New England Power Auction, China Crude Oil Imports: Your Daily Energy News

---

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

NATURAL GAS
EIA: U.S. Natural Gas Output, Consumption to Hit Records in 2023 - U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA projected dry gas production will rise to 103.68 billion cubic feet per day (Bcf/d) in 2023 and 105.12 Bcf/d in 2024 from a record 99.60 Bcf/d in 2022. The agency also projected domestic gas consumption would rise from a record 88.38 Bcf/d in 2022 to 89.42 Bcf/d in 2023 before sliding to 89.00 Bcf/d in 2024. (Reuters)

POWER
New England Grid Seeks to Postpone 2025 Power Auction - New England's grid operator and a regional utilities association sought the U.S. energy regulator's permission to delay their 2025 forward capacity auction by one year to finish reevaluating how much power capacity their resources can contribute. The request by ISO New England and the New England Power Pool, if approved by the Federal Energy Regulatory Commission (FERC), will postpone the auction for the 2028-29 capacity year to February 2026, with the qualification process starting in early 2025. (Reuters)

CRUDE OIL
China's October Crude Oil Imports Up 13% from Last Year - China imported 13.52% more crude oil in October from a year earlier, data showed on Tuesday. Crude oil arrivals last month into China totaled 11.53 million barrels per day (BBL/d), according to the General Administration of Customs, up marginally compared with 11.13 million BBL/d in September. (Reuters)

.....

About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).