Gas and power
Overview
Gas and power, two integral energy sources that underpin all major economic activities, are critical for businesses, which need access to reliable market information, data and prices. This enables them to make more informed decisions relating to their exposure to gas and power sectors.
Our team of market experts provides independent and reliable price assessments, indexes, market data and in-depth analysis. Our prices and market intelligence are used by energy companies, governments, banks, regulators, exchanges and many other organisations. You can benefit from our in-depth knowledge of these markets for better decision-making.
Gas and power market coverage
Argus is a leading independent provider of market intelligence to the global energy and commodity markets. Our price assessments and market intelligence are available for all major gas and power markets across the globe. Explore our coverage most relevant to your business.
Latest gas and power news
Browse the latest market-moving news on the global gas and power industry.
Ohio governor pauses data center tax breaks
Ohio governor pauses data center tax breaks
Houston, 29 May (Argus) — Ohio governor Mike DeWine (R) temporarily halted new data center tax exemptions after local media reports showed the incentives cost the state over $1bn in revenue last year . DeWine directed the tax credit authority to stop accepting new requests for exemptions while the legislature's Joint Data Center Committee examines the impact of data centers on local communities. The pause only applies to tax exemption requests and is not a ban on data center development, he said this week. The move is a reversal of sorts for the Republican governor who has been a supporter of data center investment and last year vetoed a legislative attempt to end the sales and use tax exemption, enacted in 2013. "What was estimated at $300 million in lost revenue is now $1.6 billion," state representative David Thomas (R) said on social media this week. "The legislature was not told of this cost until seeing it in the newspaper. I am strongly encouraging removing this sales tax exemption fully in Ohio Law." DeWine emphasized that data centers that have received tax exemptions reported more than $27bn in capital investment in Ohio last year. The tax credit pause comes as state and local governments in other high-growth markets take a more critical look at the rapid buildout of data centers. In neighboring Pennsylvania, governor Josh Shapiro (D) recently introduced Governor's Responsible Infrastructure Development (GRID) standards that tie tax incentives and fast-track permitting to stricter requirements on energy sourcing, grid costs and environmental performance. Opposition is also gaining strength in Texas, where counties and cities have moved to block or slow projects through moratoriums, zoning denials and new restrictions tied to water use and land use. The pushback, spanning both Republican- and Democratic-leaning areas, comes as regulators warn that data centers could drive electricity demand to more than quadruple in coming years. Ohio has the fifth-largest number of data centers in the country, with more than 200 facilities, according to the Office of the Ohio Consumers' Counsel. The rapid expansion has coincided with rising power costs, with Ohio households facing increases from 10-35pc last summer as regional grid operator, PJM Interconnection, paid dramatically more to secure future reserve capacity. By Jasmina Kelemen Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Refineries can drive South Korean green H2 use: Acwa
Refineries can drive South Korean green H2 use: Acwa
Hamburg, 29 May (Argus) — Refineries could become a main anchor for renewable hydrogen demand in South Korea, as adoption for power generation has become more uncertain, Saudi Arabian project developer Acwa said. South Korea's primary focus in recent years for use of imported clean hydrogen and ammonia has been on power generation. Changes to long-term power supply and energy security planning have altered this , but Acwa sees offtake opportunities in other sectors. "We are really trying to encourage the authorities to expand the scope beyond power generation," the firm's head of green hydrogen business development, Driss Berraho, told Argus on the sidelines of the World Hydrogen Summit in Rotterdam last week. Refineries could provide "a good avenue to initiate the market" and to "create baseload large-scale demand with limited impact on the end consumer," he said. Renewable hydrogen adoption in refineries could help scale the sector and develop infrastructure that would eventually bring down overall supply costs, Berraho said. This could support future hydrogen or ammonia use for power generation at more affordable prices, he said. In Europe, refineries are already the main demand source for renewable hydrogen. Fossil-based hydrogen can be replaced with few technical modifications, and higher costs can be spread across all fuel consumers at the pump. The EU has doubled down on this through consumption targets under its revised Renewable Energy Directive (RED III). South Korea has made plans to decarbonise refineries, but specific quotas for renewable hydrogen use and penalties are yet to be set, Berraho said. Still, Acwa has "observed that refiners are getting ready" and are "doing the groundwork to understand supply chains," he said. Acwa generally remains "convinced of the long-term potential" of northeast Asian markets, Berraho said, pointing to encouraging signs from Japan including results of a recent zero-emissions power capacity auction . Asian firms remain interested in co-investing in Saudi projects, Acwa's advisor to the chairman, Marco Arcelli, said in Rotterdam . European focus For now, Acwa sees Europe as the main offtake market, especially because of the RED III targets. German utility EnBW has joined Acwa's Saudi Yanbu project , which could produce more than 2mn t/yr of ammonia, as a partner and potential key offtaker. Acwa is also engaged in offtake conversations with other firms, including Germany's Sefe , Arcelli said. The company expects to finalise binding offtake deals for Yanbu by the end of this year or in early 2027, paving the way for a final investment decision (FID), Berraho said. On the project development side, everything should be lined up for a FID later this year, he said. Front-end engineering design work is ongoing and Acwa this week received pre-certification for Yanbu's compliance with the EU's definition of renewable fuels of non-biological origin. Outside of Saudi Arabia, where Acwa is also developing the Neom project , most plans are less advanced. Acwa is planning large renewable ammonia plants in Morocco and in Egypt , but these are in much earlier development stages, Arcelli said. In Indonesia, Acwa has teamed up with domestic firms PT PLN and Pupuk to make renewable ammonia for domestic fertilizer production. But the plans are "progressing very slowly," Arcelli said, noting that Indonesia has ample potential but that the "general framework" for development of hydrogen projects differs considerably between countries. Acwa had hoped the project "could go much faster because it would really position Indonesia as the leader in the Asia-Pacific region outside of China," Arcelli said. The company operates a 20MW electrolysis plant in Uzbekistan that supplies renewable ammonia for domestic fertilizer production. This gives Acwa "the credibility that we can fully develop green hydrogen projects on our own," Arcelli said. Another larger plant in Uzbekistan is still on the cards, but this will depend on demand and learnings from the operational project, he said. Uzbekistan stands out for renewable hydrogen and ammonia in central Asia as it has a "very unique combination of factors," Berraho said, including ample renewables potential and a very strong industrial base across refining, chemicals and heavy industry. Discussions on energy security feature strongly in the country, he said. By Stefan Krumpelmann Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Local opposition builds to Texas data centers
Local opposition builds to Texas data centers
Houston, 28 May (Argus) — A wave of local efforts to slow or block data center projects is spreading across Texas, as communities push back against the rapid expansion of facilities expected to drive the state's next surge in electricity demand. Counties and cities have in recent months proposed or enacted moratoriums, denied zoning requests and imposed new restrictions, citing concerns over water use, grid strain, noise and the industrialization of rural areas. The local-level backlash has intensified since February, striking in even heavily Republican-leaning districts. Hill County, south of Dallas-Fort Worth, approved a moratorium targeting data centers and related infrastructure, prompting a lawsuit this week from developers seeking to invalidate the measure. Van Zandt County adopted a broader "green energy" moratorium, while similar proposals in Hays and Tom Green counties have been tabled following legal concerns. Hood County commissioners narrowly rejected a comparable measure. "You have counties adopting moratoriums over the objection of their own attorneys, who are saying they don't have the authority to do this," said Tina Nguyen, a litigation partner at Baker Botts, in a webinar Thursday. At the city level, San Marcos denied a rezoning request after hours of debate focused on water availability. Harlingen imposed a temporary ban on new applications, and San Angelo adopted new setback and noise requirements. Round Rock, by contrast, approved a project despite opposition. The opposition comes as Texas has become a leading hub for data center development tied to artificial intelligence, with regulators projecting electricity demand could more than quadruple by 2032. Texas currently has about 87 operating data centers and roughly 156 planned projects, positioning the state to overtake Virginia as the largest US data center market later this decade, according to industry figures presented by Baker Botts. Growing chorus of disapproval The local resistance is spilling into statewide politics and has begun to elicit rare bipartisan agreement in some corners. Texas Agriculture Commissioner Sid Miller recently called for a temporary statewide moratorium on new data center development, warning that the rapid growth of such facilities is straining the Lone Star State's resources. The three-term commissioner endorsed by President Donald Trump lost his Republican primary in March and will not stand for re-election. The Democratic challenger in the race has also advocated for a statewide moratorium. Legal experts suggest counties may lack the authority to impose broad development moratoriums, raising the likelihood of further court challenges. Developers are increasingly seeking injunctions to block enforcement, warning that even temporary delays can disrupt financing and timelines. Uncertainty created by the disputes could stymie project development as Texas regulators move to integrate a surge of large electricity users. Under a new process being finalized by the Electric Reliability Council of Texas (ERCOT), projects must certify they have secured all required local approvals or that none are needed to qualify for accelerated interconnection. "The problem is the rule doesn't distinguish between a lawful government action and an illegal one," said Juliana Sersen, a former ERCOT attorney and partner at Baker Botts. That dynamic could leave some projects unable to meet requirements if subject to local moratoriums, even if those restrictions are later overturned, she said. By Jasmina Kelemen Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Cheniere taps Bechtel for Sabine Pass LNG expansion
Cheniere taps Bechtel for Sabine Pass LNG expansion
Houston, 28 May (Argus) — US LNG developer Cheniere has signed a contract with Bechtel for the engineering, procurement and construction of the 7mn t/yr expansion at its 33mn t/yr Sabine Pass LNG export terminal in Louisiana, Cheniere said today. The deal covers the first phase of a 20mn t/yr expansion Cheniere plans to develop at Sabine Pass. The first phase, targeted for a final investment decision in early 2027, would add a 6mn t/yr train and 1mn t/yr of boil-off gas reliquefaction capacity. Cheniere has allowed Bechtel to begin early engineering and procurement. Cheniere has signed 10mn t/yr of offtake contracts that it can apply to expansion efforts, the company said in February. Beyond the first phase of the Sabine Pass expansion, Cheniere intends to follow a similarly phased approach at its 31.4mn t/yr Corpus Christi export terminal in south Texas, where an initial 6mn t/yr train would be part of a 24mn t/yr expansion. The developer expects to decide on the Corpus Christi expansion's first phase in mid-to-late 2027. Cheniere is still waiting for regulators to sign off on key permits for the Sabine Pass expansion. It expects the Federal Energy Regulatory Commission to authorize its plan to build and operate the expansion by the end of this year. The company also has a pending request with the Department of Energy to export LNG to countries that do not have free trade agreements with the US, which President Donald Trump's administration is likely to approve. On its current timeline, the new train's first exports could begin as early as 2030, with commercial service for Cheniere's long-term customers beginning in mid-2031. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Explore our gas and power products
Both the natural gas and power services have a long track record of providing well researched pricing, high quality analysis and market intelligence to our clients.
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
