In his role as Director of Strategy & Research, Patrick Rau has helped develop NGI's LNG Insight, Mexico Gas Price Index and Shale Daily publications. He provides ongoing leadership for content development and stays abreast of changes in the pipeline grid that impact NGI's Price Indexes. Overall, Pat has more than 20 years experience in the oil & gas industry, including time spent as a sell-side equity research analyst covering natural gas pipelines for the Bank of Montreal, and as a financial analyst and internal consultant for the Amerada Hess Corporation. Pat is a Chartered Financial Analyst (CFA), holds a B.A. in Economics from the College of William & Mary, and received his M.B.A. in Finance from Georgetown University.
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Articles from Pat Rau, CFA
NGI’s 4Q2023 LNG Market Analyst Takeaways
The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward. Cheniere Energy Inc. (LNG): Statistics from Cheniere…
April 3, 2024
NGI’s 4Q2023 North American Natural Gas Supply and Demand Analyst Takeaways
North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels in no small part because of drilling efficiencies. At the same time, midstreamers touted the need for more gas egress capacity while the Biden administration’s LNG authorization pause threw a wrench in the outlook for some export capacity projects. Read…
March 25, 2024
NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways
Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…
March 18, 2024
NGI’s 3Q2023 North American Natural Gas Supply and Demand Analyst Takeaways
North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels, inventories grew and international markets found more balance after Russia invaded Ukraine. Read what NGI analysts learned during 3Q2023 earnings season and how they view supply and demand trends moving forward. EQT Corp. (EQT): The marginal molecule of U.S. natural…
December 27, 2023
NGI’s 3Q2023 LNG Market Analyst Takeaways
The globalization of the natural gas market continues at full speed as liquefied natural gas infrastructure development in North America and internationally continues to ramp. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season.
December 18, 2023
NGI’s 3Q2023 Mexico Natural Gas Market Analyst Takeaways
Mexico and the rest of Latin America are gaining importance on the international natural gas market stage in terms of infrastructure buildout, natural gas demand, and both imports and exports. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season. Kinder Morgan Inc. (KMI): Mexico is building a number of new gas-fired power…
December 11, 2023
Mexico Pacific Adds New Offtake Deal, Still Working Toward Sanctioning of LNG Project
Mexico Pacific Limited LLC (MPL) and Shell plc have signed another offtake agreement for MPL’s Saguaro Energía LNG export terminal proposed for Puerto Libertad in Mexico’s Sonora State. MPL on Monday said it has agreed to supply another 1.1 million metric tons/year (mmty) of liquefied natural gas to an affiliate of Shell plc from its…
March 28, 2023
Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap
Colder weather and the possibility of continued labor strikes at French import terminals helped lift European natural gas prices on Monday. The May Title Transfer Facility (TTF) gained about 5% last week after forecasts shifted colder for the remainder of the month and into early April. The contract gained another 3% Monday to finish just…
March 27, 2023
Chesapeake Steps Into LNG Market to Supply Gunvor with U.S. Natural Gas
Chesapeake Energy Corp. has reached a tentative deal to supply Gunvor Group Ltd. with up to 2 million metric tons/year (mmty) of LNG from a U.S. liquefaction facility that the companies plan to jointly select. Under a heads of agreement (HOA) announced Monday, Chesapeake would supply global commodity trader Gunvor with the super-chilled fuel for…
March 6, 2023
Russia’s War Upends Global Natural Gas Order, Affirms Abiding Demand for U.S. Supplies
Russia’s yearlong – and ongoing – invasion of Ukraine sparked a reordering of global natural gas supply and demand, igniting record calls for U.S. exports of LNG and amplifying the enduring prominence of fossil fuels in the world’s energy mix. Domestic gas production climbed to record highs in response. The war, whose one-year anniversary is…
February 21, 2023