Europe’s liquefied natural gas imports have increased lately, but remain below 2011 peak

Imports of liquefied natural gas (LNG) to the 28 countries that make up the European Union (EU-28) averaged 5.1 billion cubic feet per day (Bcf/d) in 2017, increasing for the third consecutive year but remaining below their 2011 peak. In 2017, imports of LNG into EU-28 accounted for 13% of the global total. LNG import capacity in EU-28 currently stands at 20 Bcf/d, or almost one-fifth of the global total, but utilization of EU-28 LNG import facilities has declined from about 50% in 2010 to between 20% and 25% in recent years as expansions in regasification capacity far exceeded demand for LNG imports. More »

Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts

EIA’s October 2018 Short-Term Energy Outlook (STEO) forecasts Brent crude oil spot prices, which averaged $79 per barrel (b) in September, to average $81/b in the fourth quarter of 2018, before falling to an average of $75/b in 2019. However, the effects of the U.S. withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the re-imposition of sanctions on Iran, and the potential response from members of the Organization of the Petroleum Exporting Countries (OPEC) and other countries pose significant uncertainty to the forecast. More »

Iran has produced and exported less crude oil since sanctions announcement

Iran's crude oil exports and production have declined since the May 2018 announcement by the United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions against Iran. More »

Hurricane Michael caused 1.7 million electricity outages in the Southeast United States

Hurricane Michael resulted in outages for up to 1.7 million electricity customers across six states, according to situation reports from the U.S. Department of Energy’s Office of Cybersecurity, Energy Security, and Emergency Response. On Wednesday, October 10, 2018, the storm made landfall as a Category 4 storm near Mexico Beach in the Florida panhandle. During the following two days, Hurricane Michael traveled through Georgia, the Carolinas, and Virginia with heavy rainfall and up to 65 mile-per-hour winds. More »

U.S. manufacturers’ short-term capability to switch fuels continues to decline

Some manufacturing plants can take advantage of relative price differences and cope with supply shortages by switching the fuels used in their furnaces, boilers, ovens, and other combustors. In the United States, the capability of the manufacturing sector to switch the fuels it uses has declined in recent decades, as described in a new report from EIA’s 2014 Manufacturing Energy Consumption Survey (MECS). More »

Natural gas pipeline rupture in Canada affects U.S. energy markets

The October 9, 2018 rupture of Enbridge’s BC natural gas pipeline near Prince George, British Columbia, continues to affect natural gas supply, electricity generation, and petroleum refining in the U.S. Pacific Northwest. The BC Pipeline links natural gas production in northeastern British Columbia with distribution markets in Canada as well as Washington, Oregon, and Idaho. Imports of natural gas through the pipeline, which in the first half of the year averaged 1.1 billion cubic feet per day (Bcf/d) at the Sumas hub import point, fell to zero for a day after the rupture. More »