natural gas exports

September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag

September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag

Natural gas futures faltered on Friday as traders took profits and markets focused on a near-term shift in weather that is expected to usher in a reprieve from the oppressive heat that has defined the summer to date over much of the Lower 48.   The September Nymex contract dropped 14.5 cents day/day and settled at…

July 30, 2021
As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed…

July 23, 2021
Steamy Summer Weather, Producer Discipline Drive Stout Gains for Natural Gas Forward Prices

Steamy Summer Weather, Producer Discipline Drive Stout Gains for Natural Gas Forward Prices

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 22, 2021
Natural Gas Projects Spurring Industrialization Opportunities in Southern Mexico, Central America

Natural Gas Projects Spurring Industrialization Opportunities in Southern Mexico, Central America

Economic analysts, Mexican President Andrés López Obrador and U.S. Vice President Kamala Harris have all said that liquefied natural gas (LNG) could fuel an industrial boom in southern Mexico and Central America and lead to prosperity. Central America, with its population of some 44 million, has four natural gas projects, each valued at some $1…

July 22, 2021
Kinder Morgan 2Q Earnings Slip into Red on Massive South Texas Impairment, but Macro Outlook ‘Bullish’

Kinder Morgan 2Q Earnings Slip into Red on Massive South Texas Impairment, but Macro Outlook ‘Bullish’

South Texas proved to be a sore spot for Kinder Morgan Inc. (KMI), as the company’s 2Q2021 earnings took a hit during an otherwise strong period in which the midstream giant made two substantial purchases. Houston-based KMI recorded a $1.6 billion, non-cash impairment related to anticipated lower volumes and rates on contract renewals on its…

July 22, 2021
Quebec Quashes Energie Saguenay LNG Terminal on Environmental Grounds

Quebec Quashes Energie Saguenay LNG Terminal on Environmental Grounds

Quebec upheld its reputation as no-go territory for fossil fuel projects Wednesday by denying environmental approval for a US$10.6 billion liquefied natural gas (LNG) export plan. GNL Quebec’s proposed Energie Saguenay terminal and Gazoduq pipeline failed to prove it would cut global greenhouse gas emissions, provincial Environment Minister Benoit Charette said in announcing the rejection.…

July 22, 2021
Mexico Demand Helping Drive U.S. Natural Gas Price Rally

Mexico Demand Helping Drive U.S. Natural Gas Price Rally

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico and capital discipline by upstream producers all have…

July 21, 2021
Natural Gas Futures Surge a Third Straight Day; Cash Rallies

Natural Gas Futures Surge a Third Straight Day; Cash Rallies

Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. Tuesday’s trading lifted the prompt month to…

July 21, 2021
Topaz Boosts Montney Stakes with Tourmaline Royalty Deal

Topaz Boosts Montney Stakes with Tourmaline Royalty Deal

Lured by liquids-rich natural gas and growth prospects, Topaz Energy Corp. has snagged a share in Tourmaline Oil Corp.’s production from the Montney Shale in northeastern British Columbia (BC) for C$145 million ($116 million). The deal announced Thursday gives Topaz 4% royalty interests in gas and 2.5% in liquids tapped by larger player Tourmaline Oil…

July 16, 2021
Mexico Natural Gas Demand Stayed Buoyant Through Pandemic, Part of Larger Global Trend, Says BP

Mexico Natural Gas Demand Stayed Buoyant Through Pandemic, Part of Larger Global Trend, Says BP

Natural gas demand in Mexico stayed resilient through pandemic-ravaged 2020 compared to total energy demand, in line with trends seen globally, according to BP plc. Mexico’s natural gas consumption dipped only 1.9% year/year to 3.11 exajoules in 2020, while the country’s total primary energy consumption plunged 14.2% to 6.48 exajoules, according to BP’s Statistical Review…

July 12, 2021
‹ Previous 1 2 3 5