Natural gas prices are expected to be “volatile” across the United States as the winter heating season begins amid uncertainty about the weather, according to the U.S. Energy Information Administration (EIA). In its November Short-Term Energy Outlook (STEO), published Tuesday, the EIA estimates that U.S. natural gas storage levels had risen to within 3 percent of the…
Natural Gas Prices Expected to Be Volatile This Winter Amid Uncertainty About Weather: EIA
China Aims To Alleviate Energy Crunch With New US Natural Gas Deals
Amid soaring gas prices and domestic power shortages, China has signed three large-scale liquefied natural gas (LNG) deals with U.S. exporter Venture Global LNG to secure long-term supplies. For the past three years, China had imposed tariffs on U.S. natural gas due to the U.S.-China trade war. According to the United States Department of Energy,…
Trade Group Urges Department of Energy to Place Restrictions on US Natural Gas Exports
A manufacturers trade group has called on the Department of Energy (DOE) to order U.S. liquefied natural gas (LNG) producers to reduce exports, amid fears of potential supply shortages this winter. In a letter to U.S. Energy Secretary Jennifer Granholm (pdf) on Sept. 17, Industrial Energy Consumers of America (IECA), a trade group representing chemical, food, and materials manufacturers, asked…
Trade Group Urges Department of Energy to Restrict US Liquefied Natural Gas Exports
A manufacturers trade group has called on the Department of Energy (DOE) to order U.S. liquefied natural gas (LNG) producers to reduce exports, amid fears of potential supply shortages this winter. In a letter to U.S. Energy Secretary Jennifer Granholm (pdf) on Sept. 17, Industrial Energy Consumers of America (IECA), a trade group representing chemical, food, and materials manufacturers, asked…
Europe’s Gas Shortage Could See Rest of World Paying Larger Heating Bills This Winter: Experts
September 14, 2021
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Business & EconomyEconomiesEuropeHurricane IdaInternationalliquefied natural gasNatural gasRussiaWorld
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Europe’s record low supply of natural gas could see the rest of the world paying larger heating bills in an effort to stay warm this winter, experts warn. Natural gas prices have risen more than 35 percent in the past month amid lower supplies and a surge in demand as pandemic-hit economies around the world reopen,…
AGL Withdraws Plan To Build Gas Terminal in Victoria
Energy giant AGL has formally withdrawn its plan to build a liquefied natural gas (LNG) import terminal in Melbourne just weeks after the Victorian Labor government rejected the company’s proposal. “The Victorian Minister for Planning found AGL’s proposed project to have unacceptable environmental effects,” an AGL spokeswoman said in a statement. “As a result, AGL has…
Victoria Govt Rejects Proposal to Build Gas Terminal Amid Looming Shortfall
The Victorian state Labor government has rejected a plan by energy giant AGL to build a liquefied natural gas (LNG) import terminal along Melbourne’s Western Port due to “unacceptable” environmental effects. This comes just weeks after an ACCC report found that new sources of gas supply and related infrastructure were needed if Australia was to…
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