• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 mins Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 1 day Did China cherry-pick the factors that affected the economic slow-down?
  • 1 day "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 4 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 5 hours NordStream2
  • 4 days Nord Stream - US/German consultations
  • 410 days Class Act: Bet You've Never Seen A President Do This.
  • 3 days Forecasts for Natural Gas
  • 4 days Australia sues Neoen for lack of power from its Tesla battery
  • 6 days An Indian Opinion on What is Going on in China
Two Reasons European Natural Gas Prices Climbed So High

Two Reasons European Natural Gas Prices Climbed So High

With European natural gas prices…

Move Over Coal – U.K. Now Gets Half Of Its Power From Nat Gas

According to statistics released by the United Kingdom’s Department for Business, Energy and Industrial Strategy, in the second quarter of this year, natural gas was the source of a little over half of the power in the United Kingdom, while coal fell to a record low.

Gas accounted for 50.9 percent of generated electricity by major power producers in the UK in Q2, with nuclear power coming in at 24.2 percent, renewables at 18.1 percent, and coal coming in dead last at 6.8 percent.

Coal use by those same power producers fell 71 percent, and gas use rose 52 percent as total electricity generation dropped by 0.9 percent.

Gas use by power generators peaked in April of this year, the highest level of use since October of 2011. May 2016 was coal’s lowest usage month since 1995.

In addition to the closing of some coal plants, gas use was bolstered by the availability of cheap gas on the UK spot market, where gas traded, at least temporarily, for a little less than $4 per BTU. ¬

Primary energy consumption in the UK during the second quarter fell 0.3 percent, and the production of natural gas within the United Kingdom saw a drop of 3.2 percent. This is in contrast from the first quarter of this year, when gas production was up 5 percent, attributed to the first gas flows from the Laggan-Tomore field in the West Shetland Isles in February of last year. Those fields are operated by French Major Total.

By Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News