Week Ahead: U.S. Interior’s Methane Waste Prevention Rule, 2.6 GW Wind Project Off Virginia, NY-Sun Program Review
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Visual Primer: Renewable Natural Gas Pairs Policy and Technology to Support Decarbonization
The market for renewable natural gas (RNG) is in transition as decarbonization mandates have led more states and jurisdictions to embrace strong policies lowering barriers to market access.
Wind and Solar Projected to Account for 16 Percent of U.S. Power Generation This Year: EIA
Electricity generation from wind and solar energy are projected to account for 16 percent of total U.S. generation in 2023, double the level of 8 percent in 2018, according to the U.S. Energy Information Administration. On the other hand, the share of coal and natural gas generation are expected to fall to 18 percent and…...
Extreme Weather Caused Wholesale Electricity Price Volatility in the U.S. in 2022: EIA
The U.S. trading hubs’ average wholesale electricity prices increased in 2022 compared with 2021 on account of extreme weather conditions and the limited supply of coal to replace higher-priced natural gas, according to a Jan. 10 report from the U.S. Energy Information Administration. Extreme weather and manpower shortages in the railroad and coal mine industries…...
Global Carbon Allowance Prices Rose by More than 40 Percent in 2021: EIA
The average allowance price for carbon dioxide emissions increased in four of the world’s five largest carbon emissions trading platforms between Jan. 2021 and Jan. 2022, according to a Dec. 13 report from the U.S. Energy Information Administration. Emission trading systems are used by governments to regulate carbon dioxide emissions. The four trading systems that…...
Fifteen U.S. States Used Coal as Largest Source for Electricity Generation During 2021: EIA
Coal accounted for the largest share of electricity generation in 15 U.S. states during 2021, according to a report published on Dec. 7 by the U.S. Energy Information Administration. The number of states using coal as compared to other energy sources has declined from 32 in 2001, with the U.S. shifting away from coal generation…
U.S. Interior Proposes Updates to Gas Flaring Rule
The U.S. Department of the Interior’s Bureau of Land Management proposed a rule to address wastage of natural gas by flaring and venting during oil and gas production on federal and tribal lands. The main purpose of the rule is to increase efficiency by reducing the gas being wasted and expected to generate $39.8 million…...
UK North Sea Oil and Gas Sector to Cut Decommissioning Costs by Additional £3.7 Billion
The North Sea Transition Authority on Nov. 22 announced a new cost efficiency target for redundant oil and gas infrastructure. The authority is reducing the total projection for decommissioning redundant platforms, wells, and pipelines by an extra 10 percent, from £37 billion to £33.3 billion, between 2023 and the end of 2028. The 10 percent…...
U.S. Gas Disposition Higher During 2021, Driven by LNG Exports: EIA
Net disposition of gas in the U.S. increased by 3.6 percent year-on-year in 2021, in line with growth in liquified natural gas, or LNG exports, according to a Nov. 15 report from the U.S. Energy Information Administration. The agency defines net disposition as consumption, net exports, and net storage. U.S. gas exports have been a…...