THE PRICE OF NATURAL GAS HAS INCREASED SIGNIFICANTLY IN BOTH THE US AND THE EU DURING THE PAST YEAR

 

The cost of natural gas for US consumers has increased by more than treble in the last year. According to the Energy Information Administration EIA, natural gas generates around 38% of the electricity used in the US.

Additionally, natural gas is used to heat both the water and space in nearly half of the homes in the US.

As the US LNG export plant quickly restarts, natural gas prices rise.

Natural Gas Surges With US LNG Export Terminal Set for Fast Restart, according to a story from Bloomberg yesterday.

PUBLISH WITH US Your Content: https://bit.ly/3pOkePK 

After a crucial Texas export facility and regulators came to terms to resume operations as soon as October after an explosion, natural gas prices in the US shot up.

According to an agreement reached with the Pipeline and Hazardous Materials Safety Administration, Freeport LNG, which was shut down in June following an explosion, will restart operations in early October at nearly full capacity. That would increase the demand for natural gas by around 2 billion cubic feet per day, or about 2% of domestic output.

The US supplies of the fuel for heating and power generation are expected to be put under more stress as winter approaches with the resumption of Freeport LNG. Prices have more than doubled this year as a result of the nauseating volatility caused by tight supply. The amount of gas stored in salt caverns and depleted aquifers is around 12% below seasonal average levels, and this summer's high domestic demand has made it difficult for providers to increase storage levels.

The EU is having trouble obtaining gas due to sanctions and the defunct Nord Stream II pipeline from Russia to Europe.

RFI documents Le Pen, the leader of the French far right, calls for an end to the "useless" sanctions against Russia.

Le Pen stated at a press conference held in front of lawmakers on Tuesday, "I want these sanctions to cease. Europe will experience a blackout in the absence of Russian gas imports, in particular. Simply said, the sanctions are pointless. They only ever cause suffering for Europeans. And incidentally, that includes citizens of France.

Hello, Reader!

Register with Industry Global News24 & Support the future of cogent journalism. One-time registration allows access to limitless articles free of cost! Click Here: https://bit.ly/3wwMB8Q


Comments

Post a Comment

Popular posts from this blog

AUSTRALIA OVERWHELMED IN COMMONWEALTH GAMES NETBALL BY JAMAICA

Image
  A major shift took place on Thursday at the Commonwealth Games netball when gold medal-winning Australia was defeated by Jamaica. The Jamaican Sunshine Girls topped the Australian Diamonds with a score of 57-55, qualifying the team for the medal rounds. They achieved victory after overcoming a deficit of six goals at the beginning of the last quarter. Next Jamaica will be playing in the semi-finals against England In the field of athletics, Jamaican sprint champion, Elaine Thompson-Herah, double Olympic champion for 200 meters, came back to Alexander Stadium on Thursday after her victory in the 100 meters, just about 12 hours prior on Wednesday. For Friday’s semi-finals, she qualified in an easy heat as second fastest in just 22.80 seconds. The quickest women’s heat time was awarded on 22.71 seconds to Favour Ofili of Nigeria. PUBLISH WITH US Your Content:  https://bit.ly/3pOkePK   Zharnel Hughes of England resurfaced, after his disqualification from the Gold Coast four...
Read more

THE FLU IN THAILAND after COVID-19 IS DOWNGRADED TO THE SAME CATEGORY AS

 Thailand: In October, when the country's viral situation begins to stabilise, Thailand will declare COVID-19 a "dangerous" infectious disease that "needs monitoring." According to Thailand's health minister, Anutin Charanvirakul, this adjustment will reduce Covid-19's priority from being on par with plague and smallpox to influenza and dengue, reflecting the country's actual health situation. Anutin asserted in a statement that the decision showed how well-prepared Thailand's healthcare system is, how simple it is for individuals to access care, and how responsibly people act when it comes to self-defense. According to him, Thailand would "soon" change its pandemic management strategy so that private hospitals can buy antiviral drugs directly from manufacturers. Last week, authorities anticipated significant Covid-19 cases and fatalities in read more.:  https://industryglobalnews24.com/covid19-is-downgraded-to-the-same-category-as-the-...
Read more