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LCG Releases January–March 2026 PJM Congestion Outlook Featuring Fundamentals-Based 3-Month Forecast

LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.

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DOE Selects TVA and Holtec to Rapidly Advance Deployment of Small Modular Reactors

LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.

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Industry News

Chinese Gas Field Holds 35 Trillion Cubic Feet

LCG, Nov. 26, 2001--Proven reserves of natural gas at Changqing Oil Field, China's largest natural gas basin, exceeds a whopping 35 trillion cubic feet, the official Chinese news agency Xinhua reported yesterday.

Changqing comprises a dozen fields in the Ordos Basin which covers Shaanxi, Gansu and Shanxi provinces along with Inner Mongolia and Ningxia Hui autonomous regions. It has a combined exploration area of 143,000 square miles and is the largest onshore gas field in China.

The field began to transport oil to Ningxia, Gansu and other provinces in northwest China after the first oil pipeline was laid in 1979. Later, two gas pipelines became operational to provide gas to 15 large cities including Beijing, Tianjin and Xian.

Though natural gas accounts for only 2.1 percent of China's energy use, it amounts to about a tenth of the world's average, the news agency said.

Xinhua said exploration for natural gas in the Ordos Basin has become a strategic move in China's ongoing energy structure adjustment. The region will become a stable gas supplier to north, northeast and central China, and the steady gas supply will help Beijing and other large cities to improve air pollution.

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