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The U.S. Energy Information Administration raised its Henry Hub natural gas spot price forecast for 2024 and 2025 🔺 https://lnkd.in/eXTPmvU4 📈 Key Insights from EIA's Updated Natural Gas Price Forecasts 🌟 The U.S. Energy Information Administration (EIA) has recently revised its forecasts for Henry Hub natural gas prices, projecting an average price of $3.35 per million British thermal units (MMBtu) in 2025—up from previous estimates. This increase is attributed to rising demand driven by both domestic consumption and record levels of LNG exports. As the energy landscape continues to evolve, it’s crucial for businesses to stay ahead of market dynamics and pricing trends. At Brilliant Source Energy, we're here to help you navigate these changes and develop effective strategies to manage your energy costs. 📞 Ready to take action? Reach out to us today to discuss how we can assist you in optimizing your energy strategy amidst these forecasts! https://lnkd.in/eTV6xVmV #thatsbrilliant #planahead #markettrends #financialplanning #notjustanenergybroker #loweroverhead #reducecost #budgetcertainty

Natural gas power plants are increasingly attractive to investors due to rising load growth expectations and the need for grid reliability. With coal plant retirements and intermittent renewable generation on the rise, natural gas is essential for maintaining a stable supply. • Enverus Intelligence® Research’s market screening ranks U.S. regions for natural gas investment based on factors like power prices, gas feedstock availability and demand growth. • Profitability, measured by spark spreads, varies across regions, with the lowest spreads in ISONE and CAISO ($15-$16/MWh) and the highest in SPP and WECC ($37-$38/MWh) Keep up to date with our latest thoughts and analysis on the most challenging problems facing the energy industry by subscribing to Energy Transition Today. (https://lnkd.in/gWdkUpTS)   For more up-to-date commentary like this, follow our Enverus Intelligence® Research page. Investment advisory products and services provided by Enverus Intelligence® Research, Inc. Visit https://lnkd.in/gbv4E7hH for additional information.

U.S. Energy Information Administration projected that dry gas production will ease from a record high in 2023 to 103.35 bcfd in 2024 (article published by Reuters on March 12, 2024). At the same time, low #gasprices are expected to boost domestic gas consumption before easing as prices rise. According to McKinsey & Company, the global LNG market is projected to face a demand-supply gap in the early 2030s. HOPPECKE Batteries products ensure #safe and #reliablepower operations for #powergenerators and #emergencysystems. Learn more about our applications today. https://lnkd.in/eZCad9ph #energy #safety #reliability #gasproduction #LNGmarket

The best data-set to assess the accuracy of energy demand forecasts, comes from the International Energy Agency’s medium-term reports, which have mostly been published annually for global energy, oil, coal, renewables and sometimes gas, going back to the mid-2000s. Global oil demand forecasts were overestimated prior to the global financial crisis, underestimated by an average of 1.2Mbpd from 2013-2018, then COVID de-railed 2017-19 forecasts for 2020-2025, while since 2021, estimates for 2025 have now been revised up by a full 1Mbpd. The adjusted error of the estimate for forecasting global oil demand is 0.6% per year. In other words, estimates of global oil demand in N-years’ time tend to suffer from a forecasting error of N x 0.6%. For example, the IEA’s average estimate for oil demand in 5-years’ time has tended to be almost 3 Mbpd out in either direction. Long-term global energy demand forecasts can easily be wrong by +/- 10%. (Global energy: the folly of forecasts? - Thunder Said Energy – July 26th 2024) #GlobalOilDemand #GlobalOilDemandForecast #IEA #InernationalEnergyAgency #PeakOil

In our May CES Insights’ blog titled: “Formulating Strategic Commodity Procurement Plans to Navigate Market Fluctuations,” Competitive Energy Services’ Keith Sampson, Senior Vice President, Energy Services highlights market trends, universal best practices, and an example strategy platform designed to mitigate and diversify the risk of overpayment for energy commodities. Keith shares insights that will help guide electricity and natural gas customers who are actively contemplating next steps regarding their future supply strategy. To learn more about adapting this proven approach to specific needs, contacting a CES Energy Services Advisor is recommended for personalized guidance and assistance. Photo by: Absolutvision #CompetitiveEnergyServices #Sustainability #EnergyConsulting #Oil #NaturalGas #RenewableEnergy #Solar #Electricity #CESMarketSummary #CESInsider #CESInsights #Energy #EnergyMarkets #Commodities

New Post: Energy Transfer LP : How the Oil & Gas Industry is Helping Reduce Emissions - Over the past decade, the U.S. has significantly reduced carbon emissions, primarily due to investments from the oil and gas industry. The main driver of this decline is technological advancements that have boosted domestic natural gas production, allowing it to replace coal-fired electricity generation. This shift has played a crucial role in decreasing emissions and highlights the impact of the energy sector's innovations on environmental progress. The information was published by Energy Transfer LP on December 10, 2024, emphasizing the industry's role in achieving these emissions reductions. Read the full article here https://lnkd.in/dStw4vzt #Venturecapital #VC #investment #LP #Limited Partner

Currently, the share of natural gas demand in the global energy demand is 23%. Energy security due to the recent events that have appeared in the world, as well as attention to the environment and the emission of low-carbon energies, the role of natural gas as a clean fuel among fossil fuels has become particularly important. According to GECF's vision, the demand for natural gas in 2050 will be equal to 9.4 trillion cubic meters and its demand share in the energy portfolio will reach 26%. The highest amount of natural gas consumption until the end of 2050 will be for the electricity sector and the industry sector. is also in the next rank. The growth of petrochemical production is the reason for the growth of natural gas consumption in the industrial sector. Asia, Africa and the Middle East will be the most demanding of natural gas. In the Middle East region, Iran will have the highest demand for natural gas, and Iran's demand will increase by 165 billion cubic meters compared to 2022. The electricity sector and the industrial sector will be the reason for the increase in natural gas consumption in Iran. The annual growth of the petrochemical and chemical industries is equivalent to It will be 65 billion cubic meters.

🚨 Global LNG Market Update 🚨 The LNG Market is expected to see robust growth with a market size valued at US$ 440.24 Mn. in 2023. Among the key drivers, Power Generation leads the way, holding a 47.10% market share, as LNG continues to dominate the global energy landscape. 🌍⚡ 𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://lnkd.in/dG7JdFFZ Key Highlights: Asia-Pacific leads with a 41.3% share, fueled by rising population & energy demand. Power Generation is shifting towards LNG to cut emissions and improve cost competitiveness. LNG plays a crucial role in reducing CO2 emissions—a 36% reduction from coal to gas. LNG’s growth is driven by clean energy initiatives and infrastructure expansion across developing regions. #LNG #EnergyTransition #CleanEnergy #MarketResearch #NaturalGas

In today's changing world, success hinges on adapting to markets and recognizing the essential role of gas and LNG in future energy needs, reducing coal dependency, and boosting renewables. Wood Mackenzie provides a global perspective by connecting market analysis with asset insights. Our experts offer detailed information on gas supply, demand, and pricing to help you find opportunities and make informed decisions. Gas and LNG will continue to be vital, offering reliability and ease of access during the energy transition. Turn uncertainty into opportunity. Be WoodMac Sure. https://okt.to/GHpLwA

An interesting article by the Energy Information Administration (EIA) regarding record-high demand for natural gas in the U.S. power generation sector (aka "power burn") during the summer of 2024. In combination with low commodity price-related natural gas production output reductions (estimated around 2 billion cubic feet (Bcf) per day), power burn demand strength contributed to below-average and smaller-than-prior year injections of natural gas into U.S. storage facilities during August 2024. In theory, year-on-year summertime production reduction + demand gain = lessened availability of supply to inject into storage. Seasonally, stored volumes of natural gas rise between late-March and early-November as U.S. natural gas supply exceeds demand. The excess is put into storage for future utilization in the peak-demand winter months. #natgas #energyprocurement If you found this post of interest, please hit the "like" button.