Trending News: South Bow Working to Secure Required Permitting for Canada-US Oil Pipeline ProposalUS Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker HughesEnbridge Sees Best North American Energy Investment Climate in Over a DecadeOil Jumps After Renewed US-Iran Fighting, Then Pares GainsFreeport LNG Plant in Texas Expected to Reduce Output for Maintenance in Coming Days, Sources SayDiamondback Bets on Wider WTI-Brent Gap Amid US Export Ban ConcernsIndia’s Inflation Accelerates as High Energy Prices Start to BiteFirst Mexican Fuel Oil Cargo in 9 Months Arrives in AsiaIraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil SalesCF Industries warns LNG shortages could extend ammonia crunch into 2027German state could build 800MW hydrogen-ready gas plantTrump’s Crackdown on China-Linked Solar Firms stalls U.S. Factory BoomShale Producer Devon Energy Approves $8 Billion Share Buyback PlanLatvia greenlights €5m biomethane grid projectMore Than 40 India-Bound Ships Remain Trapped Near HormuzGlobal Jet Fuel Exports Hit 10-Year Seasonal Low in AprilFirst Oil Tanker Reaches South Korea Through Hormuz Since War BeganGerman green hydrogen transport mandates set to become lawSosteneo buys four biomethane projects in ItalyWrightbus, Solaris line up Ballard’s new fuel cell for next-gen hydrogen busesVideo | How China is influencing the global electrolyser benchmarkTHE ISSUES: What’s Included in Talks to End the Iran War and Reopen Hormuz?Oil Pares Early Gains a Day After Renewed US-Iran FightingTop Stories Of The Day: Tanya Singhal to Lead GEAPP India; Adani Green Adds Two Renewable Arms; SECI Invites Banks for Treasury Services and More…Altura nears well tie-in completion at helium pipeline in Arizona$7 Billion in Oil Bets Under InvestigationPakistan Rejects LNG Bids as Energy Crisis DeepensA Golden Opportunity for Canada’s Oil and Gas IndustryPace Digitek Secures 250 MW/500 MWh BESS Project Order Worth ₹7,020 Million from Damodar Valley CorporationIndia’s State-Owned Energy Firms Can Accelerate Clean Energy Shift Through Strategic Capital Reallocation: ReportOsaka Gas advances e-methane plans for city gas in JapanNauru Signs Major Solar And Battery Deal To Reduce Diesel DependenceSiemens Energy to provide FEED for US green hydrogen, heavy water projectIndian Green Energy And Infrastructure Stocks Decline Amid Broad Market Consolidation (8th May 2026)BP to sell stakes in two UK CCS projectsTwo Indian semiconductor projects awarded $417mAsian Development Bank’s Dual Initiatives Aim To Improve Energy Security, Reduce Costs, And Deliver Reliable Power And Digital Access To MillionsGlobal Energy Alliance Appoints Tanya Singhal to Lead India’s Clean Energy ExpansionNegros Occidental Targets P1 Billion Savings Through Major Solar Energy TransitionTotalEnergies And Mgreen Begin Construction Of 100 MWp North-1 Solar Project In The PhilippinesTexas A&M University wins $13m state grant for semiconductor testingPodcast | Technical debrief: CO2 purity and measurementIndonesia’s Danantara Fund Positioned To Drive Clean Energy And Green Investment GrowthUzbek airport operator eyes SAF offtake from huge green hydrogen-based plantDP World launches Middle East cargo war risk insuranceIberdrola Reaches 5 Million MWh Of Clean Power Sold In Italy After Signing Five New Long-Term Renewable Energy AgreementsCERC Reinstates Connectivity For 196.8 MW Hybrid Renewable Energy Project In Madhya PradeshCanadian Natural Says Pipeline Needed to Unlock Oil Sands GrowthOil Prices Jump After U.S. and Iran Exchange Fire in Strait of HormuzBrent Oil Price Futures Understating Physical Market StressMubadala Acquires Minority Stake In Renewable Energy Software Firm Power FactorsAsian Development Bank And Japan Launch New Initiative To Help Asia-Pacific Economies Tackle Energy Price Pressures And Strengthen Long-Term ResilienceCheniere records quarterly loss but gears up for CCL Train 6 launchCanadian firm claims ‘world first’ hydrogen-powered helicopter flightDemocratic Republic of Congo Seeks Stake In $270 Million Zambia Power Interconnector ProjectEBRD And EU Provide JOD 10 Million Loan To Expand Jordan’s Largest Carrier-Neutral Data Centre And Boost Regional Digital ConnectivityZambia And SunShare Energy Sign US$246 Million Deal To Expand Nambala Solar PV PlantAsian Development Bank Unveils $50 Billion Plan To Build Cross-Border Power Grids Across Asia And The Pacific By 2035São Tomé And Príncipe Secures Major Funding Push For Renewable Energy TransitionEBRD And Acba Bank Sign €50 Million Risk-Sharing Deal In London To Boost Financing For Armenian BusinessesAndhra Pradesh Approves ₹2 Lakh Crore Investments To Boost Green Energy, Steel And Industrial GrowthU.S. Cracks Down on Iraq Oil Links to IranAndhra Pradesh Electricity Regulatory Commission Proposes New Rules On Electricity Connections And Dedicated DTR ChargesK.P. Energy Reports Record-Breaking Q4 FY26 Performance With Rs 79 Crore PAT And Rs 1,505 Crore Annual RevenueVikram Solar Limited Reports Record FY26 Revenue Growth And Expands Solar & BESS Capacity PlansGujarat Approves GIREP-2025 SOP To Accelerate Renewable Energy And Battery Storage ProjectsWest Bengal Electricity Regulatory Commission Approves 600 MW Wind-Solar Hybrid Power Procurement For CESC At Competitive TariffsSECI Invites Banks For Auto-Flexi Deposit Current Account ServicesDeendayal Port Authority Floats ₹71.70 Crore Tender For Green Hydrogen Road Connectivity At Old KandlaNTPC Invites Bids For DPR Consultant For Captive Jetty At 240 MW NGEL Green Hydrogen Hub In PudimadakaNTPC Green Energy Floats Bid For 130 MVAR SVG Package For 240 MW Devikot Solar PV Project In RajasthanChinese Firm Takes U.S. Banks to Court Over Pre-Sanction Payment FreezeSite of Polish plant deemed suitableConcreting completed of Kursk II’s third reactor building foundationUSA to examine SMRs for commercial shippingFunding boost for Bruce C pre-development workOil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military EscortsPermian to US Gulf Coast Crude Pipeline Operational After Oil SpillUS Considers Tapping Oil at Military Bases to Refill ReserveWestern Midstream to Pay $1.6 Billion for Permian PipelinesChinese-Owned Oil Tanker Hit Near Hormuz as US Pauses Ship-Protection Plan, Report SaysIran Cut Back Oil Production by 400,000 bpd, US Energy Secretary SaysEU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNGAngola’s First New Refinery in 50 Years Ships Its First Fuel CargoesEU: Airlines Should Pay Passengers for Cancelations due to Fuel Price SurgeIEA: Tight Gas Markets Will Last Through 2030Industrial gas majors eye growing role in space launch economyShell’s Profit Beats Expectations at $6.9 billion, Raises Dividend by 5%Shell Beats Profit Estimates as War Brings Trading WindfallOil Crunch Prompts Plastics Crisis in AsiaOil Prices Waver as Market Weighs Chances of U.S.-Iran DealIndustry bodies urge UK government to prioritise industrial decarbonisationVideo | Transitioning bipolar plates to mass productionOil Falls Below $100 a barrel on Middle East Peace Deal HopesTrump Met With Chevron and ExxonMobil to Discuss VenezuelaCheniere Swings to Quarterly Loss as Iran War Hits LNG Derivative ContractsAustralia Orders LNG Exporters to Reserve 20% of Gas for Domestic MarketEU Suspends Methane Rules as Energy Crunch IntensifiesTop Stories Of The Day: Apple’s ₹100 Cr India RE Push; Ampyr’s 67.5 MW Karnataka Solar; SECI Floats Green Methanol RfS and More…Third European Hydrogen Bank round selects nine projects for over €1bn
Fri. May 8th, 2026
Trending News: South Bow Working to Secure Required Permitting for Canada-US Oil Pipeline ProposalUS Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker HughesEnbridge Sees Best North American Energy Investment Climate in Over a DecadeOil Jumps After Renewed US-Iran Fighting, Then Pares GainsFreeport LNG Plant in Texas Expected to Reduce Output for Maintenance in Coming Days, Sources SayDiamondback Bets on Wider WTI-Brent Gap Amid US Export Ban ConcernsIndia’s Inflation Accelerates as High Energy Prices Start to BiteFirst Mexican Fuel Oil Cargo in 9 Months Arrives in AsiaIraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil SalesCF Industries warns LNG shortages could extend ammonia crunch into 2027German state could build 800MW hydrogen-ready gas plantTrump’s Crackdown on China-Linked Solar Firms stalls U.S. Factory BoomShale Producer Devon Energy Approves $8 Billion Share Buyback PlanLatvia greenlights €5m biomethane grid projectMore Than 40 India-Bound Ships Remain Trapped Near HormuzGlobal Jet Fuel Exports Hit 10-Year Seasonal Low in AprilFirst Oil Tanker Reaches South Korea Through Hormuz Since War BeganGerman green hydrogen transport mandates set to become lawSosteneo buys four biomethane projects in ItalyWrightbus, Solaris line up Ballard’s new fuel cell for next-gen hydrogen busesVideo | How China is influencing the global electrolyser benchmarkTHE ISSUES: What’s Included in Talks to End the Iran War and Reopen Hormuz?Oil Pares Early Gains a Day After Renewed US-Iran FightingTop Stories Of The Day: Tanya Singhal to Lead GEAPP India; Adani Green Adds Two Renewable Arms; SECI Invites Banks for Treasury Services and More…Altura nears well tie-in completion at helium pipeline in Arizona$7 Billion in Oil Bets Under InvestigationPakistan Rejects LNG Bids as Energy Crisis DeepensA Golden Opportunity for Canada’s Oil and Gas IndustryPace Digitek Secures 250 MW/500 MWh BESS Project Order Worth ₹7,020 Million from Damodar Valley CorporationIndia’s State-Owned Energy Firms Can Accelerate Clean Energy Shift Through Strategic Capital Reallocation: ReportOsaka Gas advances e-methane plans for city gas in JapanNauru Signs Major Solar And Battery Deal To Reduce Diesel DependenceSiemens Energy to provide FEED for US green hydrogen, heavy water projectIndian Green Energy And Infrastructure Stocks Decline Amid Broad Market Consolidation (8th May 2026)BP to sell stakes in two UK CCS projectsTwo Indian semiconductor projects awarded $417mAsian Development Bank’s Dual Initiatives Aim To Improve Energy Security, Reduce Costs, And Deliver Reliable Power And Digital Access To MillionsGlobal Energy Alliance Appoints Tanya Singhal to Lead India’s Clean Energy ExpansionNegros Occidental Targets P1 Billion Savings Through Major Solar Energy TransitionTotalEnergies And Mgreen Begin Construction Of 100 MWp North-1 Solar Project In The PhilippinesTexas A&M University wins $13m state grant for semiconductor testingPodcast | Technical debrief: CO2 purity and measurementIndonesia’s Danantara Fund Positioned To Drive Clean Energy And Green Investment GrowthUzbek airport operator eyes SAF offtake from huge green hydrogen-based plantDP World launches Middle East cargo war risk insuranceIberdrola Reaches 5 Million MWh Of Clean Power Sold In Italy After Signing Five New Long-Term Renewable Energy AgreementsCERC Reinstates Connectivity For 196.8 MW Hybrid Renewable Energy Project In Madhya PradeshCanadian Natural Says Pipeline Needed to Unlock Oil Sands GrowthOil Prices Jump After U.S. and Iran Exchange Fire in Strait of HormuzBrent Oil Price Futures Understating Physical Market StressMubadala Acquires Minority Stake In Renewable Energy Software Firm Power FactorsAsian Development Bank And Japan Launch New Initiative To Help Asia-Pacific Economies Tackle Energy Price Pressures And Strengthen Long-Term ResilienceCheniere records quarterly loss but gears up for CCL Train 6 launchCanadian firm claims ‘world first’ hydrogen-powered helicopter flightDemocratic Republic of Congo Seeks Stake In $270 Million Zambia Power Interconnector ProjectEBRD And EU Provide JOD 10 Million Loan To Expand Jordan’s Largest Carrier-Neutral Data Centre And Boost Regional Digital ConnectivityZambia And SunShare Energy Sign US$246 Million Deal To Expand Nambala Solar PV PlantAsian Development Bank Unveils $50 Billion Plan To Build Cross-Border Power Grids Across Asia And The Pacific By 2035São Tomé And Príncipe Secures Major Funding Push For Renewable Energy TransitionEBRD And Acba Bank Sign €50 Million Risk-Sharing Deal In London To Boost Financing For Armenian BusinessesAndhra Pradesh Approves ₹2 Lakh Crore Investments To Boost Green Energy, Steel And Industrial GrowthU.S. Cracks Down on Iraq Oil Links to IranAndhra Pradesh Electricity Regulatory Commission Proposes New Rules On Electricity Connections And Dedicated DTR ChargesK.P. Energy Reports Record-Breaking Q4 FY26 Performance With Rs 79 Crore PAT And Rs 1,505 Crore Annual RevenueVikram Solar Limited Reports Record FY26 Revenue Growth And Expands Solar & BESS Capacity PlansGujarat Approves GIREP-2025 SOP To Accelerate Renewable Energy And Battery Storage ProjectsWest Bengal Electricity Regulatory Commission Approves 600 MW Wind-Solar Hybrid Power Procurement For CESC At Competitive TariffsSECI Invites Banks For Auto-Flexi Deposit Current Account ServicesDeendayal Port Authority Floats ₹71.70 Crore Tender For Green Hydrogen Road Connectivity At Old KandlaNTPC Invites Bids For DPR Consultant For Captive Jetty At 240 MW NGEL Green Hydrogen Hub In PudimadakaNTPC Green Energy Floats Bid For 130 MVAR SVG Package For 240 MW Devikot Solar PV Project In RajasthanChinese Firm Takes U.S. Banks to Court Over Pre-Sanction Payment FreezeSite of Polish plant deemed suitableConcreting completed of Kursk II’s third reactor building foundationUSA to examine SMRs for commercial shippingFunding boost for Bruce C pre-development workOil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military EscortsPermian to US Gulf Coast Crude Pipeline Operational After Oil SpillUS Considers Tapping Oil at Military Bases to Refill ReserveWestern Midstream to Pay $1.6 Billion for Permian PipelinesChinese-Owned Oil Tanker Hit Near Hormuz as US Pauses Ship-Protection Plan, Report SaysIran Cut Back Oil Production by 400,000 bpd, US Energy Secretary SaysEU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNGAngola’s First New Refinery in 50 Years Ships Its First Fuel CargoesEU: Airlines Should Pay Passengers for Cancelations due to Fuel Price SurgeIEA: Tight Gas Markets Will Last Through 2030Industrial gas majors eye growing role in space launch economyShell’s Profit Beats Expectations at $6.9 billion, Raises Dividend by 5%Shell Beats Profit Estimates as War Brings Trading WindfallOil Crunch Prompts Plastics Crisis in AsiaOil Prices Waver as Market Weighs Chances of U.S.-Iran DealIndustry bodies urge UK government to prioritise industrial decarbonisationVideo | Transitioning bipolar plates to mass productionOil Falls Below $100 a barrel on Middle East Peace Deal HopesTrump Met With Chevron and ExxonMobil to Discuss VenezuelaCheniere Swings to Quarterly Loss as Iran War Hits LNG Derivative ContractsAustralia Orders LNG Exporters to Reserve 20% of Gas for Domestic MarketEU Suspends Methane Rules as Energy Crunch IntensifiesTop Stories Of The Day: Apple’s ₹100 Cr India RE Push; Ampyr’s 67.5 MW Karnataka Solar; SECI Floats Green Methanol RfS and More…Third European Hydrogen Bank round selects nine projects for over €1bn
Fri. May 8th, 2026

US Northeast Spot Natgas and Power Prices Hit Record Highs as Arctic Blast Boosts Heating Demand, Freezes Gas Wells

snow strom elliott dec 2022 1200x810

(Reuters) – U.S. spot natural gas and power prices soared to record highs in the northeastern part of the country as homes and businesses cranked up their heaters to escape an Arctic chill that cut gas output to a two-year low by freezing oil and gas wells and pipes earlier this week.

Cash gas prices for Tuesday soared 242% at the Algonquin Hub in New England to a record $173 per million British thermal units (mmBtu), while next-day prices at the Eastern Gas hub in Pennsylvania jumped 47% to a record $59.

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In the power market, spot prices at the PJM West Hub in Pennsylvania and Maryland soared 146% to a record $1,014 per megawatt hour (MWh).

That compares with average cash gas prices of $6.08 per mmBtu in New England and $2.79 at the Eastern Gas hub, and average next-day power prices at the PJM West hub of $60.23 per MWh in 2025.

Next-day power and gas prices also rose to record and multi-year highs in other hubs across the country in recent days, including the U.S. Henry Hub gas benchmark in Louisiana.

Reporting by Scott DiSavino, Editing by Louise Heavens

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