ECA LNG Export Terminal Tops Mexico’s Second Public-Private Infrastructure Plan

Energy projects fueled by natural gas dominate Mexico’s second public-private infrastructure plan announced by government and business leaders on Monday.  Worth a total of 228 billion pesos, or around $11 billion, the second package includes 29 projects in energy, telecommunications, roads and water. It is part of a broader infrastructure plan aimed at jumpstarting the…

Montney on Track to Become Leading Canadian Natural Gas Play

Rich Montney Shale resources will let British Columbia (BC) take over from Alberta as the top Canadian natural gas producer jurisdiction within 20 years, according to two separate supply projections. Alberta falls behind BC in the latest national outlook by the Canada Energy Regulator (CER), Canada’s Energy Future 2020. The gas lead changes in both…

December 4, 2020

Natural Gas Longs Scurry for Exits, Send Forward Prices Crashing Lower

Wrapping up one of the warmest Novembers in U.S. history, natural gas winter forward prices plunged during the Nov. 25-Dec. 2 period as the weather outlook for December grew milder, according to NGI’s Forward Look. January prices averaged 18.0 cents lower over the period, which included the extended Thanksgiving holiday, while the balance of winter…

December 4, 2020

No Significant Impact Expected as DOE Prepares to End LNG Project Reviews

The U.S. Department of Energy (DOE) plans to stop conducting environmental reviews of liquefied natural gas (LNG) export and import projects beginning in early January.  The notice was published Thursday in the Federal Register. The decision is not expected to significantly reduce regulatory hurdles for LNG projects. They still would require extensive FERC environmental reviews…

December 3, 2020

Chevron Sharply Reduces ‘21 Spending, but Permian, Gulf of Mexico Still Priorities

Chevron Corp. plans to reduce overall capital spending by 26% next year and slice the budget through 2025, but more resources are budgeted for the deepwater Gulf of Mexico and the Lower 48, including the legacy Permian Basin holdings. Capital expenditures (capex) are set at $14 billion for 2021, and up to $16 billion a…

December 3, 2020