Nat Gas News – April 7, 2017

Nat Gas News – April 7, 2017

In the News

Natural gas price sustains increase following storage report

Yahoo Finance reports: The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 2 billion cubic feet for the week ending March 31. Analysts surveyed by S&P Global Platts were expecting a storage injection of 10 billion cubic feet. The five-year average for the week is a withdrawal of around 13 billion cubic feet, and last year’s storage increase for the week totaled 6 billion cubic feet. Natural gas inventories fell by 43 billion cubic feet in the week ending March 31. April 1 marked the beginning of the natural gas injection season, and we should expect the nation’s stockpiles to begin rising again. The injection season ends October 31. For more on this story visit yahoo.com or click the following link https://yhoo.it/2p8DO7I

European electricity sector pledges no new coal plants after 2020

Inhabitat reports: In another sign that the world is rapidly moving away from coal, the European electricity sector just announced a commitment to not invest in new coal-fired power plants after 2020. Every European Union country signed onto the initiative except for Poland and Greece. Coal is already in decline as Europe continues making massive investments in renewable energy sources such as solar and wind. Last year, European coal emissions fell by an impressive 11 percent, according to an analysis published by the European Commission. The decrease of coal emissions is part of a long-term trend — since 2010, European coal’s generation emissions fell by 16 percent and overall power sector emissions fell by 19 percent.. For more on this story visit inhabitat.com or click the following link http://bit.ly/2nRE2jj

 

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