Energy Blog

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SoCal Gas & Power Prices Rising Sharply Heading into December

December gas prices for SoCal Citygate increased dramatically over the last six weeks. On Monday, the December contract settled at $6.21/MMBTU, its highest settle in four years and more than $2/MMBTU higher than its average through 2017. The prospect of higher gas prices has also pushed SP-15 December power prices to record highs. As noted […]

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New natural gas pipeline capacity may outpace production gains over next several months

Over 16.4 BCFD of new natural gas pipeline capacity is expected to come into service between now and October 2018. A large chunk of this capacity (7.2 BCFD) aims to provide incremental production takeaway capacity, primarily in the Marcellus/Utica region (see map below). However, EVA’s most recent natural gas production forecast suggests these pipelines may […]

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Clean Power Plan Repeal Finally Picks Up Steam

On October 10, 2017, the U.S. Environmental Protection Agency (EPA) added another chapter to the story of one of the most contentious environmental regulations, when EPA Administrator Scott Pruitt issued the proposed Clean Power Plan Repeal Rule.  This action, almost 200 days after President Trump ordered the EPA in his Executive Order to Promote Energy […]

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Metallurgical Coal Production drops in Third Quarter, Despite Strong Market Conditions

Quarterly coal production data from the Mine Safety and Health Administration (MSHA) show a significant drop in metallurgical coal production for the third quarter in 2017. While year-to-date metallurgical coal production is still well above 2016 levels (+26.7% through Q3), quarter-on-quarter production data shows a 9.5% decline, despite strong export market conditions for U.S. met […]

TAGS: Coal
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Pumping the PURPA Brakes: North Carolina opts for a more competitive solar development process

Renewable energy development in the Southeast U.S. has been largely non-existent, with the notable exception of North Carolina. Even there, wind development has been scarce, but the state has emerged as the nation’s second largest state for utility scale solar, behind only California. Having added 828 MW in 2015 and 758 MW in 2016, North […]

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Sabine Pass LNG fills the tanks while waiting for Harvey to pass

Despite devastating much of Texas’ Gulf Coast, Hurricane Harvey has by all accounts spared Sabine Pass LNG, located on the Texas-Louisiana border. Owner and operator Cheniere has said operations were largely unaffected by the storm and corresponding deluge. Yet, no LNG cargoes have been loaded at the facility since Thursday 8/24 (just before the storm […]

TAGS: LNG
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Iranian Oil: Not Quite Open for Business

With the UN sanctions relief, Iran is seeking to revitalize its oil industry and already has raised oil production to near pre-sanction levels. The National Iranian Oil Company (NIOC) aims to increase production capacity through 2021 to 4.8 MMBD by appealing to global oil majors for capital investments and renovations to their drilling and production […]

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