Gas Industry News

Would pausing NC's gas tax lower prices? Industry leader says no

For every gallon of gas pumped in the State of North Carolina, nearly 60 cents is collected for federal and state level taxes. North Carolina collets 41 cents and federally, 18.4 cents is collected. After the fuel price spikes due to the conflict…

British Gas owner buys gas-fired power station for £370m for energy 'security'

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. British Gas owner Centrica has bought a gas-fired power…

U.S. Natural Gas Futures Extend Decline

0905 ET – U.S. natural gas futures are lower for third session with oil markets continuing to sell off on peace deal hopes and domestic weather-driven demand seen light for the next couple of weeks. “However, as the natural gas market…

Gas-fired power still looks a safe bet for Centrica in the renewables era

The eye-catching non-Hormuz news in energy-land last month was that Great Britain is set for a record-breaking summer for wind and solar power generation. The national energy system operator even thought there could be periods – a sunny…

Gas tax: How beer fuelled a debate on Australia's energy giants

Back in February, an otherwise dry senate hearing took an unexpected turn when a flustered treasury official confirmed a little known fact: Australia gets more tax from beer than gas exports. 'How do we live in a country, one of the biggest gas…

Australia to Make LNG Projects Supply 20% of Gas to Local Market

Australia will require liquefied natural gas exporters to set aside a fifth of new production for the domestic market, as the government moves to curb prices and avert shortages on the populous east coast. The new system will apply to prospective…

Gas bills 'no longer hostage' to international market under new laws to drop price

An east coast gas reserve will force gas giants to save 20 per cent of their export volumes for the Australian market. The new policy is expected to reduce domestic gas prices, but Energy Minister Chris Bown won't say by how much. The new scheme…

TC Energy Is Built For The Natural Gas Boom (NYSE:TRP)

TC Energy (TRP) is driven by resilient fee-based cash flows and robust project execution. TRP's growth is anchored by expansion projects in natural gas and power, with high utilization rates and long-term, creditworthy contracts supporting future…

Mexico Plans $8 Billion in Gas Pipelines to Boost Power Sector

Mexico is planning to invest 140 billion pesos ($8.1 billion) in new gas pipelines over the next four years, the latest step in President Claudia Sheinbaum's plan to boost the country's power generation.

Gas companies will be forced to set aside local supply under major Labor shakeup

Gas companies will be forced to set aside 20% of exports for domestic use under a reservation scheme designed to shore up supplies and bring down prices for households and businesses on the east coast. The federal government announced the design of…

Tesla's stock rises as investors get a fresh sign that high gas prices are driving EV sales

Tesla shares were rising on Thursday on the heels of the latest signs of sales momentum in China. The electric-vehicle maker in April saw 79,478 deliveries of Model 3 and Model Y cars built at its Shanghai plant, according to new data from the…

Australia Approves Offshore Gas Project to Bolster Local Supply

Australia has approved a natural gas project off the coast of Victoria state, as the major exporter of the fuel looks to offset anticipated domestic shortfalls in the more populated southeast. The federal and Victorian governments granted a…

Oracle ditches its Project Jupiter gas plant after a wave of data center backlash

Oracle is ditching a contentious plan to construct a natural gas plant to power one of its newest data centers. Instead, Oracle said last week that it will partner with fuel-cell maker Bloom Energy to generate on-site electricity. Dubbed Project…

Iran war squeezes Swiss gas imports

The trend in electricity and gas prices is also uncertain, warned the Swiss Federal Electricity Commission (ElCom). Gas-fired power stations play an important role in ensuring security of supply in Europe, ElCom stated. But gas storage levels in…

Town of Windsor reconsiders ban on new gas stations due to budget, EV market slowdown