Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Do gas prices actually affect election outcomes?
A major talking point for the upcoming election is once again staring drivers in the face: gas prices. AAA reports the average price for a gallon of gas in Minnesota on Monday is $4.03. That's up 17 cents from a week ago and nearly 40 cents from a…
Expand Energy to Buy Gas Marketer Twin Eagle for $1.25 Billion
Expand Energy Corp. agreed to buy gas marketer Twin Eagle Holdings NA LLC from private equity firm Five Point Infrastructure for $1.25 billion, moving the largest US natural gas producer further into marketing and trading. The takeover will make…
Power Prices Slump in Australia as Batteries Push Out Gas
Power prices almost halved in Australia last quarter, as renewables and batteries pushed out natural gas-fired generation in the main grid. Wholesale spot prices in the National Electricity Market averaged A$74 ($51.71) a megawatt-hour in the three…
Work to replace 800m of ageing gas pipes begins in Crookes are of Sheffield
Work has begun to replace 800m (2,625ft) of ageing gas pipes in Sheffield. The project, which is expected to take about 20 weeks, will see upgrades to the 75-year-old network in the Crookes area. To minimise disruption, the work will be carried out…
Natural Gas-Powered AI Push Sees Meta Retreat From Clean Energy Pact
Meta's logo at the company's offices in Menlo Park, California, U.S. (Photo: Justin Sullivan) Technology giant Meta - the parent company of Facebook, Instagram and WhatsApp - has exited from a clean energy pact it had been a signatory to for over a…
The Gas-To-Nuclear Bridge For AI Data Centers
Amentum was selected for a proposed 1 GW AI data center and approximately 2 GW of on-site generation at the Savannah River Site. The project would use natural gas first, while creating a path to advanced nuclear energy, addressing the different…
European gas reserves at 'historically low level' - but fears of price shock rejected
Europe faces a gas shortage this winter due to lower global production and reserves being run down due to the Iran war, an analyst has warned. Liquified natural has (LNG) is a key part of the overall energy mix for the UK and Europe. On the…
FCG: The Best ETF To Get Long Natural Gas (NYSEARCA:FCG)
I am bullish on First Trust Natural Gas ETF due to structural demand growth and tightening supply. FCG offers a quick, diversified way to gain exposure to the natural gas bull thesis. Data center expansion and LNG exports are driving U.S. natural…
Expand Energy to buy gas firm Twin Eagle for $1.25 billion - TT
Expand Energy agreed to buy gas marketer Twin Eagle Holdings for $1.25 billion, expanding its marketing and trading business before closing in the third quarter. Expand raised its annual marketing and commercial free cash flow target 50% to $750…
The problem with $4 gas
Another round of gas price inflation appears likely. | Photo: Shutterstock. This is from the weekly restaurant finance newsletter The Bottom Line. To get this in your inbox every Monday morning, click here. Gas prices are back above the $4 level…
White House Promoted 'Freedom Fuel' Stations Quietly Kill Cheap Gas
For some Americans, the brief illusion of relief at the pump has gone almost as quickly as it arrived. Geopolitical volatility with Iran has resumed, and fuel prices are marching aggressively upward again. AAA's national fuel tracker shows regular…
Michigan's average gas prices increase by 8 cents compared to last week, AAA says
Michigan's average gas prices are up 8 cents a gallon for regular unleaded fuel as compared to a week ago, AAA-The Auto Club reports. Drivers are now paying an average of $4.23 per gallon for regular unleaded. This price point is 7 cents more then…
Expand Energy to buy gas marketer Twin Eagle in $1.25B deal (EXE:NASDAQ)
Expand Energy (EXE) said Monday it agreed to acquire natural gas and power marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25B. Expand (EXE) said the deal will combine its supply and financial strength with Twin Eagle's premier…
European TTF Gas Down 6% on U.S.-Iran Fighting Pause
0819 GMT – European gas prices tumble on hopes that a pause in fighting between the U.S. and Iran could pave the way for renewed diplomatic efforts and restore flows of liquefied natural gas. The benchmark Dutch TTF contract is down 6.2% to…
Are gas turbines ready for the hydrogen economy?
Can we fuel gas turbines with hydrogen instead of fossil fuels and cut 15% of global carbon dioxide (CO2) emissions? Gas turbines generate around 22% of the world's electricity. Replacing fossil fuels is a key step toward more sustainable power…
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