Infrastructure

North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American natural gas production bore the brunt of the Covid-19 pandemic’s impact on global gas output in 2020, but demand fared better in the lower price environment. In its Gas Year 2020 review, Rystad Energy said North American gas production is estimated to have fallen 47 billion cubic meters (bcm) from 2019 levels to…

January 15, 2021
California Blackouts Said Caused by Poor Planning, Under-Used Natural Gas Supply

California Blackouts Said Caused by Poor Planning, Under-Used Natural Gas Supply

A failure for state agencies to conduct integrated planning and miscalculating natural gas supplies contributed to California’s rolling power blackouts during a severe heat storm last August, according to a multi-agency report. The California Independent System Operator (CAISO), California Public Utilities Commission (CPUC) and California Energy Commission (CEC) in the report called for expanded oversight…

January 15, 2021
Minnesota Power Plans to Reach 100% Carbon-Free Energy by 2050

Minnesota Power Plans to Reach 100% Carbon-Free Energy by 2050

Allete Inc. subsidiary Minnesota Power on Tuesday announced a goal to deliver 100% carbon-free energy to customers by the year 2050. Utilizing its EnergyForward strategy, Minnesota Power was the state’s first utility to provide 50% renewable energy to its customers and seeks to build upon that as it transitions to “clean energy.”  The upcoming Integrated…

January 15, 2021
New Fortress Expands Latin America LNG Position with Brazil Acquisition

New Fortress Expands Latin America LNG Position with Brazil Acquisition

New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets.  Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…

January 14, 2021
Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

James Waddell, a senior global gas analyst at London-based Energy Aspects, said severe cold, production outages, shipping constraints and a scramble to find supplies are just a few of the myriad factors that have blown into the perfect storm behind a meteoric rise in Asian liquefied natural gas (LNG) prices.  As the historic rally continues,…

January 14, 2021
Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Lifted by revenue pulled from the Permian Basin in West Texas, the state’s oil and natural gas industry paid $13.9 billion in taxes and royalties in fiscal 2020, or around $38 million/day,  according to a top industry group. Data compiled by the Texas Oil & Gas Association (TXOGA) indicated state energy industry taxes and royalties…

January 14, 2021
Summit’s Permian Natural Gas Conduit Gets FERC OK to Start Construction

Summit’s Permian Natural Gas Conduit Gets FERC OK to Start Construction

Federal regulators have approved the start of construction on all but a small portion of Summit Midstream Partners LP’s 135-mile Double E natural gas pipeline that would connect Permian Basin supplies to the Gulf Coast. Summit CEO Heath Deneke touted the “efficiency with which this project has achieved its key milestones” and confirmed the pipeline’s…

January 14, 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
LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

Construction schedules are under review in British Columbia (BC) for its entry into the global natural gas export market as a result of labor force limits that provincial public health authorities adopted to counter the impacts from the pandemic. “Long-term impacts to the overall schedule continue to be assessed,” said TC Energy Corp. Vice President…

January 14, 2021
New PHMSA Rule to Ease Restrictions on Natural Gas Pipeline Operators

New PHMSA Rule to Ease Restrictions on Natural Gas Pipeline Operators

The U.S. Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA) on Monday published a final rule in the Federal Register that relaxes inspection and reporting requirements for natural gas pipeline operators. The rule is meant “to ease regulatory burdens on the construction, operation and maintenance of gas transmission, distribution, and gathering pipeline…

January 14, 2021
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