Cheap Gas Killing US Coal -Rystad
A new study revealed that coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas.According to Rystad Energy, new renewable energy capacity from solar and wind is on the rise in the US, and April 2019 marked the first month when more electricity was generated in the country from renewable sources than from coal.However…
EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to support the construction and operation of a liquefied natural gas (LNG) terminal at the Klaipėda seaportin Lithuania The LNG terminal has…
U.S. Gas Rebalances as Power Returns to Coal
The U.S. natural gas market has rebalanced with higher prices steadying production while reducing demand from electricity generators and making room for increased exports. Higher prices have averted the stock crunch many analysts feared in 2017 as a result of rising exports and the start up of a large number of new gas-fired combined cycle power plants. During the first six months of 2017…
Hedge Funds Turn Bearish on U.S. NatGas
Hedge funds have turned much more bearish towards U.S. natural gas prices after stocks built much more than expected at the start of the summer cooling season. Hedge funds and other money managers cut their net long position in the two main futures and options contracts linked to Henry Hub prices by 765 billion cubic feet in the week to June 6. Fund managers cut their net long position by a total of 1…
U.S. Natural Gas Prices Tumble as Coal Surges
U.S. natural gas prices have tumbled by more than 10 percent since late May as hedge funds start to liquidate a near-record bullish position accumulated in the expectation of a tighter market that failed to materialise. Hedge funds and other money managers reduced their combined net long position in the two main futures and options contracts linked to Henry Hub prices by 584 billion cubic feet in the week to May 30.
Botswana Launches Regulator to Oversee Private Power Firms
Botswana has established an energy regulator to manage private firms it hopes will expand an electricity sector currently dominated by the state, a local newspaper reported Wednesday. "The authority will be mandated to make sure that power producers follow set prices, and that will encourage fair competition while also protecting consumers, government and electricity generators," advisor at the Department of Energy Freddie Motlhatlhedi told the Daily News.
Shale Gas Slump Hits U.S. Railroad Diesel Demand
Cheap natural gas has slashed coal traffic across the U.S. rail network and in turn hit demand for diesel, demonstrating the interlocking relationship between the country's energy and transport systems. U.S. rail freight declined more than 6 percent in the first 12 weeks of 2016 compared with a year earlier, according to the Association of American Railroads (AAR). Most…
Kemp: Shale Gas Hits U.S. Railroads and Diesel Demand
Cheap natural gas has slashed coal traffic across the U.S. rail network and in turn hit demand for diesel, demonstrating the interlocking relationship between the country's energy and transport systems. U.S. rail freight declined more than 6 percent in the first 12 weeks of 2016 compared with a year earlier, according to the Association of American Railroads (AAR). Most…
Britain's Coal Transition Holds Lessons for China
Britain's last deep coal mine closed on Friday, bringing the curtain down on an industry that once employed more than 1 million miners at over 3,000 collieries. Coal helped Britain become the first modern industrial power, fuelling her factories, steel works, ships and railways in the 19th century, when the country became famous as the workshop of the world ("Energy transitions", Smil, 2010).
India Coal Output Might End Disappointing Performance
One of the most common assumptions among coal watchers is that India's rising demand will translate into increasing imports, thus providing one of the few bright spots for a beleaguered industry. While there is little doubt about the bullish demand outlook for India, the belief that imports will have to rise is predicated on the view that domestic coal output will continue to disappoint.
China's National Carbon Market to Start in 2016
China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules for what will be the world's biggest emissions trading scheme. The world's biggest-emitting nation, accounting for nearly 30 percent of global greenhouse gas emissions, plans to use the market to slow its rapid growth in climate-changing emissions.
China's Emitters Meet Targets Amid Falling Prices
Nearly every carbon emitter covered by China's largest pilot emissions scheme met Tuesday's compliance deadline, a government official said, as permit prices slipped to an all-time low amid ample supply and with no last-minute scramble for allowances. The Guangdong scheme - one of China's seven pilot carbon markets aimed at controlling greenhouse gas emissions that contribute…
E.ON Still Expects Grohnde Reactor Back on June 20
German nuclear operator E.ON on Thursday said its closed Grohnde reactor was expected to reopen on June 20, in line with a six-week closure extension earlier this month resulting from a generator fault. Energy traders' talk that additional findings in an ongoing probe at the plant might lengthen its outage had boosted European carbon emission permits prices. Longer-than…
