Three countries began importing liquefied natural gas this year, and more will follow
Global liquefied natural gas (LNG) import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022. Our estimate is based on trade press and data by the International Group of Liquefied Natural Gas Importers (GIIGNL). In the first seven months of 2023, […]
Solar panel shipments set a new record high in 2022 as capacity continued to grow
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise.
Florida’s electricity generation mix is changing
Florida’s generation mix has become less diverse over the past 20 years as natural gas-fired generation has increasingly accounted for most of the electricity generation in the state and as coal-fired generation and oil-fired generation have declined.
Food service buildings are highly energy intensive
Food service buildings including restaurants are nearly four times more energy intensive than commercial buildings are on average in the United States. Food service buildings were the smallest commercial building type, averaging 4,800 square feet per building, or less than one-third the size of the average commercial building (16,300 square feet), according to our recently […]
Prices and higher well productivity drive up U.S. crude oil production forecast
In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48 states (L48) in 2023 and 2024 because of higher well productivity and higher forecast crude oil prices than we had previously expected.
Commercial energy use increased in eight states in 2021 over pre-pandemic levels
More energy was consumed in the commercial sectors of eight U.S. states in 2021 than in 2019, before the COVID-19 pandemic. The increases in commercial sector end-use energy consumption in those states bucked the national trend, in which total commercial energy use decreased by 3% in 2021 compared with 2019, according to our State Energy […]
U.S. uranium production up in 2022 after reaching record lows in 2021
Uranium concentrate (U₃O₈) production in the United States was nearly 10 times higher than the previous year in 2022, partly as a result of higher uranium prices. U.S. U₃O₈ production remained near historic lows despite operations resuming at the White Mesa Mill, the United States’ only operating conventional uranium mill.
Difference in natural gas prices between Texas and Henry Hub narrowed in first half 2023
In the first half of 2023 (1H23), natural gas spot prices at Texas hubs traded closer to the U.S. benchmark Henry Hub than in the second half of 2022 (2H22). The price difference narrowed in 1H23 because both Freeport LNG and the El Paso Natural Gas Company’s Line 2000 returned to service in February 2023 […]
U.S. natural gas pipeline exports to Mexico set a monthly high in June 2023
U.S. natural gas pipeline exports to Mexico averaged a record 6.8 billion cubic feet per day (Bcf/d) for June 2023, which is 0.1 Bcf/d greater than the previous record, set in June 2021, according to data from Wood Mackenzie. Natural gas exports to Mexico surpassed 7.0 Bcf/d on nine days in June, driven by higher-than-normal […]
Summer Midwest distillate inventories rise amid high production and transit constraints
Midwest distillate inventories increased rapidly in June and early July due to increased regional refinery production and limitations on moving distillate and other products outside the region. Distillate fuel oil includes products such as diesel fuel and heating oil. In the five weeks between June 9 and July 14, regional distillate inventories increased 18% (4.7 […]