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‘Up, Up and Away!’ for Natural Gas Prices as Ida Seen Landing East of LNG Interests

‘Up, Up and Away!’ for Natural Gas Prices as Ida Seen Landing East of LNG Interests

Following through on the previous session’s prodigious rally and then some, natural gas futures soared early Friday as traders contemplated tight balances and a potential major Gulf Coast hurricane. The expiring September Nymex contract was up 18.0 cents to $4.364/MMBtu at around 8:45 a.m. ET. October was up 17.2 cents to $4.383. At 8 a.m.…

August 27, 2021
Indigenous Partnerships Proving Vital to Canada’s Natural Gas Development

Indigenous Partnerships Proving Vital to Canada’s Natural Gas Development

By combining natural gas growth with native economic ambitions, Canada’s natural gas industry is trying out a formula for an environmental, social and governance investment standard that caters to stakeholder demands. A trio of British Columbia (BC) liquefied natural gas (LNG) projects, seeking total exports of as much as 2.76 Bcf/d, is employing cooperation with…

August 23, 2021
COLUMN: Mexico Isthmus Project is Loved by Politicians, but Rife with Complications

COLUMN: Mexico Isthmus Project is Loved by Politicians, but Rife with Complications

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. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Mexican politicians have…

August 20, 2021
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
Production, LNG Said Supportive as Natural Gas Futures Rebound in Early Trading

Production, LNG Said Supportive as Natural Gas Futures Rebound in Early Trading

After heavy selling last week, natural gas futures bounced back somewhat in early trading Monday as analysts pointed to supportive export and production data. The September Nymex contract was up 5.0 cents to $3.911/MMBtu at around 8:50 a.m. ET. With the weather outlook “largely unchanged” compared to previous expectations, analysts at EBW Analytics Group pointed…

August 16, 2021
Downward Pressure Continues on Natural Gas Futures as Market Mulls ‘Whipsaw’ EIA Data

Downward Pressure Continues on Natural Gas Futures as Market Mulls ‘Whipsaw’ EIA Data

Natural gas futures continued to slide in early trading Friday as the market mulled evidence of a looser supply/demand balance in the latest government inventory data. Coming off a 12.6-cent sell-off in the previous session, the September Nymex contract was down another 3.9 cents to $3.894/MMBtu at around 8:50 a.m. ET. The Energy Information Administration…

August 13, 2021
Mexico ECA LNG Development Advancing to 2024 Start Date

Mexico ECA LNG Development Advancing to 2024 Start Date

San Diego-based Sempra is advancing plans to expand the Energia Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico, CEO Jeffrey Martin said during a recent earnings call. Subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) late last year sanctioned the 3.25 million metric ton/year (mmty) ECA LNG Phase 1 liquefaction project. The…

August 10, 2021
Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Pipeline Corp. laid the foundation for potential future growth by securing three partnerships, described as “significant and transformational,” during the first six months of this year. Among the partnerships is a venture with TC Energy Corp. called Alberta Carbon Grid into carbon capture, utilization and storage (CCUS). The Calgary-based pipeline companies proposed building a…

August 9, 2021
Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Rising construction costs are likely to give brownfield liquefied natural gas (LNG) projects an extra advantage over greenfield sites as planned developments move toward sanction, Sempra CEO Jeff Martin said Thursday. “Greenfield projects tend to have a little bit of a higher per-unit cost than brownfield projects, Martin said during the 2Q2021 earnings call. “This…

August 6, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021