Natural gas prices fall below $2

The price of natural gas has dipped just below $2 for the first time in more than a decade. Gas fell to $1.999 per 1,000 cubic feet on the afternoon of April 11. The last time it fell below $2 was Jan. 28, 2002, when it fell to $1.91, according to The Associated Press.

On April 10, the U.S. Energy Information Administration (EIA) released a prediction that electricity generation from coal will decline by about 10 percent this year as generation from natural gas increases by about 17 percent.

A mild winter and a boom in shale gas production has led to the abundance of natural gas.

Read more natural gas news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...