Christopher Lenton

North American natural gas prices moderated this week as temperatures remained warm and storage inventories continued to grow. NGI natural gas prices at Monterrey and Los Ramones near the border with Texas dropped below $5.00/MMBtu for the first time in over a month. U.S. futures prices for November and December delivery also dipped in this…

Argentina’s government has launched a natural gas tender to try to shore up domestic supply starting in the Southern Hemisphere winter in 2022. The majority of the gas would come from the Neuquén Basin, home to the massive Vaca Muerta formation. Energy Secretary Darío Martínez said the objective of the tender — part of the…

Chesapeake Utilities Corp. has completed construction of its Noble Road Landfill renewable natural gas (RNG) pipeline project in Ohio and is projected to flow gas by the end of the year. The 33.1-mile pipeline is designed to transport RNG generated from the Noble Road landfill in Shiloh, OH, to subsidiary Aspire Energy’s pipeline system. The…

Mexico President Andrés Manuel López Obrador has high hopes of changing the rules of the game in the electric power sector, but his proposal likely won’t be voted on in Congress until early next year as the reform is studied by legislators. The reform, if passed, would modify the constitution to eliminate upstream oil and…

U.S. natural gas forward prices for November stayed in the range between $5.00 and $6.00/MMBtu this week as European and Asian energy markets continued to pressure the global benchmarks. “Despite these prices, natural gas demand is high,” a Mexico City-based gas buyer told NGI’s Mexico GPI. Imports from the United States rose week/week. On Thursday,…

Houston-based energy manufacturing and logistics firm Phillips 66 and fuel cell manufacturer Plug Power Inc. have signed a memorandum of understanding (MOU) to collaborate on the development of low-carbon hydrogen business opportunities. Phillips 66 already owns hydrogen-related infrastructure and uses hydrogen in the manufacturing of transportation fuels. Plug Power, meanwhile, is developing green hydrogen production…

Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus.  A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on…

Soaring natural gas prices in Europe and Asia and a tight global natural gas market could get planned North American liquefied natural gas (LNG) projects across the finish line. A trio of experts spoke Tuesday on dynamics in the LNG market at the LDC Natural Gas Forum in New Orleans. NGI’s LNG Insight Senior Editor…

Volatility continued to rock the Mexican natural gas market this week as North American prices came under the influence of wildly unpredictable Asian and European fundamentals. “Rallying, volatile U.S. benchmarks are creating anxiety in Mexico’s industrial sector, where gas demand is more correlated than ever,” Wood Mackenzie’s Ricardo Falcón told NGI’s Mexico GPI. U.S. benchmarks…