Category: Energy News Beat

US weekly LNG exports reach 27 cargoes

Energy News Beat The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 27 LNG vessels is 102 Bcf. This compares to 26 shipments and 98 Bcf in the week ending December 4. According to data from S&P Global Commodity Insights, average natural gas deliveries […]

Knutsen to provide FSU for LNG-to-power project in Honduras

Energy News Beat London-based Watson Farley & Williams (WFW), who advised Honduras-based Genesis Energias on the chartering of Knutsen’s LNG carrier Bilbao Knutsen, revealed the deal in a statement on Thursday. WFW said the 2004-built LNG carrier shall be used as an LNG floating storage unit for the loading, storage, and discharging of LNG as […]

Taiwan ups LNG imports in January-November

Energy News Beat Data from the Directorate General of Customs shows that the country received 19.72 million tonnes of LNG during the period. This is up by 8.1 percent year-on-year compared to 18.24 million mt in January-November last year. The data shows that most of these LNG supplies came from Australia (7.32 million mt), Qatar […]

The Most Splendid Housing Bubbles in America, November Update: Prices Drop in All 33 Big Metros, Most in Austin, Tampa, Dallas, San Antonio

Energy News Beat 19 Metros below 2022 peaks: Austin -22%, San Francisco -10%, Phoenix -9%, San Antonio -8%, Denver -7%, Salt Lake City -6%, Sacramento -6%, Portland -6%, Dallas -6%, Seattle -5%, Honolulu -5%… By Wolf Richter for WOLF STREET. The dynamics in the housing market are now sort of messy: The lowest demand for existing homes since 1995 […]

Norway Wants to Scrap EU Power Links amid Surging Prices

Energy News Beat Norway’s ruling party and the opposition party leading in the polls ahead of next year’s election plan to campaign for cutting off an interconnector with Denmark and renegotiate electricity interconnections with the EU and the UK as Norwegian power prices have soared to multi-year highs. While not a part of the European […]

Proposed $70 billion AI data centre in MD of Greenview could launch an incredible new chapter for western Canadian energy

Energy News Beat In case you missed it the other day, the Municipal District of Greenview, in west-central Alberta, announced some rather huge plans: to develop the “world’s largest AI Data Centre industrial Park”. The potential total value of the project could exceed a staggering $70 billion. This might, just might, be the tip of […]

PPI, “Core” PPI, “Core Services” PPI Inflation Much Hotter after Whopper Up-Revisions Going Back Months

Energy News Beat The problem is in services, which account for 67% of PPI. But goods prices are re-accelerating too. The whole inflation scenario has changed. By Wolf Richter for WOLF STREET. The prior months’ data of the Producer Price Index were revised substantially higher today, powered by whoppers of upward revisions in the PPI for services, something […]

Commentary: To keep the lights on, the Midwest needs an ‘all of the above’ power grid

Energy News Beat   The following commentary was written by Carrie Zalewski, former Chair of the Illinois Commerce Commission and currently vice president of markets and transmission at the American Clean Power Association; and Brent Bailey, former Mississippi Public Service Commissioner and current vice president of operations at Efficient Power & Light LLC. See our commentary […]

Which state is rivaling California on EV leadership? Colorado

Energy News Beat California has long led the way on electric vehicles, but another Western state is challenging the Golden State’s top spot. Between July and September, nearly 25 percent of the vehicles registered in Colorado were electric or plug-in hybrids. In California, that figure was just over 24 percent. It’s not enough to crown Colorado the new undisputed leader […]

Argentina’s crude oil and natural gas production near record highs

Energy News Beat Data source: U.S. Energy Information Administration and Argentina Ministry of Energy (Secretaría de Energía de la República Argentina [SESCO]) Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields. From January […]