Cheap Gas: Good for the U.S. and Bad for the "gassers"

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U.S. natural gas demand is at a record - and prices keep dropping . Reuters
U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling. U.S. gas futures this week collapsed to a three-year low, while spot prices were on track to post their weakest summer in over 20 years. In other markets, such lackluster pricing would cause investment to retrench and supply to contract. But gas production is at a record high and expected to keep growing. Demand is rising as power generators shut coal plants and burn more gas for electricity and as rapidly expanding liquefied natural gas (LNG) terminals turn more of the fuel into super-cooled liquid for export.

Read: https://www.reuters.com/article/us-usa- ... SKCN1UY27V


Cheap gas is killing coal in the US . Hellenic Shipping News
Coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas, according to a new study by Rystad Energy. New renewable energy capacity from solar and wind is on the rise in the US, and April 2019 marked the first month when more electricity was generated in the country from renewable sources than from coal. However, the growing renewable energy sector alone is not wholly responsible for the on-going retirement of coal-fired power plants and the essential moratorium on the construction of new coal plants. “The US thermal coal industry is in severe trouble. However, coal’s demise as the fuel of choice for power generators is primarily due to the upsurge of cheap natural gas and not renewable sources of power,” says Steve Hulton, Head of Coal Research at Rystad Energy.