Tag: us natural gas
Natural Gas Spot Prices Fell Across Key Regional Trading Hubs in 2024
Average natural gas spot prices at most major trading hubs in the Lower 48 states declined in 2024 compared with 2023 in real terms, according to data from Natural Gas Intelligence. Inflation-adjusted natural gas prices in the Northeast at Algonquin Citygate and Eastern Gas South averaged 32 cents per million British thermal … [continued]
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LNG Bubble Is Going To Deflate Rapidly With Harsh US Impacts
LNG exports are a big US success story in recent years. The first large export terminal was commissioned in 2018, and only seven years later, the country is the largest LNG exporter in the world, providing about 20% of the global supply. The industry has had a lot of favorable … [continued]
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US Electric Power Sector Has Driven Rising Pennsylvania Natural Gas Consumption Since 2013
Natural gas-fired electric power generation has increased in Pennsylvania since 2013 as the state has shifted toward natural gas as its main fuel source for electric power generation. In October 2024, natural gas-fired generation accounted for 57% of the electricity generated in Pennsylvania, more than twice the share in October … [continued]
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