gas prices
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Trends
U.S. Natural Gas Supplies High, Prices at Record Low
The winter heating season, which is often defined as November through March in the U.S., is coming to an end with natural gas inventories 37% above the five-year average, according to the U.S. Energy Information Administration (EIA). Reduced consumption in the residential and commercial sectors this winter has been blamed for the high natural gas […]
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News
IHS: Natural Gas Prices Will Fall Below $2/MMBtu in 2020
Average natural gas prices at Henry Hub in 2020 could fall to below $2/MMBtu —a level “not seen in decades”—owing to a persistent oversupply, a new report from information and analytics firm IHS Markit suggests. Prices could fall despite strong demand for natural gas, both domestically, including for power generation, as well as for exports. […]
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Gas
Tightening Market Boosting Gas Prices as Exports Boom
The U.S natural gas market may be poised for a return to its traditional volatility as record power burn and rapidly growing exports are colliding with flat production, analysts are beginning to warn. After years of growth from hydraulic fracturing, production in April 2016 fell year-over-year for the first time since 2006, according to the […]
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Renewables
PG&E Moves to Retire 2.3-GW Diablo Canyon Nuclear Plant
Diablo Canyon, the two-reactor nuclear power plant on the central California coastline, will be permanently shuttered by 2025 under a renewables-boosting initiative announced today by its owner, Pacific Gas and Electric (PG&E). The company on June 21 unveiled a “joint proposal” with labor and environmental groups that seeks to increase investment in energy efficiency, energy […]
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Renewables
Experts: Gas Power’s Expansion Riddled with Roadblocks
Even though it may dominate forecasts, natural gas–fired generation faces a troubled expansion in the U.S., according to experts from a variety of stake-holding entities—including an industry group, a utility, a generator, and a pipeline company. Challenges that have few solutions—from price volatility, to gas transport concerns, to rule uncertainty—may upend the nation’s dependence […]