AES Corp. of the US whose businesses include electricity supplies and stakes in liquefied natural gas and power in the Dominican Republic and Panama, has been able to narrow its net losses amid changing markets and as its swallows the high cost of moving to renewables.
US Government forecasts in its latest short-term outlook that the LNG export market in 2023 will stay “relatively flat” before expanding in 2024 and expects a decline in domestic natural gas consumption.
Texas State Governor Greg Abbott has told the United Nations to get lost after it singled out the state for over-using oil and natural gas, even as Texas has the largest wind-power system in America as well as being a centre of increasing clean liquefied natural gas exports to Asia.
Natural gas producing states like Texas are in advance of states like California on use of renewables while US natural gas production is rising again in 2019 and the nation’s energy-related emissions of carbon-dioxide are on the decline in 2019 and 2020.