Constellation Energy has shut down its Mystic Generating Station, a natural gas-fired power plant located in Massachusetts. Mystic is one of the nation’s oldest power plants that has supplied electricity to the Boston area since the 1940s, according to a June 24 report from the U.S. Energy Information Administration. The company retired the Mystic plant…...
The U.S. Senate last week approved President Biden’s three nominees to serve on the Federal Energy Regulatory Commission (FERC) bringing the agency to its full complement of five commissioners. Industry and clean energy groups welcomed the move saying that a fully staffed commission is crucial to address challenges posed by an aging electric grid, the…...
The average price of U.S. natural gas declined during 2023 compared to 2022 and became less volatile, according to a June 4 report published by the U.S. Energy Information Administration. Price volatility increased during 2022, following the Russian invasion of Ukraine and the cessation of Russian pipelined gas to Europe. The Russian invasion of Ukraine,…...
U.S. natural gas usage for power generation during summer 2024 is forecast to reach close to the record volume consumed last year, according to a May 30 report published by the U.S. Energy Information Administration. The agency projects that U.S. natural gas usage for power generation will average 44.7 billion cubic feet per day (bcfd)…...
Meteorologists are predicting a stronger hurricane season this year, which elevates risk for weather associated production disruptions in the U.S. natural gas and oil sectors, according to a May 22 report published by the U.S. Energy Information Administration. Reports from AccuWeather are forecasting around 20 to 25 storms this year, with a likelihood of around…...
Hourly natural gas fired power generation in Texas rose to 49.4 gigawatts (GW) for the hour starting 7pm on Jan. 16, 2024, according to a May 16 report published by the U.S. Energy Information Administration. This was one percent more than the preceding winter high of 48.8 GW recorded on December 23,2022 and around four…...
The notion that natural gas serves as a transition fuel to a low-carbon future has been challenged by a number of studies indicating that emissions of methane, the primary component of natural gas, significantly contributes to global warming. Methane is 80 times more potent than…Read the full report …...
The notion that natural gas serves as a transition fuel to a low-carbon future has been challenged by a number of studies indicating that emissions of methane, the primary component of natural gas, significantly contributes to global warming. Methane is 80 times more potent than carbon dioxide in trapping heat in the atmosphere over a 20-year period.
The U.S. Environmental Protection Agency has finalized carbon emission standards for existing coal-fired and new gas-fired power plants. Under the new rule, coal plants that intend to remain operational in the long term and new baseload gas-fired plants would have to control 90 percent of their emissions. The new rules are projected to reduce 1.38…...
U.S. natural gas consumption reached a record high of 89.1 billion cubic feet per day (Bcf/d) during 2023, according to an April 23 report published by the U.S. Energy Information Administration. U.S. natural gas consumption has been on an upward trend since 2018 and has increased on average by around four percent annually. Monthly natural…...
An increase in U.S. liquified natural gas (LNG) exports are projected to lead to higher volumes of U.S. natural gas exports during 2024 and 2025, according to an April 17 report published by the U.S. Energy Information Administration. U.S. LNG exports are expected to increase due to three LNG export projects presently under construction commencing…...
The U.S. exported 20.9 billion cubic feet per day (Bcf/d) of natural gas during 2023, up 10 percent compared to the previous year, according to an April 15 report published by the U.S. Energy Information Administration. U.S. natural gas volumes exported during 2023 were at an all time high. U.S. liquefied natural gas (LNG) exports…...