Ngas news

Here are some recent news updates on natural gas:

Global Natural Gas Market

• The global natural gas market is expected to grow at a CAGR of 3.5% from 2023 to 2030, driven by increasing demand for cleaner energy sources and declining costs of production. (Source: Grand View Research)
• The International Energy Agency (IEA) has warned that the world's gas reserves are running out, and new discoveries are needed to meet growing demand. (Source: The Guardian)

US Natural Gas Market

• The US natural gas market is expected to continue to grow, driven by increasing demand from power generation and industrial sectors. (Source: Energy Information Administration)
• The US Energy Information Administration (EIA) has reported that natural gas production in the US reached a record high in 2022, with production averaging 93.2 billion cubic feet per day. (Source: EIA)

LNG News

• The global liquefied natural gas (LNG) market is expected to grow at a CAGR of 5.5% from 2023 to 2030, driven by increasing demand for cleaner energy sources and growing trade. (Source: Grand View Research)
• The US Energy Information Administration (EIA) has reported that US LNG exports reached a record high in 2022, with exports averaging 10.3 billion cubic feet per day. (Source: EIA)

Pipeline News

• The Trans-Anatolian Natural Gas Pipeline (TANAP) has been completed, connecting Turkey to Europe and providing a new route for natural gas supplies. (Source: Reuters)
• The US Federal Energy Regulatory Commission (FERC) has approved the construction of the Mountain Valley Pipeline, a 303-mile pipeline that will transport natural gas from West Virginia to Virginia. (Source: FERC)

Renewable Energy News

• The International Renewable Energy Agency (IRENA) has reported that renewable energy accounted for 26% of global electricity generation in 2020, up from 21% in 2010. (Source: IRENA)
• The US Energy Information Administration (EIA) has reported that solar and wind power accounted for 7.5% of US electricity generation in 2022, up from 2.2% in 2010. (Source: EIA)