Last, Says S&P
The natural gas liquids (NGL) supply-demand mismatch could last several years, and a prolonged period of low NGL prices (namely for ethane and propane) could harm the credit quality of midstream gathering and processing companies that rely on cash flows sensitive to NGL prices, Standard & Poor’s Ratings Services (S&P) said last week.
Natural Gas ‘Essential Component’ of Energy Portfolio, Says AGA
The United States has experienced a “transformational shift in the perceived role of natural gas,” as an energy source that 10 years ago was perceived by some as unreliable and scarce, to one that now is recognized as an “essential component of a clean and secure energy portfolio,” providing an opportunity to satisfy new demand at “affordable” prices into the future, the American Gas Association (AGA) said Wednesday.
Weak Ethane, Propane Prices to Linger, Says S&P
The natural gas liquids (NGL) supply-demand mismatch could last several years, and a prolonged period of low NGL prices (namely for ethane and propane) could harm the credit quality of midstream gathering and processing companies that rely on cash flows sensitive to NGL prices, Standard & Poor’s Ratings Services (S&P) said Tuesday.
