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Energy Information Administration (EIA) recently reported that U.S. naturalgas consumption set new winter and summer consumption records in 2024, highlighting the growing importance of naturalgas in the global energy mix.
An Ohio town known as a hub for the burgeoning data center industry may soon have one or more new naturalgas-fired power plants to support the area's need for energy. The post More NaturalGas-Fired Plants Planned to Support Ohio Data Centers appeared first on POWER Magazine.
Australias Woodside Energy, the developer of the Louisiana LNG export project, expects global naturalgas demand to jump by 50% by the end of the decade, chief executive Meg ONeill said at an industry conference on Tuesday.
Naturalgas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, supply constraints, record liquefied naturalgas (LNG) exports, and global demand pressures. This surge has significant implications for consumers, industries, and energy markets worldwide.
A Texas-based energy company has announced plans to build a 1.2-GW GW naturalgas-fired power plant in Lee County, Texas, with construction expected to begin in 2025. Sandow Lakes Energy Co. […] The post New 1.2-GW GW NaturalGas-Fired Plant Announced for Texas appeared first on POWER Magazine.
Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and naturalgas importer. But naturalgas demand is only going up, and its expected to continue growing for decades.
An executive with the TC Energy, a group that is among the largest operators of naturalgas pipelines in North America, said electricity demand from energy-intensive data centers will support […] The post Industry Exec: Data Centers Will Drive Demand for NaturalGas appeared first on POWER Magazine.
Data centers and liquefied naturalgas exports are set to keep naturalgas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic.
Right-wing politicians on both sides of the Atlantic blame it all on those woke renewable energy requirements. Unfortunately for the dogmatists, much of the blame lies with the price of naturalgas, or more to the point, the way the price of naturalgas sets all electricity prices in
Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW naturalgas-fired power plant, as the company seeks to add more generation capacity to help serve surging demand from data centers. The post Dominion Seeks Virginia Approval for 1-GW Gas-Fired Power Plant appeared first on POWER Magazine.
BP approved on Thursday the development of the Ginger naturalgas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027.
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. The energy sector plays a critical role in the future of reducing emissions, while also providing the essential energy customers and communities need.
BP expects to post a weak naturalgas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations.
Russia expects its naturalgas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday.
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost naturalgas production from fields in the Gippsland Basin offshore southeastern Australia.
Maryland lawmakers have introduced a bill in the state legislature that sponsors say would provide an easier path to build new power plants, including naturalgas-fired facilities, and lower utility bills for ratepayers as part of the process.
Green hydrogen is lauded as a potential game-changer for clean energy because it can be combusted at high heat like fossil fuels to power sectors like steelmaking, shipping, and transport. But a new breakthrough in hydrogen harvesting could put the sector back on track for major industry disruption.
Texas-based oil and gas major Energy Transfer said the company has entered into a long-term agreement with Colorado-based CloudBurst Data Centers for the energy supply to serve a data center […] The post Energy Transfer Will Provide NaturalGas to Texas Data Center Project appeared first on POWER Magazine.
who is now a senior policy advisor for the law firm Van Ness Feldman and co-chair of the Natural Allies Leadership Council, is keen […] The post Landrieu: NaturalGas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals appeared first on POWER Magazine. Mary Landrieu (D-La.),
The European Union reduced its combined pipeline gas and LNG imports by 18% between 2021 and 2024, as consumption slumped by 20%, a gas flow tracking tool of the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Wednesday. European energy-intensive
NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. The acquisition will double NRGs generation capacity with the addition of 18 naturalgas-fired facilities totaling approximately
Calgary-based Vermilion Energy Inc. and allow it to reduce debt and focus on naturalgas assets in Canada and Europe. Vermilion Energy expects to close the transaction in the will sell its assets in the United States for $88 million (C$120 million), which will complete its exit from the U.S.
The Republicans in Congress have not wasted any time in addressing the ongoing tragedy of states (and municipalities) banning fracking or the right to choose which energy source (like naturalgas) to use. We happened to spot details about two new bills just introduced in Congress, one by New York Rep.
News True Blue Blog Where energy conversations come to life. For untold millions of those businesses, naturalgas is the difference between thriving and struggling to make a profit. The low cost of naturalgas has saved American commercial and industrial customers half a trillion dollars in the past decade.
News True Blue Blog Where energy conversations come to life. The theme of this years financial forum: naturalgas is fueling the moment, declared AGA VP, Membership and Strategic Development Edith Naegele at AGAs 2025 Financial Forum in Marco Island last week. Energy is nearly 7% of GDP, but it impacts 100%, said Lloyd Yates.
For years, naturalgas has been hailed as a bridge fuel that will play a critical role in the transition to renewable energy and low-carbon fuels. Naturalgas is gaining further prominence in the current era of surging power demand growth: Last year, Morgan Stanley predicted that the U.S. naturalgas
Iraq is moving to achieve energy security by diversifying its energy sources and reducing reliance on imports of Iranian electricity and naturalgas. While Iranian electricity is only about 2% of Iraqs demand, Iranian naturalgas is over 40%, making diversification crucial.
The chief executives of some of the largest Canadian energy companies called on Canadas main political parties to declare a Canadian energy crisis and key projects in the national interest, which would speed up reforms, planning, and construction of new oil and gas pipelines and LNG terminals. This is in answer to inquiries on
billion contract to a Spanish-Egyptian joint venture to build a large-scale 3 gigawatts (GW) combined cycle gas-fired power plant in the Eastern Province of the Kingdom, the Egyptian contractor said on Monday. Saudi Arabia has awarded a $2.6-billion Orascom Construction and Tcnicas
News True Blue Blog Where energy conversations come to life. Floods, tornadoes and tropical storms can all disrupt the delivery of essential energy services but some types of energy are far more resilient than others against natural disasters. It also mainly runs on the very naturalgas it transports.
Canadian energy producers are focusing more on naturalgas as oil prices suffer the combined effects of the U.S. Yet drillers started turning to naturalgas to regain their balance much earlier than April. Yet drillers started turning to naturalgas to regain their balance much earlier than April.
Supply chain constraints and higher cost have forced energy companies to withdraw eight projects to build gas-fired power plants in Texas under a $5-billion state loan program, the Financial Times reported on Tuesday. The Texas Energy Fund was established in 2023
The Trans-Balkan pipeline, which historically carried Russian gas southward, has now been reversed to bring non-Russian gas northward into Ukraine. Source: TSOUA A Ukrainian energy ministry source
Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 ENN NaturalGas currently owns 34.28% in ENN Energy. billion (HK$90.50
Rising oil and naturalgas production from the 7.7-million-acre President Javier Mileis economic shock therapy, coupled with soaring oil and naturalgas production, has put Argentina on the path to recovery.
That energy commodities will be the first to suffer from the trade spat between the United States and China was only to be expected. As tensionand tariff ratesrise, energy commodity trade has plummeted. And it has spread to one major U.S. export segment: petrochemical feedstock.
The warm temperatures in Europe from earlier this week will abruptly shift to freezing conditions in the weekend and next week, testing Europes renewable power generation and low naturalgas stocks. The UK, Germany, France, and even Spain are expected to experience freezing temperatures as early as this Friday.
Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and naturalgas employment, wages and other key economic factors for ?the TIPROs State of.
CPS Energy will acquire Talen Energy’s 1.7-GW GW portfolio—comprising three naturalgas–fired power plants—in the Texas market for $785 million. The nation’s largest municipally owned power entity on March 27 said […] The post CPS Energy to Acquire Talen’s 1.7-GW
Energy Transfer is targeting a final investment decision on its Lake Charles LNG export project in Louisiana by the end of the year as it is progressing with contracting LNG offtake volumes, the U.S. pipeline giant said during the Q1 earnings call.
(Oil & Gas 360) – Electricity Data For The Month Of March Highlights Why Many Are Likely To Soon Be Caught Very NaturalGas Short More energy needed to power the much needing to be done had 3.2% The quantity of electricity fueled by naturalgas set new record highs 9 of the last 12 months (Figure 2.
When it comes to choosing a naturalgas provider, the options can feel overwhelming. That’s why consumer investigator Dale Cardwell is proud to count True NaturalGas among his TrustDALE certified partners. “Gas is gas,” says Leslie Marlor, President of True NaturalGas.
The operator of the largest gas-fired electricity generation fleet in America believes that renewables will be vital to meet the rise in power demand driven by AI and the reshoring of manufacturing. And wind, solar, and battery storage can act as the bridge energy source until new naturalgas
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