Across the United States, there are almost 50 gas-fired power either in pre-construction or under construction with an incremental generation capacity of 30 GW.
America's Love for Natural Gas Caps Emissions - For the first time on record, US emissions from gas-fired power stations surpassed the mark of 1 billion metric tonnes of CO2, however thanks to natural gas pushing out coal the country's total emissions barely edged higher. - US coal plants discharge on average 77% more CO2 per unit of electricity than gas-fired plants, triggering a slump in coal-fired emissions that dipped to an all-time low of 620 million tonnes in 2024.
- The Chinese government handpicks refiners that can have crude import quotas, with teapots often relying on fuel oil as a refining feedstock, but Beijing has raised the fuel oil import tariff to 3% from 1% previously, shaving off some $2 per barrel from their profits.
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