In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia Country Analysis Brief.
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EIA estimates show a decrease in global surplus crude oil production capacity in 2022
Our new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries. Preliminary estimates for these data show that, as of May 2022, surplus capacity in…
Fire causes shutdown of Freeport liquefied natural gas export terminal
On June 8, 2022, a fire at Freeport LNG’s natural gas liquefaction plant on the Gulf Coast in South Texas led to the full shutdown of the facility. The shutdown of Freeport LNG will reduce total U.S. liquefied natural gas…
Two new U.S. crude oil pipeline projects have been completed this year
As of June 3, 2022, pipeline companies completed two crude oil pipeline projects in the United States, according to our recently updated Liquids Pipeline Projects Database. No new hydrocarbon gas liquids or petroleum product pipeline projects were completed in the…
EIA expects nine new Gulf of Mexico natural gas and crude oil fields to start in 2022
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal Offshore Gulf of Mexico (GOM)…
EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023
In our June 2022 Short-Term Energy Outlook (STEO), we forecast that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. We forecast that petroleum production in the…
EIA expects significant increases in wholesale electricity prices this summer
In our latest Short-Term Energy Outlook (STEO), we expect prices this summer in wholesale electricity markets will significantly increase over last summer’s prices. We forecast that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM…
Most combined-cycle power plants have duct burners to combust turbine exhaust gases
Most combined-cycle power plants in the United States have duct burners that help them make additional use of combustion turbine exhaust gases. Combined-cycle power plants are the most prevalent technology used to generate electricity in the United States, and of…
Europe imported record amounts of liquefied natural gas in 2022
Europe’s (the European Union and the United Kingdom) liquefied natural gas (LNG) imports set an all-time historical record high in April 2022, averaging 16.5 billion cubic feet per day (Bcf/d) monthly and exceeding 19.0 Bcf/d on some days in April.…
119 publicly traded global oil and natural gas companies added proved reserves in 2021
Annual financial reports by 119 publicly traded exploration and production companies show aggregate proved reserves of crude oil and natural gas increased by 19.2 billion barrels of oil equivalent (BOE) in 2021. A number of factors affect proved reserve levels,…
