Gas overtakes coal in US mix for second time this year
Published by Jonathan Rowland,
Editor
World Coal,
Gas’s share of the US energy mix surpassed that of coal for the second time this year – and only the second time ever – in July, according to figures from the US Energy Information Administration (EIA). Natural gas had previously achieved the milestone in April.
According to the EIA, natural gas provided 140 billion kWh (35%) of a total of 398 billion kWh in July, while coal generation provided only 139 billion kWh. Gas-fired generation rose in every region of the US, while coal-fired generation fell across the board. In July 2014, coal has generated 150 billion kWh.
Natural gas prices remain low with average Henry Hub prices dropping from US$4.14 per million Btu in July 2014 to US$2.72 per billion Btu this year. Meanwhile, wholesale natural gas prices in New York City were below those for Central Appalachian coal at US$2.06 per million Btu compared to US$2.31 per billion Btu.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/power/12102015/gas-overtakes-coal-in-us-mix-for-second-time-this-year-2999/
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