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Europe’s LNG import capacity set to expand by one-third by end of 2024

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Liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Expansions of import, or ...

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Consumer Advocates say US LNG Exports are Driving Up Domestics Prices.

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EnergyCheap is always looking to share news about energy price trends.

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Residential heating oil prices start winter heating season higher than last year

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U.S. heating oil prices were 65% higher this October than they were in October of last year, according to our Heating Oil and Propane Update (HOPU). The winter heating season runs from October 1 through the end of March. Residential heating oil prices rose to an annual high of $5.90 per gallon (gal) on November 7, ...

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Working natural gas stocks end refill season near previous five-year average

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Working natural gas stocks reached 3,644 billion cubic feet (Bcf) as of November 11, 2022, according to the Weekly Natural Gas Storage Report, nearly matching the five-year average, and exceeded the year-ago level for this time of year. The deficit to the five-year average totaled 7 Bcf (0.2%) as of November 11—its ...

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One of the largest wind farms in the United States was completed in Oklahoma last spring

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In April 2022, the Traverse Wind Energy Center in Oklahoma was completed and came online. At 999 megawatts (MW) of capacity, the Traverse facility is one of the largest wind farms in the United States and is the largest wind farm built in one phase in North America. Project developers expect that it will generate ...

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Natural gas imports from Canada continue providing winter reliability to U.S. markets

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Despite the downward trend in natural gas imports from Canada, trade between the United States and Canada remains important in balancing U.S. natural gas markets and helps ensure reliable supply to parts of the United States. Because of ample capacity on pipelines and in storage facilities in Canada, suppliers can ...

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Real U.S. gasoline prices this Thanksgiving are mostly unchanged from last year

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Consumers paid, on average, $3.65 per gallon (gal) at the pump for U.S. regular gasoline on November 21, the Monday before Thanksgiving. This year's Monday-before-Thanksgiving price is 7.5%, or $0.25/gal, higher than last year, which is the same as the overall consumer goods price increase of 7.7%, based on the ...

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New Software To Predict Building Energy Usage

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According to EnergyPlus "Buildings account for more than 40% of U.S. energy use and 70% of the country’s electricity use. Reducing that consumption and “shaping” it to match renewable generation is one of the key challenges of our clean energy future. We need to design and operate buildings to be more efficient, ...

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2022: Energy limits are likely to push the world economy into recession

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In my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs.With growing debt and other indirect promises of future goods and services, such as rising asset prices.With growing complexity, such as greater ...

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“Our Next Energy” Tests Its 750-Mile Range Prototype Battery In A Tesla Model S

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Our Next Energy (ONE), a Michigan-based startup, tested its prototype of a new battery in a Tesla Model S and drove 752 miles before having to recharge, Reuters has reported. ONE plans to start producing battery packs that will deliver a similar range in 2023. Mujeeb Ijaz, ONE’s founder and CEO, shared their plans to ...

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