Exports

Mexican business chamber Confederación Patronal de la República (Coparmex) has issued a statement warning that Mexican energy policy as outlined in a memorandum from President Andrés Manuel López Obrador to energy sector regulators is damaging to investor confidence at a time when the country desperately needs to jumpstart economic activity. Mexico’s gross domestic product (GDP)…

Down sharply from a peak of 8.0 Bcf/d in January, U.S. exports of liquefied natural gas (LNG) fell sharply to average just 3.1 Bcf/d in July, according to figures published Tuesday by the Energy Information Administration (EIA). The 3.1 Bcf/d of exports averaged in July roughly matches the volume exported in May 2018, when total…

Global natural gas markets moved closer together last week with leading benchmarks posting significant gains as the outlook is seen improving. Henry Hub gas for September delivery jumped 33.5 cents week/week to average $2.090/MMBtu on Friday, while the prompt contract at the Dutch Title Transfer Facility (TTF) and the UK’s National Balancing Point both gained…

Federal agencies including FERC have been using outdated technical standards for permitting liquefied natural gas (LNG) export facilities, an issue that could compromise safety, according to a government watchdog. The Government Accountability Office (GAO) said in a report published Thursday the Federal Energy Regulatory Commission, the Pipeline and Hazardous Materials Safety Administration (PHMSA) and the…

Cheniere Energy Inc. reported a big boost from customers that elected to cancel liquefied natural gas (LNG) cargoes in the second quarter, earning $708 million in fixed fees from those opting out of lifting scheduled volumes.  In the first quarter, the Houston operator earned $53 million in revenue associated with canceled cargoes. The 2Q2020 revenue…

With phase one of the Cameron, LA, liquefied natural gas (LNG) export project now complete, top executives at San Diego-based Sempra Energy on Tuesday talked bullishly about natural gas, as well as the future prospects for hydrogen. CEO Jeff Martin said during a quarterly conference call the Cameron export facility was “substantially completed,” with commercial…

Pipeline natural gas exports from the United States to Mexico averaged 5.3 Bcf/d during the first quarter, up from 4.8 Bcf/d in the year-ago period, according to the U.S. Department of Energy’s (DOE) latest quarterly report on the gas trade balance. Mexico accounted for 64.6% of total pipeline gas exports, with the other 35.4% going…

U.S. natural gas prices have surged this week, breaking out of a narrow trading range with the largest single-day increase in more than 18 months and pushing up other benchmarks across the world. A day after Henry Hub jumped 30 cents to finish at $2.10, the September contract gained another 9.2 cents to finish at…

Both sides lost ground in the natural gas trade between Canada and the United States as emergency responses to the Covid-19 pandemic eroded economies during the first quarter of this year, according to the U.S. Department of Energy (DOE). Canada fared worst, based on the latest trade scorecard compiled by the DOE’s Division of Natural…