The Federal Energy Regulatory Commission staff on Oct. 20 issued its 2022-2023 Winter Energy Market and Reliability Assessment, providing an outlook for energy markets and electric reliability in the upcoming winter (December 2022 till February 2023). Natural gas prices for the are expected to remain higher than recent years at major trading hubs across the…...
The New England region relies on imported liquefied natural gas (LNG) in the winter to meet natural gas demand due to an inadequate gas pipeline network. The reliance on imports is increasingly fraught as the region competes in the global market where high and volatile prices pose supply risk and pricing uncertainty.
U.S. households that mainly use natural gas for heating are expected to pay on average $931 on heating during the winter period, which runs from October to March, according to an Oct. 17 report from the U.S. Energy Information Administration. This is $206, or 28 percent, higher compared to the previous year. The price of…...
The New York Public Service Commission on Oct. 12 approved revisions to National Grid’s gas demand response programs to lower consumption during cold weather and peak usage periods during the impending winter heating season. The commission finalized plans for the utility’s downstate service territories for residential and business users, and to execute the same programs…...
The New York Public Service Commission on Oct. 12 approved revisions to National Grid’s gas demand response programs to lower consumption during cold weather and peak usage periods during the impending winter heating season. The commission finalized plans for the utility’s downstate service territories for residential and business users, and to execute the same programs…...
U.S. natural gas production recorded a new annual high in 2021, increasing by 3.5 percent from 2020, according to an Oct. 12 report from the U.S. Energy Information Administration. U.S. natural gas production declined in 2020, on the back of lower economic activity amid the COVID-19 pandemic. During 2021, natural gas production surpassed the previous…...
Virginia Governor Glenn Youngkin on Oct. 3 released the state’s 2022 Energy Plan which provides an analytical assessment of the current energy economy and outlines an approach for policy decisions. To meet the growing demand of residents and businesses, the plan calls for an “all of the above” approach that taps nuclear, natural gas, renewables,…...
The average productivity of new oil and gas wells in the Permian Basin continued to increase for 12 straight years, reaching record highs in 2021, according to a Sept. 30 report from the U.S. Energy Information Administration. In June 2022, the Permian Basin, which spans across western Texas and eastern New Mexico, constituted for around…...
