A roundup of news and commentary from NGI’s LNG Insight
inside
Articles from inside
Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy
American Petroleum Institute (API) President Mike Sommers has sent a letter to U.S. officials expressing the group’s worry that recent actions by the Mexican government are hurting investors in the Mexican energy sector.
Colombia Said Ready to Award Fracturing Pilots in October
Colombia’s National Hydrocarbons Agency (ANH) will award contracts for hydraulic fracturing pilot projects to interested companies by October, according to media reports.
IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021
Although global oil demand is expected to fall by a record 8.1 million b/d in 2020 because of Covid-19, 2021 should be a much different story, the International Energy Agency (IEA) said Tuesday.
Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG
Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.
LNG Imports Down in Latin America from March-May; Reasons Vary by Country
Latin American liquefied natural gas (LNG) imports have dropped significantly since March from the same period last year, but it is unclear to what extent the Covid-19 pandemic has contributed to the decline.
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays
For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.
North Dakota’s Bakken Oil, Gas Production Wilting at Historic Pace
Although Bakken Shale oil and natural gas prices in North Dakota have begun to recover, production continues to plummet at a historic pace, according to Department of Mineral Resources director Lynn Helms.
Appeals Decision Moves Enbridge Line 5 Plans One Step Closer to Completion
Enbridge Inc. has won the second round of its legal battle against fossil fuel foes to keep its 540,000 b/d oil Line 5 across the Straits of Mackinac between Lake Huron and Lake Michigan.
Another Notable Decline for Natural Gas Futures as Heat Holds off, Coronavirus Impacts Endure
Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.