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What is the outlook for the natural gas spot price in 2024 and 2025?
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We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per million ...

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Nuclear reactor restarts in Japan have reduced LNG imports for electricity generation
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After the 2011 Fukushima Daiichi accident, Japan suspended operations at all of its remaining 48 nuclear power reactors by 2013 and relied almost exclusively ...

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LNG sale and purchase agreements signed in 2023 support U.S. LNG projects
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Developers advanced three liquefied natural gas (LNG) projects to the construction phase in 2023, following the signing of sale and purchase agreements ...

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U.S. natural gas consumption established a new daily record in January 2024
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On January 16, 2024, a record high of 141.5 billion cubic feet (Bcf) of natural gas was consumed in the U.S. Lower 48 states (L48), exceeding the previous ...

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United Arab Emirates invests to meet 2027 crude oil production capacity goal
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The United Arab Emirates (UAE) has invested heavily in increasing hydrocarbon production capacity and developing midstream and downstream infrastructure to ...

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Tracking electricity consumption from U.S. cryptocurrency mining operations
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Electricity demand associated with U.S. cryptocurrency mining operations in the United States has grown very rapidly over the last several years. Our ...

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Red Sea attacks increase shipping times and freight rates
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After Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab ...

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Electric vehicles and hybrids surpass 16% of total 2023 U.S. light-duty vehicle sales
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Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States rose to 16.3% of total new ...

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The cost of transporting coal to the electric power sector increased in 2022
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We released new data on the electric power sector's coal transportation costs. The release incorporates final data for 2022 from Form EIA-923, which we collect ...

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Projected zero carbon electricity growth highly dependent on cost in parts of Asia
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We project low zero-carbon technology costs will drive substantial growth in zero-carbon electricity capacity and generation and limit growth in fossil ...

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