Natural Gas News – January 19, 2021
Proposals to prohibit natural gas bans may threaten cities’ clean energy goals
Kansas and Missouri may become the next states to block cities from banning natural gas, with hearings on legislation in both states expected soon. Although natural gas bans at this point are more of a coastal phenomenon, many Midwestern cities have adopted climate goals that will be difficult to achieve with continued reliance on natural gas. More than two dozen Missouri cities, including Kansas City and St. Louis, have established clean energy goals, along with Lawrence, Kansas. A coalition of Kansas City suburbs recently adopted a climate plan committing to providing city services using only clean energy by 2030, and for all community energy use to be sourced from renewables by 2035.For more on this story visit energynews.us or https://bit.ly/3nODclO.
Record LNG prices push South Asia nations to ration gas, seek other fuels
Pakistan and Bangladesh are rationing gas and buyers across South Asia are seeking alternative fuels after spot liquefied natural gas (LNG) prices surged to record highs, government and industry officials told Reuters. Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000%. Gas-fired power plants and industries across the region are scrimping on gas, with the scramble for other fuels driving up demand for liquefied petroleum gas (LPG) and residue oil. In Pakistan, which is more reliant on spot LNG imports for its winter needs, gas use for industry is being limited to certain hours and industry executives have warned the situation has become critical. For more on this story visit hellenicshippingnews.com or https://bit.ly/3sAczEC.