Exports

U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

Natural gas exports via pipeline from the United States to Mexico recorded a new monthly record in June, the U.S. Energy Information Administration (EIA) said in a note Friday, citing data from Wood Mackenzie. Pipeline exports averaged 6.8 Bcf/d for the month, up 25% from June 2020 and 44% from the previous five-year (2016-2020) monthly…

July 26, 2021
Natural Gas Forward Prices Surge on Heat, Lagging Production

Natural Gas Forward Prices Surge on Heat, Lagging Production

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 23, 2021
Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong

U.S. crude stockpiles ended a summer-long streak of descensions even as domestic demand increased and production was flat, the U.S. Energy Information Administration (EIA) said Wednesday. The agency noted that exports of American crude dropped during the week, while imports climbed. U.S. commercial crude inventories — excluding those in the Strategic Petroleum Reserve — increased…

July 21, 2021
Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global natural gas prices were climbing again on Monday, picking up from gains last Friday as hotter weather and supply issues have the market heading higher as the week gets underway. Prices rebounded in Europe late last week after the European Commission unveiled a climate package aimed at cutting emissions and boosting renewables that had…

July 19, 2021
U.S. Natural Gas ‘Off to the Races’ on Strong LNG, Mexico Demand and Producer Discipline

U.S. Natural Gas ‘Off to the Races’ on Strong LNG, Mexico Demand and Producer Discipline

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico, and capital discipline by upstream producers all have…

July 19, 2021
Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

The nascent carbon-neutral liquefied natural gas (LNG) market is set to gain momentum this year as global buyers are increasingly concerned about their emissions footprints. The market is on track to quadruple this year, according to a recent report from FTI Consulting. The firm has tracked six carbon-neutral cargoes through April, compared to only five…

July 15, 2021
August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

Natural gas futures rebounded early Wednesday, as liquefied natural gas (LNG) levels bounced back and reassured markets of robust export demand. Still, bearish tilts in domestic weather outlooks and estimates for a higher storage injection put downward pressure on futures in afternoon trading. At A Glance: LNG feed gas bounces back Weather outlooks shift cooler…

July 14, 2021
Tellurian Terminates $700M Deal with TotalEnergies for Driftwood LNG

Tellurian Terminates $700M Deal with TotalEnergies for Driftwood LNG

A deal with French supermajor TotalEnergies SE that would have injected up to $700 million into Tellurian Inc.’s planned Driftwood liquefied natural gas (LNG) export facility in Louisiana has fallen through after the project developer failed to meet a key deadline for sanctioning the project. In a filing with the U.S. Securities and Exchange Commission,…

July 12, 2021
IEA Forecasts Steady Growth in U.S. to Mexico Natural Gas Exports

IEA Forecasts Steady Growth in U.S. to Mexico Natural Gas Exports

Recently and soon-to-be completed infrastructure will allow natural gas imports to Mexico from the United States to grow by an estimated 10% over the 2020-2024 period, the International Energy Agency (IEA) said Monday. Gas flows via pipeline to Mexico swelled by 45% between 2016 and 2020, and rose 15% year/year during the first half of…

July 7, 2021
Alaska LNG Project Getting DOE Scrutiny of Upstream, Lifecycle Emissions

Alaska LNG Project Getting DOE Scrutiny of Upstream, Lifecycle Emissions

A long-planned megaproject to export liquefied natural gas (LNG) sourced from Alaska’s North Slope will face additional environmental scrutiny in order to comply with two executive orders from President Biden on climate change, the Department of Energy (DOE) said. DOE said last Friday (July 2) it intends to prepare a supplemental environmental impact statement (SEIS)…

July 7, 2021
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