U.S. ethane demand grew 9% in 2022, driven by petrochemical capacity additions
In 2022, U.S. ethane demand increased by approximately 9%, or almost 0.2 million barrels per day (b/d), according to our Petroleum Supply Monthly. U.S. production and consumption of ethane (a hydrocarbon gas liquid used almost exclusively as a feedstock in the petrochemical industry) has grown since 2010, along with the build-out of U.S. petrochemical capacity. […]
Liquefied natural gas will continue to lead growth in U.S. natural gas exports
Exports of liquefied natural gas (LNG) will continue to drive growth in U.S. natural gas exports over the next two years, according to our recently released Short-Term Energy Outlook (STEO).
Liquefied natural gas will continue to lead growth in U.S. natural gas exports
Exports of liquefied natural gas (LNG) will continue to drive growth in U.S. natural gas exports over the next two years, according to our recently released Short-Term Energy Outlook (STEO).
EU’s ban on diesel fuel from Russia shifts trade patterns
On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective December 5, 2022) and banned seaborne imports of petroleum products from Russia, including diesel fuel (effective February 5, 2023).
Wind, solar, and batteries increasingly account for more new U.S. power capacity additions
Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these three technologies account for 82% of the new, utility-scale generating capacity that developers plan to bring online in the United States, according to our Preliminary Monthly Electric Generator Inventory.
U.S. simple-cycle natural gas turbines operated at record highs in summer 2022
The average monthly capacity factor for simple-cycle, natural gas turbine (SCGT) power plants in the United States has grown annually since 2020. Average capacity factors surpassed 20% for two consecutive summer months in 2022—the first time on record—to meet peak electricity demand, based on data from our Electric Power Monthly.
The least U.S. interstate natural gas pipeline capacity on record was added in 2022
In 2022, 897 million cubic feet per day (MMcf/d) of interstate natural gas pipeline capacity was added collectively from five projects, according to our latest State-to-State Capacity Tracker, which contains information on the capacity of natural gas pipelines that cross state and international borders. In 2022, the least interstate natural gas pipeline capacity was added […]
U.S. simple-cycle natural gas turbines operated at record highs in summer 2022
The average monthly capacity factor for simple-cycle, natural gas turbine (SCGT) power plants in the United States has grown annually since 2020. Average capacity factors surpassed 20% for two consecutive summer months in 2022—the first time on record—to meet peak electricity demand, based on data from our Electric Power Monthly.
Colorado refinery outage is causing higher gasoline prices in Rocky Mountain region
The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, and it is expected to remain offline for months to repair, the refinery owner and operator, Calgary-based Suncor, stated. The refinery outage may tighten the supply of gasoline and diesel in Colorado and, more broadly, the Rocky […]
Electricity production costs rose with fuel costs in 2021, delivery cost remained elevated
After adjusting for inflation, costs for major U.S. utilities to produce electricity rose 6% in 2021 as a result of rising fuel costs. For a number of years, electricity production costs had declined as natural gas prices fell and new low-cost renewable generators came online. The cost to deliver electricity across transmission and distribution lines […]