The U.S. Energy Information Administration has extended forecasts for five key energy trends through December 2026 in its latest short-term outlook, according to a report published on Jan. 15. The agency projects that these trends will have a significant impact on the energy markets over the upcoming two years. Electricity consumption is expected to increase…...
Fuel prices for natural gas vehicles increased across 37 states between 2021 and 2023, but remained 25 percent lower than the peak during 2008, according to a Jan.14 report published by the U.S. Energy Information Administration. Real natural gas vehicle fuel prices were largely flat between 2011 and 2021. Natural gas sold to the on-road…...
Venture Global’s Plaquemines LNG shipped its first cargo from its Louisiana facility on Dec. 26, according to an Jan. 13 report published by the U.S. Energy Information Administration. The cargo, being shipped to ENBW in Germany, marks over 60 LNG cargos sent from Venture Global into Germany from 2022. Plaquemines LNG is the eighth liquefied…...
The U.S. Interior Department on Jan. 10 announced a $15.89 million investment to help three Tribal Nations and the State of Alabama clean up orphaned oil and gas wells. The funding is part of the Biden Administration’s Investing in America agenda and builds on previously announced funding of the $69 million in Tribal grants and…...
The U.S. Interior Department on Jan. 8 announced that the Bureau of Land Management received zero bids for the government authorized oil and gas lease sale for the Coastal Plain of the Arctic National Wildlife Refuge (Arctic Refuge), following the bid submission deadline of Jan. 6. The 2017 Tax Cuts and Jobs Act directed the…...
The U.S. benchmark Henry Hub natural gas spot price averaged $2.21 per million British thermal units (MMBtu) during 2024, the lowest yearly average price on record, according to a Jan. 8 report published by the U.S. Energy Information Administration. The average natural gas spot price during 2024 was 16 percent lower than its 2023 average…...
The Biden-Harris administration released memoranda on Jan. 6 withdrawing more than 625 million acres of the U.S. ocean from offshore drilling. The action prohibits future oil and natural gas leasing in three ocean and coastal regions: the eastern U.S. Atlantic coast and Eastern Gulf of Mexico; Pacific Coast along California, Oregon, and Washington; and the…...
The U.S. Energy Department on Dec. 17 released an updated study of U.S. liquefied natural gas exports. The department has been assigned responsibility under the Natural Gas Act to assess the public interest of potential LNG exports to nations with which the U.S. does not have a Free Trade Agreement, or non-FTA countries. In January,…...
U.S. natural gas consumption increased by one percent during 2023 to a new record yearly high of 89.4 billion cubic feet per day (Bcf/d), according to an Dec. 13 report published by the U.S. Energy Information Administration. U.S. natural gas consumption has continued to rise during the January to September 2024 period. The increase in…...
The U.S. Energy Department on Dec. 10 provided clarity regarding the status of various applications to export Liquefied Natural Gas to non- Free Trade Agreement countries. Of particular interest have been the Venture Global CP2 LNG and Commonwealth LNG applications. The Biden Administration on Jan. 26 announced a temporary pause on all pending applications seeking…...
Five states accounted for over 70 percent of the all-time high of 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production during 2023, according to an Dec. 10 report published by the U.S. Energy Information Administration. The state of Texas accounted for 28 percent of the total U.S. marketed natural gas…...
The Michigan Public Service Commission’s 2024-2025 Winter Energy Appraisal, released on Dec. 5, forecasts a rise in electricity demand among residential and commercial customers. While natural gas demand for residential heating is expected to remain steady, overall demand is projected to rise due to higher usage for electricity generation. Overall electricity demand is projected to…...