Tag #Natural Gas

Showing 61 to 72 of 103 results

kathimerini.gr

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Feb 13, 10:10

Greece Faces Energy Crisis Amidst Soaring Natural Gas Prices

Soaring natural gas prices are creating a difficult situation for Greece, where natural gas's share in electricity generation increased from 36% in January 2024 to 56.3% currently, causing a 45% rise in wholesale electricity prices in January 2025 compared to January 2024, impacting households and b...

Greece Faces Energy Crisis Amidst Soaring Natural Gas Prices

Soaring natural gas prices are creating a difficult situation for Greece, where natural gas's share in electricity generation increased from 36% in January 2024 to 56.3% currently, causing a 45% rise in wholesale electricity prices in January 2025 compared to January 2024, impacting households and b...

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What is the immediate impact of the increased natural gas prices on the Greek economy, and what specific measures are being considered to address this impact?

Greece is facing a challenging situation due to the soaring natural gas prices, impacting its electricity costs significantly. The country's reliance on natural gas for power generation has risen to 56.3%, leading to a 45% increase in the average wholesale electricity price in January compared to January 2024. This increase is affecting both households and businesses during a period of prolonged inflation.

kathimerini.gr

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Feb 12, 13:17

European Energy Crisis Deepens as Prices Surge Amidst Low Gas Reserves

Europe faces soaring natural gas and electricity prices due to low reserves and halted Russian supplies, impacting countries like Greece where prices reached €182.11/MWh today and reserves are at 49%, projected to fall to 30-35% by April.

European Energy Crisis Deepens as Prices Surge Amidst Low Gas Reserves

Europe faces soaring natural gas and electricity prices due to low reserves and halted Russian supplies, impacting countries like Greece where prices reached €182.11/MWh today and reserves are at 49%, projected to fall to 30-35% by April.

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How are low European gas reserves impacting the current price surge, and what is the projected level of reserves by the end of winter?

This price surge is impacting wholesale electricity prices across Europe, particularly in Southeastern Europe, including Greece. Greece's average MWh price reached €182.11 today, up from €135.13 in January, while prices in Bulgaria, Serbia, and Romania are at similar levels.

faz.net

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Feb 10, 16:11

European Gas Prices Surge to Two-Year High

European natural gas prices reached a two-year high of 58.75 euros per megawatt-hour on Monday due to colder weather forecasts and lower-than-average gas storage levels in Germany, which are now below 50 percent compared to nearly 80 percent at the start of the year, resulting in significantly highe...

European Gas Prices Surge to Two-Year High

European natural gas prices reached a two-year high of 58.75 euros per megawatt-hour on Monday due to colder weather forecasts and lower-than-average gas storage levels in Germany, which are now below 50 percent compared to nearly 80 percent at the start of the year, resulting in significantly highe...

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What are the primary factors driving the recent surge in European natural gas prices to a two-year high?

European natural gas prices hit a two-year high on Monday, reaching "58.75 euros per megawatt-hour" due to the prospect of lower temperatures. This increase, according to Verivox, has significantly raised gas prices for households, driven by increased wholesale prices, VAT, and network charges.", A2=

apnews.com

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Jan 28, 19:13

US Energy Firms Partner to Power AI Data Centers with Natural Gas

Chevron, Engine No. 1, and GE Vernova are partnering to build up to four gigawatts of natural gas-powered data centers across the US by 2027 to meet the rising electricity needs of AI development, using seven American-made GE Vernova turbines and initially bypassing the existing transmission grid.

US Energy Firms Partner to Power AI Data Centers with Natural Gas

Chevron, Engine No. 1, and GE Vernova are partnering to build up to four gigawatts of natural gas-powered data centers across the US by 2027 to meet the rising electricity needs of AI development, using seven American-made GE Vernova turbines and initially bypassing the existing transmission grid.

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What are the potential long-term implications of this project on US energy independence and global AI competition?

This project signifies a significant investment in US energy infrastructure tailored to AI needs. The potential expansion beyond the initial four gigawatts, powering millions of homes, suggests a long-term commitment to securing American dominance in AI development and its associated economic benefits. The partnership's focus on bypassing the existing grid indicates a proactive strategy to manage energy costs and maintain competitiveness.

tass.com

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Jan 25, 19:09

Hungary and Turkey Condemn Ukrainian Attack on TurkStream Pipeline

Hungarian Foreign Minister Peter Szijjarto and Turkish Energy Minister Alparslan Bayraktar condemned the Ukrainian drone attack on the TurkStream natural gas pipeline in Russia"s Krasnodar region on January 13, 2024, calling for EU action to protect this crucial energy supply route to Central Europe...

Hungary and Turkey Condemn Ukrainian Attack on TurkStream Pipeline

Hungarian Foreign Minister Peter Szijjarto and Turkish Energy Minister Alparslan Bayraktar condemned the Ukrainian drone attack on the TurkStream natural gas pipeline in Russia"s Krasnodar region on January 13, 2024, calling for EU action to protect this crucial energy supply route to Central Europe...

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What are the immediate consequences of the attack on the TurkStream pipeline for Hungary and the EU?

Following Ukrainian attacks on the TurkStream pipeline in Russia"s Krasnodar region, Hungarian Foreign Minister Peter Szijjarto and Turkish Energy Minister Alparslan Bayraktar condemned the attacks as outrageous and unacceptable. They called for EU action to protect the pipeline, which is crucial for Hungary's natural gas supply. Hungary received a record 7.6 billion cubic meters of gas via TurkStream in 2024.

politico.eu

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Jan 20, 22:10

Trump's Promise of Increased US Gas Exports to Europe: Boon or Bane?

US President-elect Donald Trump's promise to boost US energy production, potentially increasing LNG exports to Europe, could ease the continent's energy crisis and reduce reliance on Russia, but market forces and potential trade tensions pose significant challenges.

Trump's Promise of Increased US Gas Exports to Europe: Boon or Bane?

US President-elect Donald Trump's promise to boost US energy production, potentially increasing LNG exports to Europe, could ease the continent's energy crisis and reduce reliance on Russia, but market forces and potential trade tensions pose significant challenges.

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What factors beyond Trump's influence could hinder or facilitate increased US gas exports to Europe?

Trump's potential policy changes, such as lifting the ban on new LNG projects, could boost US LNG production. This aligns with existing political will in both the US and EU to increase gas trade, but market forces and potential trade tensions remain significant obstacles.

repubblica.it

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Feb 13, 16:08

India's Natural Gas Demand to Surge 60% by 2030

India's natural gas demand is set to increase by almost 60% in the next five years, reaching 103 bcm annually by 2030, driven by infrastructure expansion, rising domestic production, and easing global market conditions, according to the IEA.

India's Natural Gas Demand to Surge 60% by 2030

India's natural gas demand is set to increase by almost 60% in the next five years, reaching 103 bcm annually by 2030, driven by infrastructure expansion, rising domestic production, and easing global market conditions, according to the IEA.

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How will the expansion of India's natural gas infrastructure, including CNG distributors and pipelines, impact the growth of gas consumption across different sectors by 2030?

This dramatic increase follows a period of slow growth and periodic declines. The International Energy Agency (IEA) attributes the turning point to the last two years (2023-2024), when demand rose by over 10%. The IEA highlights the crucial role of infrastructure development, with a near quadrupling of CNG distributors and more than doubling of residential gas connections since 2019.

abcnews.go.com

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Feb 12, 22:20

FERC Approves Plan to Prevent Power Shortages, Favoring Natural Gas Plants

The Federal Energy Regulatory Commission approved PJM Interconnection's plan to prevent power shortages in the mid-Atlantic grid by 2026, prioritizing projects ready for construction with high power capacity, which critics say favors natural gas plants over renewable energy sources.

FERC Approves Plan to Prevent Power Shortages, Favoring Natural Gas Plants

The Federal Energy Regulatory Commission approved PJM Interconnection's plan to prevent power shortages in the mid-Atlantic grid by 2026, prioritizing projects ready for construction with high power capacity, which critics say favors natural gas plants over renewable energy sources.

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What are the immediate implications of the FERC's approval of PJM's plan to address potential power shortages, and how might it affect the energy landscape in the mid-Atlantic region?

The Federal Energy Regulatory Commission approved PJM Interconnection's plan to prevent power shortages in the mid-Atlantic grid by 2026, potentially fast-tracking new natural gas plants. This follows PJM's December proposal, citing concerns about retiring coal and nuclear plants alongside rising electricity demand. The plan prioritizes projects ready for construction with high power capacity and reliable electricity production during peak demand.

kathimerini.gr

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Feb 4, 10:09

Soaring European Electricity Prices Expose Energy Market Vulnerabilities

European wholesale electricity prices soared this week, exceeding €150/MWh in several countries due to dwindling natural gas reserves and increased competition for LNG supplies, highlighting the vulnerability of the integrated energy market and prompting calls for greater energy independence.

Soaring European Electricity Prices Expose Energy Market Vulnerabilities

European wholesale electricity prices soared this week, exceeding €150/MWh in several countries due to dwindling natural gas reserves and increased competition for LNG supplies, highlighting the vulnerability of the integrated energy market and prompting calls for greater energy independence.

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What are the underlying causes of the surge in European energy prices, and how do these factors interact to create the current situation?

The price increases reflect Europe's struggle to secure LNG supplies to offset dwindling natural gas reserves following the disruption of Russian gas transit through Ukraine. This shortage intensifies competition among consumers, driving up both gas and electricity prices, reaching a 15-month high of €54.2/MWh for gas last week.

abcnews.go.com

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Jan 28, 19:13

Chevron-Led Consortium to Build US Data Centers Powered by Natural Gas

Chevron, Engine No. 1, and GE Vernova announced a joint venture to build natural gas-powered data centers across the US, aiming for 4 gigawatts of power by 2027 to support AI development and counter China's AI advancements, initially bypassing the electricity grid.

Chevron-Led Consortium to Build US Data Centers Powered by Natural Gas

Chevron, Engine No. 1, and GE Vernova announced a joint venture to build natural gas-powered data centers across the US, aiming for 4 gigawatts of power by 2027 to support AI development and counter China's AI advancements, initially bypassing the electricity grid.

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What are the potential economic and environmental consequences of this project?

The joint venture leverages abundant US natural gas to power data centers, aiming to secure American AI dominance and boost economic productivity. This strategy counters China's advancements in AI, as evidenced by DeepSeek's new chatbot impacting tech stocks. The project is expected to power 3-3.5 million homes.

lemonde.fr

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Jan 21, 10:09

Record Gas Consumption in 2024: Fragile Market Amidst Geopolitical Tensions

Global natural gas consumption hit a record high in 2024, up 115 billion cubic meters from 2023, driven by strong Asian demand; however, the market remains fragile due to limited supply and geopolitical tensions, particularly concerning the halt of Russian gas transit through Ukraine.

Record Gas Consumption in 2024: Fragile Market Amidst Geopolitical Tensions

Global natural gas consumption hit a record high in 2024, up 115 billion cubic meters from 2023, driven by strong Asian demand; however, the market remains fragile due to limited supply and geopolitical tensions, particularly concerning the halt of Russian gas transit through Ukraine.

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What are the immediate impacts of the record-high global natural gas consumption in 2024, and how does this affect global energy markets?

Global natural gas consumption reached a record high in 2024, exceeding 2023 levels by 115 billion cubic meters (a 2.8% increase). This surpasses the average growth rate of 2% seen between 2010 and 2020, with Asian markets driving this surge. The International Energy Agency (IEA) notes that despite this, the global gas market remains fragile due to limited supply and geopolitical tensions.

forbes.com

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Jan 16, 16:09

New Texas Gas Storage Facility Bolsters Grid Ahead of Arctic Blast

Texas's new 24 billion cubic foot Trinity Gas Storage facility begins operations, bolstering the state's energy grid ahead of an arctic cold snap; this follows grid improvements and increased generation since 2021's Winter Storm Uri, easing concerns about blackouts despite intermittent renewable ene...

New Texas Gas Storage Facility Bolsters Grid Ahead of Arctic Blast

Texas's new 24 billion cubic foot Trinity Gas Storage facility begins operations, bolstering the state's energy grid ahead of an arctic cold snap; this follows grid improvements and increased generation since 2021's Winter Storm Uri, easing concerns about blackouts despite intermittent renewable ene...

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What immediate impact will the new natural gas storage facility have on Texas's energy grid stability during the predicted sub-freezing temperatures?

Texas is bracing for another arctic blast, raising concerns about the state's power grid. ERCOT CEO Pablo Vegas assures sufficient power generation capacity to meet demand, attributing this to grid reforms and increased capacity since 2021's Winter Storm Uri. However, local service interruptions remain possible due to weather-related issues.

Showing 61 to 72 of 103 results