Christopher Lenton

North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165.  TC…

Mexico’s presidential frontrunner Claudia Sheinbaum of the ruling Morena party would continue the nation’s buildout of natural gas-fired power if she were to win the June 2 election. Speaking to business leaders in Mexico City on Monday evening, Sheinbaum highlighted that 3.250 GW of new generation, 91% of which was natural-gas fired combined cycle, were…

North American natural gas futures gained some ground this week with signs that U.S. production was scaling back, but still held under $2.00/MMBtu. The longer term picture remains bearish, at least for this year. This week, the U.S. Energy Information Administration (EIA) cut its projected average Henry Hub natural gas spot price to $2.20 for…

Global natural gas demand has boomed in the past 25 years and, unlike coal and oil, growth could continue through 2050, according to Washington, DC, nonprofit Resources for the Future (RFF). RFF’s “Global Energy Outlook 2024: Peaks or Plateaus?” report compared 16 scenarios across eight outlooks published in 2023 by major energy agencies and companies.…

North American natural gas futures got a small boost this week on news of weaker production from U.S. operators, but by mid-week the momentum had fizzled. The May New York Mercantile Exchange gas futures contract posted a second day of losses and lost 6.7 cents on Thursday to settle at $1.774/MMBtu. Mexican imports of U.S.…

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

U.S. regulators were well within their rights to grant extensions to natural gas projects, a federal appeals court found. FERC’s decision to extend the construction deadlines for projects being undertaken by National Fuel Gas Supply Co. and Cheniere Energy Inc. “were not arbitrary and capricious,” the U.S. Court of Appeals for the DC Circuit ruled…

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

Mexican state utility Comisión Federal de Electricidad (CFE) and French multinational Engie SA through its subsidiary Energia Mayakan signed an agreement to double the capacity on the Mayakan natural gas pipeline serving the Yucatán Peninsula. Energía Mayakan will be in charge of the development and construction of the project. The pipeline’s current capacity of 250…