A Marathon Petroleum Corp. (MPC) subsidiary has asked FERC for a three-year extension to transform the Kenai LNG export facility in Alaska to an import terminal. Trans-Foreland Pipeline Co. LLC cited the Covid-19 pandemic, disruptions in the global energy market caused by Russia’s war in Ukraine and an unstable liquefied natural gas (LNG) market in…
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U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA
U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…
Power Outages Hit Mexico as U.S. Natural Gas Prices Reach Historic Highs
Unprecedented cold weather across the United States continued to disrupt energy markets on both sides of the border Tuesday as power outages hit Mexico for a second straight day. Mexico’s electric power operator Centro Nacional de Control de Energía (Cenace) said 2,200 MW of power was still offline in the northern states of Chihuahua, Coahuila,…
COLUMN: 2021 to See More Natural Gas Imports, Political Risk in Mexico
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…
Mexico Natural Gas Demand Dips 5% During April-July as Covid-19 Batters Tourism Industry
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…
USMCA Takes Effect, Guaranteeing Zero-Tariff Trade in North America for U.S. Energy Producers
Officials in Mexico, the United States and Canada celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after two years of negotiations. “USMCA will support and grow North American energy security by maintaining zero-tariff trade for crude oil, gasoline, kerosene-type jet fuel…
Mexico Facing ‘Perfect Storm’ on Reduced Natural Gas Production, Pipeline Imports
Concern is growing in Mexico over supplies of natural gas to industry, and the leader of the powerful lobby of Monterrey industrialists, Juan Ignacio Garza, told the daily Reforma last week that “a perfect storm” is brewing in the country.
Shell’s Cracker Project Progressing After Administration Waives Steel Quota
Shell Chemical Appalachia LLC can continue constructing its multi-billion dollar ethane cracker in western Pennsylvania without delay after the Trump administration last week eased restrictions on imported steel from South Korea, Argentina and Brazil.
May Natural Gas Imports to Mexico Averaged 5.15 Bcf/d, Sener Says
Natural gas imports into Mexico grew 6.3% year/year (y/y) in May as pipeline shipments and liquefied natural gas (LNG) continued to make up for declining domestic output, according to the latest official data.
Mexico Natural Gas Imports Continued Double-Digit Growth in April
Mexican natural gas imports averaged 5.07 Bcf/d in April, up 13.2% year/year (y/y), according to the latest Energy Ministry (Sener) data.