The International Energy Agency (IEA) on Oct. 27 released the World Energy Outlook 2022, which covers a variety of topics which range from causes of the energy crisis, the roadmap to net zero emissions, energy security, and the outlook for demand. Russia’s invasion of Ukraine initiated the globe’s first energy crisis and has led to…...
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…...
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…...
U.S. liquified natural gas (LNG) imports during the January-June 2022 period were recorded at their lowest level in at least 15 years, averaging 0.08 billion cubic feet per day (bcf/d), down by 60 percent compared with previous five year average of 0.2 bcf/d. At the same time, U.S. LNG exports have risen significantly, amid the…...
The Federal Energy Regulatory Commission on Sept. 9 issued its final environmental report for the Commonwealth LNG project, which includes a proposal to construct a natural gas liquefaction and export terminal in Louisiana. The study found that the project, with recommended mitigation measures in the report, would result in some adverse effects on the environment,…...
The U.S. has the largest liquefied natural gas export capacity in the world and emerged as the top exporter as of July 2022, according to a Sep. 6 report from the U.S. Energy Information Administration. U.S. LNG exports averaged 11.2 billion cubic feet per day (bcf/d) during the first half of 2022, up by 12…...
Natural gas pipeline exports from West Texas to Mexico were documented to be at record levels at 1.6 billion cubic feet per day (bcf/d) during May 2022, according to an Aug. 18 report from the U.S. Energy Information Administration. The administration also reported U.S. gas pipeline exports to average 1.4 bcf/d for the period Jan-May…...
The U.S. emerged as the world’s top liquefied natural gas exporter during the first half of 2022, according to a July 25 report from the U.S. Energy Information Administration. U.S. LNG exports averaged 11.2 billion cubic feet per day (bcf/d), up by 12 percent compared to the same period in 2021. An increase in U.S…....
The U.S. Energy Information Administration slashed its spot natural gas price forecasts for the second half of 2022 according to a July 12 report primarily due to lower-than-expected liquefied natural gas exports stemming from the extended outage at the Freeport LNG facility. The agency expects 10.5 billion cubic feet per day in U.S. LNG exports…...
The Pennsylvania Public Utility Commission on June 17 published complete details of their $234 million impact fees spendings in 2021 on natural gas producers. Till date, the commission has distributed $2.2 billion impact fees to Pennsylvania communities including this year’s distribution. The impact fee, also known as unconventional gas well fee, is paid by all…...