Exports

Mexico’s government unveiled its long-awaited infrastructure investment plan on Monday including a liquefied natural gas (LNG) export project set for Salina Cruz on the Pacific Coast. Worth around $14 billion, the list of 39 projects is meant to jumpstart the ailing economy and also opens space for the private sector to participate in key national…

Ukraine has so much natural gas in storage that it could export its own supplies to other European nations this winter, the country’s transmission system operator said this week.  Ukrtransgaz JSC, which manages the largest storage capacity available in Europe, said it entered October with about 28 billion cubic meters (Bcm) of natural gas in…

The heightened uncertainty plaguing gas markets so far in 2020 because of Covid-19 is expected to carry through the winter season, but a bright spot is emerging for the United States as liquefaction is expected to resume full operations by November with growing demand in Europe and Asia. In a webinar Thursday discussing the outlook…

Government intervention and free markets will be necessary to grow global liquefied natural gas (LNG) demand in the next decade and provide markets for U.S. gas producers, according to industry executives. Cheniere Energy Inc.’s Anatol Feygin, chief commercial officer of the largest U.S. LNG exporter, said at the recent Gastech Virtual Summit that the Houston…

A potential natural gas pipeline hooking up Argentina’s Vaca Muerta shale formation to southern Brazil will cost about $5 billion and “pose financial challenges,” according to Buenos Aires-based Wood Mackenzie. “Southern Brazil remains the most attractive regional market for potential excess gas production from Argentina,” Wood Mackenzie principal Ignacio Rooney told NGI’s Shale Daily. However,…

Reduced natural gas drilling in the United States has surprisingly caused European and Asian LNG prices to quickly surge, said Tellurian Inc. chairman and liquefied natural gas (LNG) pioneer Charif Souki during an interview with Columbia University this week. “America sneezes and the rest of the world catches a cold,” Souki said in a podcast…

U.S. liquefied natural gas (LNG) exports will likely reach capacity of roughly 10 Bcf/d by the winter after dropping to about 30% of capacity in July because of the demand devastation caused by Covid-19, analysts told NGI this week. Some analysts see capacity ramping through the end of the year, while others expect a sharp…

The Covid-19 pandemic dealt a substantial blow to Mexico’s natural gas demand between April and July, according to the U.S. Energy Information Administration (EIA). Gas consumption in Mexico averaged 8.2 Bcf/d during the period, down 5% or 0.5 Bcf/d from the same span last year, EIA said last Thursday, citing data from Genscape Inc. The…

U.S. liquefied natural gas (LNG) exports fell by 23.2% in June compared to the same month last year, their first year/year (y/y) decline since January 2016, according to the latest monthly data compiled by the Energy Information Administration (EIA). Total natural gas exports dropped by 6.1% to 11.3 Bcf/d, the first annual decline for any…