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Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Amid a global energy crunch, Mexico is set to go all in on natural gas with numerous public-private projects announced over the past week. Speaking at the launch of the Olmeca refinery in Dos Bocas, Comisión Federal de Electricidad (CRE) head Manuel Bartlett said the utility would partner with the local subsidiary of Canada’s TC…

July 5, 2022
Shunning Russia, Western Europe Reviving Offshore Natural Gas Projects

Shunning Russia, Western Europe Reviving Offshore Natural Gas Projects

Germany, The Netherlands, Germany and the UK have each reversed decisions to decrease oil and natural gas development in the wake of Russia’s war on Ukraine, supporting the need to reduce dependence on fossil fuel imports. Russia’s Gazprom PJSC in late May said it planned to discontinue supplying the Netherlands with gas after Dutch wholesaler…

June 24, 2022
Freeport LNG Out for Months, Stranding 2 Bcf/d and Rattling Global Markets

Freeport LNG Out for Months, Stranding 2 Bcf/d and Rattling Global Markets

Freeport LNG Development LP said Tuesday it does not expect its Texas export facility to be fully repaired for months after an explosion knocked the plant offline last week. The company is now targeting late 2022 for a return to full service instead of the initial guidance of three weeks. Given that the explosion and…

June 14, 2022
Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s president said Saturday he hopes for construction of the Jaltipán-Salina Cruz natural gas pipeline to be complete within a year at the most. The proposed 500 MMcf/d pipeline would span the Tehuantepec Isthmus, from Chinameca, Veracruz, to Salina Cruz, Oaxaca, where the government is planning a 3 million metric tons/year floating liquefied natural gas…

June 13, 2022
Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

The potential Canadian entry into liquefied natural gas (LNG) markets estimated it could need 2,500 Montney Shale wells to fill export facilities on the northern Pacific coast of British Columbia (BC). In the first 20 years of exports, NorthRiver Midstream NEBC Connector GP Inc. estimated the new drilling could spawn 313 kilometers (188 miles) of…

June 10, 2022
Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

A fire at the Freeport liquefied natural gas (LNG) export terminal in Texas on Wednesday shut down the facility for at least three weeks and had immediate impacts on natural gas pricing across the globe. With New York Mercantile Exchange July natural gas futures early in the week making their way to $10.00/MMBtu, the incident…

June 9, 2022
Market Said Pricing in Extended Freeport LNG Downtime as Natural Gas Futures Continue Slide

Market Said Pricing in Extended Freeport LNG Downtime as Natural Gas Futures Continue Slide

With the market continuing to assess the potential demand destruction from an explosion at a major U.S. export terminal, natural gas futures continued to tumble in early trading Thursday.  The July Nymex contract was down 34.4 cents to $8.355/MMBtu as of around 8:50 a.m. ET. The July contract had advanced beyond the $9.60 mark Wednesday…

June 9, 2022
LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

Imports of liquefied natural gas (LNG) in South America are down sharply this year amid market volatility and a resurgence of hydropower in Brazil, while pipeline gas imports to Mexico have held relatively firm. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed in South America this year…

June 8, 2022
Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico President Andrés Manuel López Obrador on Friday touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 6, 2022
CNX, Pittsburgh Airport to Showcase Natural Gas Aviation Potential with Utica Project

CNX, Pittsburgh Airport to Showcase Natural Gas Aviation Potential with Utica Project

Pittsburgh International Airport, known to fliers by the three-digit code PIT, is stepping up its natural gas development partnership with Appalachian Basin-focused independent CNX Resources Corp. PIT and CNX earlier this month launched another phase of their public-private partnership. It currently includes a revenue-sharing deal for CNX-operated Marcellus Shale wells on airport property and a…

May 27, 2022
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