Energy Update
(Adds EIA storage report and latest prices) Jan 28 (Reuters) - U.S. natural gas futures pared losses on Thursday after a government report of a slightly bigger-than-expected storage draw countered forecasts for warmer-than-normal weather through mid-February. The U.S. Energy Information Administration said utilities pulled 211 billion cubic feet of gas out of storage during the week ended Jan. 22, the biggest draw since last February. That compares with draws of 178 bcf in the pr
Jan 28 (Reuters) - U.S. natural gas futures fell more than 3 percent early Thursday on forecasts for warmer-than-normal weather through mid-February as the market awaits a federal storage report expected to show a big draw. After rising for six days in a row, front-month gas futures on the New York Mercantile Exchange were down 7.8 cents, or 3.6 percent, at $2.111 per million British thermal units at 9:48 a.m. EST (1448 GMT) with the arrival of March as the prompt month.
Kenya Electricity Generating Co., the country’s biggest power producer, said it will receive a $387.2 million loan from the Japan International Cooperation Agency to fund the construction of a geothermal power plant.
NICOSIA, Jan 28 (Reuters) - Greece, Israel and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, leaders of the three countries said on Thursday.
In 2015, major energy companies were still trying to navigate a systematic re-orientation of electricity markets. NRG, E.ON, RWE and Enel all amended their corporate structures to address broader changes in the sector.
WASHINGTON, Jan 28 (Reuters) - New orders for long-lasting U.S.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.