1/10/2023 0 Comments House flipper online unblocked![]() northeast are warning consumers that electricity bills could soar by 60% this winter. Some power companies who rely on natural gas in the U.S. ![]() households, is expected to increase about 34% compared with last year, and up 66% from the winter of 2020-2021, the report said. The price of natural gas, which heats about 50% of U.S. home heating is expected to rise 17.2% from last winter to $1,202, putting millions of low-income families at risk of falling behind on their energy bills, according to a recent report by the National Energy Assistance Directors' Association (NEAD). "And because of the steps we and our partners have been taking, gas storage in Europe is at a significantly higher level than last year. LNG exports to EU since early March, double the same period last year. We surpassed the LNG export goal President Biden set," said a senior administration official, who pointed to 30 bcm in U.S. "President Biden made a commitment in March and we have been moving out on it. The issue has taken on new significance in recent weeks as the White House has threatened petroleum refiners they could stop them from exporting fuels like gasoline and diesel unless domestic inventories rise. White House officials, stung by spikes in inflation to four-decade highs above 8%, explored the market impact of limiting energy exports to ease consumer prices and lift domestic inventories, the sources said.īut that analysis only cemented a consensus that such a move would be too extreme and fracture key relationships with allies in Europe. companies exported record amounts to Europe in recent months to counter a cut in supplies and higher prices for European power plants. Inventories of natural gas, the nation's primary heating fuel, are at historically low levels after U.S. official.īiden and his aides are bracing for the prospect that inflation-fatigued Americans will pay high home-heating bills this winter. A ban has not been seriously considered, said a U.S. President Joe Biden committed to deliver 15 billion cubic metres (bcm) more of liquefied natural gas (LNG) to Europe following Russia's invasion of Ukraine and has already surpassed that goal.įurther White House analysis has only cemented support for ongoing exports, the sources said, although rising energy costs and a colder-than-expected winter could test Biden's commitment. WASHINGTON (Reuters) - The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe, according to two people directly involved in the discussions. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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