U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand

Credit to Author: Sonal Patel| Date: Wed, 30 Mar 2022 17:02:15 +0000

The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU through “accelerated market deployment” of clean energy measures. The measures are part of strategic energy cooperation […]

The post U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand appeared first on POWER Magazine.

Read more

Coal Use Rises, Prices Soar as War Impacts Energy Markets

Credit to Author: Darrell Proctor| Date: Tue, 08 Mar 2022 21:58:08 +0000

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

The post Coal Use Rises, Prices Soar as War Impacts Energy Markets appeared first on POWER Magazine.

Read more

IHS: Natural Gas Prices Will Fall Below $2/MMBtu in 2020

Credit to Author: Sonal Patel| Date: Thu, 12 Sep 2019 14:38:18 +0000

The post IHS: Natural Gas Prices Will Fall Below $2/MMBtu in 2020 appeared first on POWER Magazine.

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. […]

The post IHS: Natural Gas Prices Will Fall Below $2/MMBtu in 2020 appeared first on POWER Magazine.

Read more

‘Back on track’: Trump, Xi seal trade war truce

Credit to Author: jespinosa| Date: Sat, 29 Jun 2019 23:10:08 +0000

China's President Xi Jinping (R) greets US President Donald Trump before a bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. (Photo by Brendan Smialowski / AFP)

US President Donald Trump on Sunday hailed trade talks with his Chinese counterpart Xi Jinping as “far better than expected” and vowed to hold off on further tariffs as negotiations continue.

The post ‘Back on track’: Trump, Xi seal trade war truce appeared first on Inquirer News.

Read more