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10 Top Natural Gas Producers by Country (Updated 2022)

Natural gas is an essential energy fuel for the global economy. Which countries are leaders in natural gas production?Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this market, it's key to know the ins and outs of natural gas production by country.Global natural gas production increased by nearly 5 percent to reach a record 4.04 trillion cubic meters in 2021, according to data from Statista. Russia currently ranks as the world’s second largest natural gas producer and is the leading exporter of the fuel.Last year, Russia’s natural gas exports came in at 202 billion cubic meters of gas via pipelines, and 39.6 billion cubic meters of liquified natural gas (LNG). But the war in Ukraine may change that — Russia has...

Published on 12/22/2022 (40 days ago) Oil/Gas

 

Rule Delay Makes Big EV Tax Credit Possible Early Next Year

People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaksWASHINGTON (AP) — People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.As a result, it appears that buyers of EVs assembled in North America with batteries made in the U.S., Canada or Mexico will be eligible for a full $7,500 tax credit under the Inflation Reduction Act. The act calls for the batteries' minerals and parts to also come from North America or a country with a free-trade agreement with the U.S. in order to get the full tax break, but that provision has been temporarily...

Published on 12/22/2022 (40 days ago)

 

Biden's natural gas "phase out" is the next looming disaster

Back on December 7th (Pearl Harbor Day, appropriately enough), the Biden administration issued a declaration via the Department of Energy ordering all new or refurbished federal buildings to eliminate the use of natural gas and become fully “electrified” beginning in 2025. The order didn’t receive much attention in the press at the time, but this foolish plan needs to be checked at the door. This was, of course, yet another sop to the climate change fanatics, but the White House clearly wanted to bill it in a way that made the plan seem even “better for America.” The order declared that electrifying federal buildings in this fashion would save the taxpayers eight million dollars annually “in upfrontThe Biden administration is casting its plan to phase out the use of natural gas in federal...

Published on 12/19/2022 (43 days ago) Solar, Wind & EV's

 

EU leaders have agreed on a new plan to source power that isn't from Russia

BUCHAREST, Romania — The leaders of Hungary, Romania, Georgia and Azerbaijan finalized an agreement Saturday on an undersea electricity connector that could become a new power source for the European Union amid a crunch on energy supplies caused by the war in Ukraine.The agreement involves a cable running beneath the Black Sea that would link Azerbaijan to Hungary via Georgia and Romania.The deal comes as Hungary, which has lobbied heavily against EU sanctions on Russia for its war in Ukraine, is seeking additional sources for fossil fuels to reduce its heavy dependence on Russian oil and gas.Azerbaijan plans to export electricity from offshore wind farms to Europe via Georgia, a cable beneath the Black Sea, and then to Romania and Hungary.The office of Romanian President Klaus Iohannis...

Published on 12/19/2022 (43 days ago) Solar, Wind & EV's

 

Allowing E15 fuel year-round won’t increase sales very much, but it’s a symbolic victory for corn ethanol advocates

s part of efforts to dampen high gasoline prices, the Biden administration is temporarily allowing gas stations to sell a special fuel blend called E15, containing 15% ethanol, year-round. Under the Clean Air Act, E15 cannot be sold in summer because it evaporates more readily in warm weather and can worsen air pollution. Aaron Smith, professor of agricultural economics at the University of California, Davis, explains how E15 differs from the E10 that is blended into most gasoline sold nationwide, and the general environmental impacts of corn-based ethanol.What is E15 and where is it used?Ethanol, also known as ethyl alcohol or grain alcohol, has long been a potential alternative to gasoline. Henry Ford advocated for it in the 1920s, but it wasn’t used much until the early 2000s because it...

Published on 12/19/2022 (43 days ago) Ethanol Containing Fuel

 

E15 ethanol blend might soon be available year-round

Carlisle Ford Runge at the University of Minnesota says he's grown tired, even bored, with arguing against the expansion of the nation's ethanol industry."It's an article of faith [among politicians] in the Corn Belt," said Runge, a professor of economics at the U, on Tuesday. "And it's bipartisan."But power brokers' desire to dramatically expand ethanol to fill gas tanks of the nation's vehicles has once again galvanized attention in Washington, D.C.Earlier this month, U.S. Sen. Amy Klobuchar, D-Minn., introduced a bill to peel back an ozone protection regulation, which currently prohibits summer sales of a high-blend of ethanol called E15.Klobuchar called the move good for drivers and farmers alike, arguing the bill will "decrease prices at the pump, and reduce our dependence on foreign...

Published on 12/19/2022 (43 days ago) Ethanol Containing Fuel

 

Feds order review of power-grid security after attacks

WASHINGTON (AP) — Federal regulators on Thursday ordered a review of security standards at the nation’s far-flung electricity transmission network, following shootings at two electric substations in North Carolina that damaged equipment and caused more than 45,000 customers to lose power.The order by the Federal Energy Regulatory Commission directs officials to study the effectiveness of existing reliability standards for the physical security of the nation’s power grid and determine whether they need to be improved.“The security and reliability of the nation’s electric grid is one of FERC’s top priorities,” FERC Chairman Richard Glick said at a commission meeting Thursday.“In light of the increasing number of recent reports of physical attacks on our nation’s infrastructure, it is...

Published on 12/19/2022 (43 days ago) Energy Crisis

 

Global coal consumption to reach all-time high this year - IEA

LONDON (Reuters) - Global coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years if stronger efforts are not made to move to a low-carbon economy, a report by the International Energy Agency (IEA) said on Friday.High gas prices following Russia's invasion of Ukraine and consequent disruptions to supply have led some countries to turn to relatively cheaper coal this year.Heatwaves and droughts in some regions have also driven up electricity demand and reduced hydropower, while nuclear generation has also been very weak, especially in Europe, where France had to shut down nuclear reactors for maintenance.The IEA's annual report on coal forecasts global coal use is set to rise by 1.2% this year, exceeding 8 billion tonnes in a single...

Published on 12/19/2022 (43 days ago) Coal

 

U.S. Buying 3 Million Oil Barrels For Reserves—Suggesting End To Gas Price Crisis

The Department of Energy announced Friday it would purchase 3 million barrels of oil to replenish the U.S. strategic reserve and strengthen energy security, as oil (and related gas) prices have dropped since the summer, when the administration tapped the reserve to counter an energy crisis sparked in part by Russia’s invasions of Ukraine.The purchase, following an announcement by President Joe Biden in October, is an opportunity to buy the oil at a fixed price before repurchasing it for less than the average of $96 it sold for, the Department of Energy said in a statement.Secretary of Energy Jennifer Granholm noted in May that the buyback process would coincide with lower oil prices—and consequently lower gas prices—which spiked following Russia’s invasion of Ukraine in February.On Friday,...

Published on 12/19/2022 (43 days ago) Oil/Gas

 

What Really Happened During the Texas Power Grid Outage

Video Link ...

Published on 12/14/2022 (48 days ago) Utility Companies

 

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