EIA expects relatively flat natural gas prices, continued record production through 2020

EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports. According to the STEO, total U.S. natural gas consumption is expected to increase slightly through 2020, with increases in the electric and industrial sectors offsetting decreases in the residential and commercial sectors.

Source: EIA: Today in Energy

Virginia Air Board Member Who Approved a Controversial Atlantic Coast Pipeline Permit Has Links to a Dominion Gas Partner

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Protest against Atlantic Coast pipeline outside a 2015 Dominion shareholder meeting

A member of a Virginia state permitting board who last week approved a highly controversial certification for Dominion's planned Atlantic Coast pipeline has business ties to a company currently collaborating with Dominion on a related gas project, DeSmog has found.

William (Trip) Ferguson joined three other Air Pollution Control Board members to unanimously approve a permit for Dominion’s Buckingham compressor station. The planned station, which will propel the natural gas as it moves through the 600-mile interstate pipeline, will be built in Union Hill, a largely African-American community settled by free blacks and emancipated slaves after the Civil War.

Source: DeSmogBlog

EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020

EIA’s January Short-Term Energy Outlook forecasts that world benchmark Brent crude oil will average $61 per barrel (b) in 2019 and $65/b in 2020, an increase from the end of 2018, but overall it will remain lower than the 2018 average of $71/b. U.S. benchmark West Texas Intermediate (WTI) crude oil prices were $8/b lower than Brent prices in December 2018, and EIA expects this difference to narrow to $4/b in the fourth quarter of 2019 and throughout 2020.

Source: EIA: Today in Energy