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The use of coal to generate U.S. power has been falling versus gas for years in part because gas produces less carbon dioxide and other emissions and its comparative cost to coal has dropped, especially this year.
U.S. natural gas futures soared by about 10% on Wednesday after Chesapeake Energy - soon to be the biggest U.S. gas...
US natural gas futures rose 2% due to increased gas flow to LNG export plants and forecasts of cooler weather. However, the weather is expected to remain milder than usual through early November, resulting in lower heating and cooling demand. Record gas output and lower demand are limiting price gains. Gas futures for November delivery rose 1.7% to $3.130 per mmBtu. The lack of significant price movements has reduced historic 30-day futures volatility to its lowest level since April 2022.
Tokyo Gas unit nears $4.6bn deal to buy US natgas producer