FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Natural Gas Share of US Power Generation on the Rise: OilPrice

NATGAS

Natural gas-fired power generation in the US during 2024 so far is up year-on-year, according to OilPrice.com.

The increase has been driven by warmer temperatures and growing demand from data centres.

  • Natural gas has typically comprised 40% of all electricity-generating sources, the largest single provider.
  • This year, it is forecast to provide around 42% of the US electricity, while total consumption is up around 3% in 2024 and set for 2% annual growth in 2025, according to the EIA.
  • US power providers are raising generation from gas-fired capacity to meet higher peak loads.
  • Natural gas could be a major winner in the surge in AI-driven power demand. Although many AI companies would prefer to power their development centres on solar and wind, the need to have such facilities built and supplied quickly will give an advantage to natural gas.
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.