The Citadel founder says that the US will lose out on international trade and the AI arms race as a result.
Tech
2025-02-04T10:00:02Z
Developers for Powerconnex have notified Ohio regulators of plans to build a 120 MW natural gas plant to power a data center next door.
Russian natural gas has stopped flowing to Europe via Ukraine after a five-year transit contract expired.
The price of natural gas is up 176% since its 2024 intra-day low reached in mid-February and up about 90% since its early August lows.
Russia's natural-gas transit deal with Ukraine is set to expire soon, which would cut billions in revenue.
OMV's decision to cut ties with Gazprom is a historic break with Russian gas supplies, and stems from a long-running contract dispute.
The impact Trump's proposed tariffs would have on inflation may be overblown, some market experts say. Here's why inflation could decline in 2025.
Gazprom's gas flows via pipeline to China have surpassed flows to Europe in the first nine months of this year, according to Bloomberg.
US natural gas futures dropped 4% on Monday as Florida readied for the Category 5 hurricane.
Russia supplied 40% of Europe's gas before the full-scale invasion of Ukraine. It's now down to 15%.
Last year, Europe still imported about 15% of its total gas supply from Russia, with about 9% coming from pipelines and 6% as liquid natural gas.
The Wall Street Journal reported that one question loomed at an annual energy conference in Houston: How to power the AI boom?
Though European gas prices have tumbled 37% since November, Goldman Sachs says that's due to demand destruction, and structural headwinds remain.
The time when Americans could rely on cheap natural-gas prices to heat their homes and power businesses could be over.
The clean energy sector has struggled recently, but remains "the most dynamic aspect of global energy investment."
A majority of Americans may be paying less to heat their homes this winter compared to last winter.
Hydrogen energy could help the climate crisis. President Biden is pouring up to $7 billion into hydrogen hubs around the country. The goal is to spur production of "clean" hydrogen.
Israeli natural gas from the Tamar offshore gas platform is exported to Egypt where it is turned into LNG and then shipped to Europe.
Russia and China's economic ties appear to be deepening still, with Moscow expecting to give a steep markdown to Beijing on pipeline natural gas.
The bloc is on track to import record volumes of Russian LNG this year to make up for lost piped gas.