Natural Gas News – June 15, 2023
Natural Gas News – June 15, 2023
Natural Gas: Still the Hottest Question — When’s the Heat Coming?
In a whole swathe of the Lower 48 States, the question’s growing by the day for traders in U.S. natural gas: Where’s the pre-summer heat? Forecasts continue to show intensifying heat and the likelihood of increased gas consumption next week, NatGasWeather said Wednesday in a blog carried by naturalgasintel.com. Lofty temperatures in Texas and neighboring states already took hold this week, and conditions in the South are expected to spread in coming days and carry through June for “slightly stronger-than-normal national demand,” the forecaster adds. That’s the forecast. The reality on the ground has been quite different thus far. Gelber & Associates, a Houston-based energy markets advisory, said to its own clients in natural gas…
Dominion Reviving Plans to Build a Natural Gas Peaker Plant
Dominion is reviving pre-pandemic plans to build a natural gas peaker plant in Chesterfield County as part of its recently announced strategy to invest in more gas generation to meet growing grid
demand in the coming years. Four natural gas combustion turbines will be proposed for the facility, which will be similar to one Dominion originally sought in 2019 but put on hold as the utility shifted its focus toward renewable energy sources to comply with the Virginia Clean Economy Act, which seeks to decarbonize the state’s electric grid by 2050. The four turbines would have 1,000 megawatts of capacity, enough to power 250,000 homes. Dominion has said they will help the company meet an expected increase in demand linked to data center …
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