Russia’s Rosneft goes big into natural gas
Rosneft is sitting on a huge wealth of reserves that it is keen to monetize, a situation which will become more pressing as more production comes on stream in the next few years.
Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
Energy is one of the most vital issues facing ASEAN – a region of 630 million people that is expected to become the world’s fourth-largest economy by the middle of this century. At the moment, 20% of this number live without electricity.
U.S. household spending for gasoline is expected to remain below $2,000 in 2017
(Fri, 06 Oct 2017) The average U.S. household expenditure on gasoline in 2017 is expected to total $1,977, or approximately 2.4% of mean incomes of households, according to projections in EIAâs most recent <em>Short-Term Energy Outlook</em> (STEO). The most recent peak for household gasoline expenditures was $2,715, or 4.0% of household income, in 2008.
US shale gas casts a long shadow over petrochemicals
Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this.
Ecuador Country Analsysis Brief
(Thu, 05 Oct 2017) Ecuadorâs energy mix is dominated by oil, although its challenging investment environment and lack of domestic refining capacity limit oil revenues. Ecuadorâs hydrocarbon resources are exclusively owned by the state, and state-owned oil companies account for most of the production.
Renewable natural gas increasingly used to meet part of EPAâs renewable fuel requirements
(Thu, 05 Oct 2017) Renewable natural gas (RNG), which is derived from biogas collected at landfills and other facilities, is increasingly used to meet government targets for renewable fuel production. In 2016, about 189 million gallons of RNG were used to meet about 82% of federal targets set specifically for cellulosic biofuel.
Global gas-to-liquids growth is dominated by two projects in South Africa and Uzbekistan
(Wed, 04 Oct 2017) EIAâs <em>International Energy Outlook 2017</em> (IEO2017) projects that liquids produced at gas-to-liquids (GTL) plants will increase as two large-scale projects are completed in South Africa and Uzbekistan. Most of the new GTL capacity will come from the conversion of Sasolâs coal-to-liquids plant in Secunda, South Africa, to a GTL facility. That conversion is expected to be completed by 2024.
State taxes on gasoline in 2017 up 4.5% from 2016
(Tue, 03 Oct 2017) In EIAâs latest update of state gasoline and diesel fuel taxes data, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia in effect as of July 1, 2017 was 27.9 cents per gallon (¢/gal), up 4.5% from the same time last year.
U.S. federal government energy costs at lowest point since fiscal year 2004
(Mon, 02 Oct 2017) According to the Federal Energy Management Program (FEMP), the total real energy cost for the U.S. federal government to operate its facilities, vehicles, and equipment in fiscal year (FY) 2016 fell to $16.1 billion, the lowest level since FY 2004
Natural gas inventories remain lower than last year, but higher than the five-year average
(Fri, 29 Sep 2017) Working natural gas inventory levels in the Lower-48 states since April have been lower than they were in 2016 according to EIAâs Weekly Natural Gas Storage Report (WNGSR), but still higher than the previous five-year average (2012-2016).