imports/exports

Natural Gas Futures Stumble, but Decline Seen as ‘Noise’; Cash Drops

Natural Gas Futures Stumble, but Decline Seen as ‘Noise’; Cash Drops

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

April 28, 2022
AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

Mexico President Andrés Manuel López Obrador said a natural gas pipeline connecting the Atlantic and Pacific coasts is set to go ahead. The 320 MMcf/d Jaltipán-Salina Cruz pipeline would cross the Isthmus of Tehuantepec, the narrowest strip of land in Mexico, between the two coasts. “A gas pipeline in the isthmus is planned to transport…

August 17, 2021
U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

April 20, 2021
Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.  These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…

April 19, 2021
Canada Natural Gas Exports in U.S. Fall Sharply in 2020 on Lower Prices, Demand

Canada Natural Gas Exports in U.S. Fall Sharply in 2020 on Lower Prices, Demand

Canadian natural gas export volumes and revenues both shrank last year, according to trade records compiled by the Canada Energy Regulator (CER). Pipeline deliveries to the United States dropped by 8% to 6.8 Bcf/from 7.4 Bcf/d in 2019. Canadian gas export revenues plunged by 24% to C$6.9 billion ($5.5 billion) last year from C$9.1 billion…

March 30, 2021
Abbott Nixes Gas Exports Outside of Texas as Mexico Already Facing Cold-Induced Supply Crunch

Abbott Nixes Gas Exports Outside of Texas as Mexico Already Facing Cold-Induced Supply Crunch

A clearer picture was emerging on Wednesday of a massive natural gas shortage facing Mexico amid the extreme cold gripping Texas, Mexico’s main source for the fuel. The supply shortfall was punctuated by a late-breaking announcement Wednesday from Texas Gov. Greg Abott that he was prohibiting the sale of natural gas produced in Texas outside…

February 17, 2021
Kinder Morgan Sees LNG at Center of Midstream Expansions

Kinder Morgan Sees LNG at Center of Midstream Expansions

Kinder Morgan Inc. (KMI) continued to improve its balance sheet in the final three months of 2020, but the company is toeing the line when it comes to spending this year, focusing on projects supporting the rampant growth in exports. Speaking during a conference call Wednesday, CEO Steven Kean said 2020 “has shown us how…

January 21, 2021
Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico’s natural gas market has made tremendous strides in recent years, but more connectivity and independent price indexes are needed, according to some of the country’s most important pipeline operators and trading houses. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed the state of the Mexican market with a group of experts…

January 20, 2021
Higher North American Natural Gas Prices Forecast in 2021 as Demand Outpaces Production

Higher North American Natural Gas Prices Forecast in 2021 as Demand Outpaces Production

Increased industrial energy use, coupled with strong ongoing demand for liquefied natural gas (LNG) exports, could more than offset a gradual rise in production and drive U.S. natural gas prices this year well above the level at which they finished a pandemic-plagued 2020, according to industry experts. A similarly bullish outlook can be expected for…

January 11, 2021
Natural Gas Prices Projected to Jump in 2021 on Strong Export Demand, Moderate Production

Natural Gas Prices Projected to Jump in 2021 on Strong Export Demand, Moderate Production

Increased domestic industrial energy use, coupled with strong and ongoing demand for U.S. exports, could more than offset a gradual rise in production and drive natural gas prices this year well above the level at which they finished a pandemic-plagued 2020, analysts and industry insiders say. Analysts at Raymond James and Associates Inc. estimated gas…

January 7, 2021
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