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EIA: Proved reserves of US natural gas increased 32% during 2021

Green Car Congress

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

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The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Graph by the US Energy Information Administration, based on data from Bloomberg.

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U.S. Gas Prices Down As Gasoline Demand Down

CleanTechnica EVs

Energy Information Administration reports that gas prices in the U.S. Gas Prices Down As Gasoline Demand Down appeared first on CleanTechnica. are down 10% compared to the same time. continued] The post U.S.

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EIA: Energy prices rose more than other commodities in 2021; up 59% over the year

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Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year, according to the US Energy Information Administration (EIA). Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic.

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Does Station Competition Drive Gas Prices?

Energy Institute at HAAS

New Energy Institute working paper finds retailers cut prices when rivals are nearby. Gasoline is virtually the same product no matter where you buy it, yet retail prices range considerably. … Continue Reading Does Station Competition Drive Gas Prices?

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Allianz to invest in Finnish green hydrogen and power-to-gas developer Ren-Gas; sector coupling

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Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in Ren-Gas Oy , a green hydrogen and power-to-gas project developer based in Finland. Allianz will provide funding of €25 million to Ren-Gas to support the company’s project portfolio towards execution.

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