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Mexico Pacific LNG Project Could Have Positive Impacts on Overall Natural Gas Market — Column
Natural Gas Prices
January Natural Gas Futures Post Modest Gain in Limited Response to ‘Juicy’ Storage Withdrawal
Nymex January natural gas futures ended a seesaw Thursday trading session modestly higher at $2.585/MMBtu. Futuresgarnered little fresh directional support in the withdrawal from natural gas inventories, which was larger than most expectations. The front-month contract tumbled early to a $2.489 intraday low and spiked to a $2.621 intraday high following the midmorning storage data…
December 8, 2023Markets
North America Natural Gas Futures Refuse to Budge as Mexico Projects Advance — Spotlight
North American natural gas futures kept sinking this week amid strong U.S. production and a weak demand outlook. January New York Mercantile Exchange natural gas futures closed up marginally Thursday at $2.585/MMBtu. On Wednesday, ExxonMobil released an updated corporate plan that showed a delay at Golden Pass LNG Train 1, with the project now expected…
December 7, 2023Natural Gas Prices
January Futures Down As News of LNG Facility Delay Stokes Storage Glut Fears
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 117 Bcf of natural gas from storage for the week ended Dec. 1. The draw proved steeper than most expectations but within wider ranges. At A Glance: BREAKING: U.S. EIA reports 117 Bcf withdrawal Golden Pass LNG delayed Cash follow futures lower Natural…
December 7, 2023LNG
Mexico Pacific Nears Sold-Out Capacity for Saguaro LNG with Woodside SPA
Woodside is further diversifying its LNG portfolio with more U.S.-sourced gas from a new supply agreement with Mexico Pacific Ltd. (MPL), tallying another major offtaker for the proposed Mexican terminal. Woodside has inked a 20-year, 1.3 million metric ton/year (mmty) sales and purchase agreement (SPA) for offtake from the Saguaro Energia LNG terminal on a…
December 6, 2023Trending News
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