etilino

COLUMN: Cessation of Gas Supply to Etileno XXI Worrying Sign for Energy Industry

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

January Natural Gas at $2.50 After Bearish Weather, Storage Data

Speculative traders drive massive sell-off across Nymex futures curve EIA stuns market with miniscule 1 Bcf draw Cash falls deep into red as temperatures start to moderate As if Wednesday’s 10-cent decline wasn’t enough, another warmer shift in the latest weather models sent January natural gas futures into a freefall early Thursday. A huge bearish…

December 4, 2020

In Wake of Mexico LNG Approval, Sempra to Unify Subsidiaries

Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…

December 3, 2020

Warm December Outlook Takes Toll on Natural Gas Futures; Cash Mostly Lower

BREAKING: U.S. EIA reported a 1 Bcf withdrawal for the week ending Nov. 27, coming in more than 10 Bcf below consensus Weak cash, warming weather outlook crush natural gas futures LNG demand still high, but so is production Cash prices start to retreat in previously strong East Coast markets Natural gas futures slipped a…

December 3, 2020

Braskem Vows Legal Action as Natural Gas Transport Service Cut off by Mexico’s Cenagas

Brazilian petrochemicals giant Braskem S.A. said Wednesday that Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has cut off natural gas transportation service for the Etileno XXI complex in Mexico’s Veracruz state. Cenagas is the state entity tasked with coordinating operations and allocating capacity on the Sistrangas natural gas pipeline network. Etileno XXI, the…

December 2, 2020