The completion of the China-Russia east-route natural gas pipeline is poised to revolutionize gas supply in eastern China. By the end of 2024, major cities like Shanghai will receive a stable and uninterrupted supply, significantly impacting energy security and economic development.
ETCH, Inc., a groundbreaking decarbonization company producing clean hydrogen and solid carbon from natural gas, has appointed Katie Ellet as its new CEO. Ellet brings over 25 years of experience in the chemicals and energy sectors, most recently from Air Liquide, where she led significant hydrogen initiatives. Under her leadership, ETCH will accelerate the commercialization of its patented technology, positioning the company as a leader in clean energy solutions.
ETCH, a groundbreaking company developing clean hydrogen and solid carbon from natural gas, has appointed Katie Ellet, a seasoned energy leader, as its new CEO. Ellet, with her extensive experience in the chemicals and energy sectors, will spearhead ETCH’s commercialization efforts, focusing on expanding into new markets, forging strategic partnerships, and accelerating the deployment of its innovative technology. Her leadership will be instrumental in positioning ETCH at the forefront of the clean energy transition.
CenterPoint Energy is closely monitoring Hurricane Rafael’s path and remains ready to respond with enhanced staffing and emergency protocols to restore service in Louisiana, Mississippi, and Texas. The company has suspended natural gas disconnections and is sharing safety information with customers.
The natural gas industry is experiencing a surge in demand, particularly from the data center sector, driving robust growth for midstream companies like Kinder Morgan, Williams Companies, and TC Energy. These companies are seeing strong earnings, increasing dividends, and share buybacks, making them attractive investments for income-seeking investors. With analysts bullish on their prospects, these stocks are poised for further gains.
Kinder Morgan Inc. (KMI) reported its third-quarter earnings on Wednesday, falling short of analyst expectations on both revenue and earnings per share. However, the company remains optimistic about its full-year outlook, citing strong growth in its Natural Gas Pipelines and Terminals business. Kinder Morgan’s stock dropped after hours following the earnings release.
CNOOC Limited has announced the commencement of production at the Shenhai-1 Phase II Natural Gas Development Project, located in the Qiongdongnan Basin of the northern South China Sea. This project marks a significant step towards tapping into the vast gas reserves of the region and providing clean energy for South China’s development.
Berkeley, California, is once again pushing the boundaries of energy policy with a proposed tax on natural gas consumption in large buildings. This measure, which could become the first of its kind in the nation, has sparked debate about the role of natural gas in a sustainable future and reignited the heated national debate over gas stoves.
Wall Street started the week with a muted performance as investors await clarity on the economic and political landscape. Inflationary pressures reemerged, sparking concerns about future monetary policy decisions. Meanwhile, gold surged to new highs as investors sought safe-haven assets, and natural gas prices soared due to a potential storm in the Gulf of Mexico.
ConocoPhillips has extended its partnership with Uniper, securing up to 10 billion cubic meters of natural gas for Northwest Europe over the next decade. This move strengthens energy security in Europe while Uniper continues its transition towards greener energy sources like hydrogen and biomethane.
