Dominion Energy announced it would be selling all of its gas transmission and storage assets to an affiliate of Berkshire Hathaway, resulting in the first major acquisition since the start of the coronavirus pandemic, and the biggest acquisition in four years.
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Southeastern utilities including Dominion, Duke Energy and Southern Company revealed plans to create the region’s first market for trading electricity across interstate transmission lines.
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An ARPA-E project uses data modeling to help power grid operators deal with the winds of change.
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The Retail Energy Supply Association (RESA), the nation’s leading trade association representing competitive retail energy suppliers, found 74% of consumers want to select their own energy supplier.
Iraq is moving ahead with plans to develop its associated and non-associated gas resources in the next two to three years.
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According to some analysts, global oil demand may never fully recover to pre-coronavirus levels, which makes alternative and renewable energy producers more desirable from a long-term investment point of view.
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A new Wood Mackenzie forecast describes the emerging U.S. markets for distributed solar, batteries, flexible loads and electric vehicles as grid assets.
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The nationwide lockdown created significant shifts in electricity consumption and these shifts are expected to continue through the summer.
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Read the Article: Natural Gas Prices Could Double Next Year
https://www.rigzone.com/news/natural_gas_prices_could_double_next_year-15-may-2020-162100-article/
In the next twelve to twenty-four months, the dominant factor in the oil market will be the progress of the pandemic.
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