Gas Processing is Produced by Gulf Publishing Company

Your source for technology information for the gas processing industry


EIA: Competition between coal, natgas affects power markets

In 2016, natural gas provided 34% of total electricity generation, surpassing coal to become the leading generation source. Natural gas first exceeded coal as the most common electricity fuel on a monthly basis in April 2015 and on an annual basis in 2016. The increase in natural gas generation since 2005 is primarily a result of the continued cost competitiveness of natural gas relative to coal.

Eia Coal Vs Natgas Resized
Courtesy of EIA.

Natural gas-fired capacity is widely distributed across the United States. Every state except Vermont has at least one natural gas plant. In the past 15 yr, nearly 228 GW of capacity fueled by natural gas was added, far exceeding retirements of 54 GW. Over that same period, 20 GW of coal-fired capacity was added, while more than 53 GW was retired.

Regionally, coal remains the dominant fuel for electricity generation in the Midwest, although its share has decreased over the past several years. In the Northeast, electricity generation with natural gas has exceeded coal-fired generation since February 2011. In the South, monthly natural gas generation surpassed that of coal in every month since January 2015. In the West, electricity generated by coal and natural gas has remained in close competition over the past decade; however, natural gas exceeded coal in the power sector for 11 months during 2016.

The competition of coal and natural gas for electricity generation plays an important role in setting wholesale electricity prices. The changing use of natural gas and coal in electricity generation also has implications for the production, transport, and storage of coal and natural gas.


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Business Trends
-
In the business of hydrocarbon production, accurate accounting of produced fluids and gases is critical from a process control, management and fiscal perspective.
Editorial Comment
-Adrienne Blume
The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.


The New LNG Imperative

Register Now

The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.

November 29, 2017 10am CST

View on Demand

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Company.