natural gas demand

CFE, Engie Expanding Mayakan Natural Gas Pipeline in Mexico’s Southeast

CFE, Engie Expanding Mayakan Natural Gas Pipeline in Mexico’s Southeast

Mexico’s Comisión Federal de Electricidad (CFE) has signed yet another deal with a private sector firm to increase natural gas transport in the country. This time it’s with French company Engie SA. The two firms will work together to expand capacity on the 483-mile, 250 MMcf/d Mayakan pipeline, in the Yucatán Peninsula. The Engie trunkline…

November 29, 2022
North American Natural Gas Consumption Still Seen Strong at Mid-Century

North American Natural Gas Consumption Still Seen Strong at Mid-Century

North America in 2050 is likely to remain “heavily reliant” on natural gas, creating a hurdle in the transition to net-zero carbon emissions, according to experts Renewables in the United States and Canada overall are forecast to comprise “only 34% of primary energy consumption” by mid-century, DNV researchers said in their report, Energy Transition Outlook…

October 27, 2022
Triple-Dip La Niña to Intensify Drought, Deliver Northern Deep Freeze and Drive Natural Gas Demand, Says NOAA

Triple-Dip La Niña to Intensify Drought, Deliver Northern Deep Freeze and Drive Natural Gas Demand, Says NOAA

Harsh winter freezes could propel natural gas across large swaths of the northern United States this winter, while unrelenting drought conditions in the West could result in weaker hydropower and drive more gas demand for cooling in California and the Southwest next spring when temperatures rise. Across most of the southern United States, however, winter…

October 20, 2022
Mexico Regulator Sees Marginal Natural Gas Production Growth Through 2028

Mexico Regulator Sees Marginal Natural Gas Production Growth Through 2028

Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

October 5, 2022
‘Comeback Story’ for U.S. Natural Gas, but Winter Price Pressures Said to Clash with Increased Production

‘Comeback Story’ for U.S. Natural Gas, but Winter Price Pressures Said to Clash with Increased Production

The United States could see increased upward pressure on natural gas prices compared with last winter, as cold weather and surging demand threaten to offset production gains, according to the National Gas Supply Association’s (NGSA) Winter Outlook. In the forecast presented Wednesday, NGSA Chairman David Attwood, who is an ExxonMobil vice president, touted the “comeback…

October 5, 2022
Shifting Supply/Demand Balances Send Natural Gas Futures Tumbling Below $6.50

Shifting Supply/Demand Balances Send Natural Gas Futures Tumbling Below $6.50

Natural gas futures plummeted on Monday, with a plethora of weak market signals – including the potential for five straight triple-digit storage injections – sending November prices as much as 46 cents below Friday’s close. The November Nymex contract ultimately settled Monday at $6.470/MMBtu, down 29.6 cents. Spot gas prices recovered on Monday, led by…

October 3, 2022
U.S. Rail Strike Possibility Leads to Huge Swings in Natural Gas Prices – Mexico Spotlight

U.S. Rail Strike Possibility Leads to Huge Swings in Natural Gas Prices – Mexico Spotlight

The October Nymex natural gas futures contract spiked 83.0 cents day/day on Wednesday to surge above $9.00/MMBtu. It then plummeted back to earth on Thursday as rumors of a potential railway workers strike faded in the United States. The news “that a strike has likely been averted triggered the start of selling early this morning,…

September 15, 2022
October Natural Gas Futures Eke Out Another Price Gain Friday

October Natural Gas Futures Eke Out Another Price Gain Friday

Natural gas prices hovered in a narrow range of modest gains and losses Friday before ultimately finishing in positive territory, as traders assessed cooler near-term weather patterns and mounting production against lingering storage deficits.   The October Nymex gas futures contract settled at $7.996/MMBtu, up 8.1 cents day/day. It marked a second consecutive advance. November rose…

September 12, 2022
Natural Gas Futures Forge Ahead, but Sustained September Momentum Proves Elusive

Natural Gas Futures Forge Ahead, but Sustained September Momentum Proves Elusive

Natural gas prices hovered in a narrow range of modest gains and losses Friday before ultimately finishing in positive territory, as traders assessed cooler near-term weather patterns and mounting production against lingering storage deficits.   At A Glance: Weather demand forecast to wane ‘Fear’ lingers about threat to exports Production holds near 2022 high The October…

September 9, 2022
Natural Gas Futures Recede on Milder Temps, Production Strength; More Cali Cash Premiums

Natural Gas Futures Recede on Milder Temps, Production Strength; More Cali Cash Premiums

As traders continued to read the tea leaves on winter supply dynamics both at home and abroad, a combination of fading weather-driven demand and strong production saw natural gas futures tumble in the market’s return from the Labor Day holiday. Extending a 47.6-cent sell-off leading into Labor Day Weekend, the October Nymex contract plunged another…

September 6, 2022
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