gas

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COVID-19 and Possible Economic Demand Destruction

Let’s talk about the 6-ton elephant in the room, economic demand destruction. The ongoing COVID-19 pandemic and simultaneous oil price war have joined forces to drive a sector-wide commodity sell-off.  As cities and states across the U.S. have begun issuing unprecedented measures to contain the spread of the virus (today, Governor Cuomo of New York […]

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EVA Expects Coal Burn to Reach 470 Million Tons in 2020

NATIONAL TAKE-AWAYS After a warmer-than-expected winter, natural gas is expected to continue to take market share from coal resources through 2020. EVA’s March 2020 Gas & Coal Price Sensitivity Outlook draws the following high-level conclusions: January coal burn dropped by nearly 20 million tons YoY, the largest monthly drop recorded in recent history. Weak electricity […]

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Pennsylvania Governor Pushes to Join RGGI

Pennsylvania makes strides towards joining regional carbon cap-and-trade program On October 3, 2019, Pennsylvania Governor Tom Wolf (D) issued an executive order directing the state’s Department of Environmental Protection (DEP) to develop a proposal to limit power sector carbon emissions consistent with the Regional Greenhouse Gas Initiative (RGGI), a multi-state cap-and-trade program intended to reduce […]

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Update: Indiana Governor Signs Bill Preventing Public Utilities From Retiring Coal

Update: H.B. 1414 was signed into law by Indiana Governor Eric Holcomb (R) on March 23rd. The below blog post was EVA’s analysis as of January 27th. A recently proposed Indiana bill would prevent public utilities from retiring, selling, or otherwise altering the operations of any of their electric generating facilities without first obtaining permission […]

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2019 LNG Market Roundup

In 2019 EVA’s Quarterly LNG Outlook tracked import and export terminal progress, global supply and demand dynamics, and the resulting price price environment. Our major LNG Market 2019 takeaways are as follows: Gas Glut and Price Slump in LNG Market: Mild weather and oversupply drove both Asia and Europe LNG indices to collapse in 2019. […]

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Gas and Coal Price Sensitivity Outlook: ERCOT Spotlight

National Summary: Gas burn in February actualizing at a record 27.35 BCFD, nearly 0.6 BCFD higher than in January and 2.4 BCFD higher YoY. Coal burn was relatively flat YoY for February, while hydro generation declined by 13.5% from last year. Exhibit seven demonstrates that gas burn is expected to remain around 27 BCFD through […]

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Gas and Coal Burn Sensitivity Outlook: PJM Spotlight

EVA’s monthly Gas & Coal Price Sensitivity Outlook shows that December gas burn actualized at 23.9, bringing the annual 2018 gas burn to roughly 29 BCFD—a record high. Coal burn declined YoY, falling to around 637 million tons in 2018. Only four years ago coal burn was above 800 million tons, highlighting how retirements and […]

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