In 2017 China surpassed South Korea to become the world’s second-largest importer of LNG, according to data from IHS Markit and official Chinese government statistics, the EIA said. Driven by government policies designed to reduce air pollution, LNG imports increased by 1.6 Bcf/d in 2017, with monthly imports reaching 7.8 Bcf/d in December 2017. China has been striving to transition
United States leans away from coal as natural gas powers up to 20 gigawatts in 2018 The EIA’s January 2018 Short-Term Energy Outlook (STEO) forecasted that natural gas will remain the primary source of U.S. electricity generation for at least the next two years. The share of total electricity supplied by natural gas-fired power plants is expected to average 33%
From Whio.com A decision by an independent energy agency to reject the Trump administration’s plan to bolster the coal industry could lead to more closures of coal-fired power plants and the loss of thousands of jobs, a top coal executive said Tuesday. Robert Murray, CEO of Ohio-based Murray Energy Corp., called the action by the Federal Energy Regulatory Commission “a
In its latest Short-Term Energy Outlook the U.S. Energy Information Administration forecasts total U.S. crude oil production will average 9.2 million BOPD for all of 2017 and 10.0 million BOPD in 2018, which would mark the nation’s highest annual average production—surpassing the previous record of 9.6 million BOPD set in 1970. Crude oil EIA estimates that U.S. crude oil production
Pipelines, meters, household connections to be completed by 2021; project will cut China coal demand by 650,000 tons annually The Asian Infrastructure Investment Bank’s (AIIB) approved a US$250 million loan for a project that will connect about 216,750 households in approximately 510 rural villages to the natural gas distribution network in China. The investment in the project represents AIIB’s first
China on a tear to expand domestic gas output and diversify its natural gas imports China’s quest for natural gas “China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” said spokesperson Gao Feng at a regular press conference, Hellenic Shipping News reported. China’s natural gas import is expected to
Utica production up 45% Q2 to Q3 2017 CONSOL Energy (ticker: CNX) released its Q3 financials today and announced its division into new subsidiary companies. New companies, new names and ticker symbols The current parent, CONSOL Energy, will change its name to CNX Resources Corporation, and will retain its ticker symbol “CNX” on the NYSE CoalCo will change its name
For coal the damage is already done, plants are switching to natural gas Today U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt issued a Notice of Proposed Rulemaking (NPRM) that proposes to repeal the prior administration’s Clean Power Plan (CPP). “After reviewing the CPP, EPA has proposed to determine that the Obama-era regulation exceeds the Agency’s statutory authority,” the agency
U.S. responsible for 40% of the world’s new gas production by 2022: IEA A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58% from Q1 of 2016 to Q1 of 2017. The majority of the increase was in steam coal, which grew by 6
CONSOL Energy (ticker: CNX), a Pittsburgh based coal mining and natural gas exploration company plans to split the corporation into two separate companies, one focusing on natural gas exploration and production, the other focusing on coal mining. The company’s Pennsylvania Mining Complex, which is comprised of the Bailey, Enlow Fork, and Harvey mines as well as a coal preparation plant,
Gas pipelines critical to get gas to Florida – state added 3.4 GW of gas-fired power since 2016, another 3.9 GW coming in next 6 years The retirement of older coal and oil-fired power plants in the state has instigated the need for new natural gas generation capacity and, because Florida lacks the appropriate geology for underground natural gas storage,
EPA launches Back-to-Basics agenda at Pennsylvania coal mine U.S. Environmental Protection Agency Administrator Scott Pruitt visited the Harvey Mine in Sycamore, Pa., last week where he announced EPA’s Back-to-Basics agenda, cementing his earlier statement that the new administration has declared an end to the ‘war on coal’. The agenda is a result of Pruitt’s initiative to refocus EPA on its intended mission,
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