Natural Gas

IEEFA Research

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

Delays, mismanagement, overruns may leave Georgia Power ratepayers with enormous cost burden

January 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial […]

IEEFA Europe: ČEZ Group lays out decarbonisation plan, but is it ready?

IEEFA Europe: ČEZ Group lays out decarbonisation plan, but is it ready?

ČEZ finds itself playing catch-up after a decade of complacency

20 Jan. 2022 (IEEFA Europe) – After a decade of missed opportunities, ČEZ Group (ČEZ) finds itself playing catch-up on renewable energy, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).  ČEZ, the largest energy group in Czechia and one of the largest energy groups in Central and Eastern Europe, […]

IEEFA India: Volatile LNG prices present opportunity to switch to cleaner fuel sources

IEEFA India: Volatile LNG prices present opportunity to switch to cleaner fuel sources

Lower demand for LNG leads to under-utilisation of infrastructure and raises stranded asset risks

19 January, 2022 (IEEFA India): High and volatile liquefied natural gas (LNG) prices are an opportunity for India’s gas-dependent industries and the city gas distribution network to switch to cleaner, non-fossil fuel alternatives like biogas and biomethane, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). This will also avoid […]

and January 19, 2022 Read More →
IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion

IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion

Coal exit by 2030 gives Poland an opportunity to double clean energy generation

10 Jan. 2022 (IEEFA Europe) – Poland’s dependence on coal is costing Polish taxpayers dearly, but the Polish government remains reluctant to shift to clean energy sources, according to a report by the Institute for Energy Economics and Financial Analysis. “If a coal phaseout is achieved by 2030, the resulting savings would enable Poland to […]

IEEFA Europa: Dalsze uzależnienie od węgla będzie kosztować polskich podatników 141 mld euro

IEEFA Europa: Dalsze uzależnienie od węgla będzie kosztować polskich podatników 141 mld euro

Odejście od węgla do 2030 r. daje Polsce szansę na podwojenie produkcji czystej energii

10 stycznia 2022 (IEEFA Europa) – Przywiązanie Polski do węgla słono kosztuje polskich podatników, jednak w rządzie wciąż nie widać woli, aby przestawić kraj na czyste źródła energii, czytamy w raporcie opublikowanym przez Instytut Ekonomii Energii i Analiz Finansowych (IEEFA). – Jeżeli Polska pożegna się z węglem do 2030 r., oszczędności z tego tytułu umożliwią […]

IEEFA: Emerging Asia’s unrealistic LNG-to-power project pipeline threatens macroeconomic and financial stability

IEEFA: Emerging Asia’s unrealistic LNG-to-power project pipeline threatens macroeconomic and financial stability

IEEFA’s investigative analysis reveals that only a small fraction of LNG projects are viable across seven emerging Asian countries

15 December (IEEFA Asia): The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many project developers and countries in emerging Asia, however, LNG is a bridge that may never be built, according to the latest report […]

IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production

IEEFA U.S.: Shortage of high-quality sites threatens future Bakken oil and gas production

Decline in top-tier wells forces shift to less-productive Bakken oil and gas regions

November 3, 2021 (IEEFA) — A shortage of high-quality drilling sites poses a long-term risk to oil production in the Bakken formation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Since the Bakken boom began 13 years ago, producers have focused on core areas where horizontal wells provide easier […]

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

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IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

The avalanche of technology, policy and finance moves is now unstoppable

The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]

January 19, 2022 Read More →

New Mexico lawmakers to focus on hydrogen industry incentives

Albuquerque Journal: When this year’s legislative session begins tomorrow, the New Mexico Roundhouse will become ground zero for a roaring local and national debate about whether hydrogen can, or should, play a role in today’s efforts to combat climate change. Gov. Michelle Lujan Grisham is promoting a newly drafted Hydrogen Hub Act as “signature” legislation […]

January 19, 2022 Read More →

Sale of largest North Dakota coal-fired plant raises new challenges

Inside Climate News: A plan to sell, rather than close, the largest coal-fired power plant in North Dakota is nearly final. The completion of the sale would allow the buyer to move on to the much greater challenge of making the plant financially viable and installing a carbon capture system. Great River Energy of Minnesota […]

January 18, 2022 Read More →

Neoen starts on biggest wind, solar and battery project in Australia

Renew Economy: French renewable energy and storage developer Neoen has begun work on the first 412MW stage of what will likely be the country’s biggest wind, solar and battery storage project. The company announced on Monday that it had commenced “early works” on the Goyder South wind farm, the first stage of a massive project […]

January 18, 2022 Read More →

Murphy halts vote on New Jersey gas-fired plant, calls for review

NJ.com: Gov. Phil Murphy stepped in Thursday to halt a vote to begin building a controversial natural gas-fired power plant in Newark’s Ironbound neighborhood and called for officials to more thoroughly review the environmental impact of the project. The decision comes after a coalition of environmentalists, doctors, and local activists — who have been fighting […]

January 14, 2022 Read More →

EIA: Coal plants to make up 85% of retired U.S. power capacity in 2022

Reuters: Coal-fired plants will account for about 85% of total U.S. power capacity scheduled for retirement this year with natural gas and renewables taking a greater share of the supply, the U.S. Energy Information Administration said on Tuesday. U.S. power plant operators were scheduled to retire about 12.6 gigawatt (GW) of coal-fired generating capacity in […]

January 13, 2022 Read More →

Major investor group call for excluding gas in EU sustainable taxonomy

S&P Capital IQ ($): A group of institutional investors with €50 trillion in assets under management has called for natural gas to be excluded from the EU’s sustainable finance taxonomy, amid continuing discontent over the inclusion of gas and nuclear in the rulebook. The Institutional Investors Group on Climate Change, or IIGCC, said in a […]

January 13, 2022 Read More →

ExxonMobil plans sale of Appalachian shale gas properties

Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]

January 12, 2022 Read More →

Woodside Energy plans 500-megawatt solar farm in Western Australia

PV Tech: Australian LNG player Woodside Energy has tabled plans to build a utility-scale solar-storage project with a generation capacity of up to 500MW in Western Australia. The proposal, submitted to Western Australia’s Environmental Protection Authority, states Woodside’s intent to build the Woodside Solar Facility in the Maitland Strategic Industrial Area near Karratha in Pilbara, […]

January 12, 2022 Read More →

European Commission postpones deadline on gas, nuclear proposal

Reuters: The European Commission said on Monday it has delayed to later this month the deadline for experts to give feedback on divisive plans to allow some natural gas and nuclear energy projects to be labelled as sustainable investments. The Commission drafted a plan late last year to add some gas and nuclear investments to […]

January 11, 2022 Read More →