natural gas exports

U.S. Natural Gas Exports to Mexico Dipped in 3Q2022, But Fetched Higher Prices, Says DOE 

U.S. Natural Gas Exports to Mexico Dipped in 3Q2022, But Fetched Higher Prices, Says DOE 

Exports of U.S. natural gas to Mexico by pipeline and truck totaled 536.9 Bcf in the third quarter of 2022, averaging about 5.9 Bcf/d, according to the U.S. Department of Energy (DOE). This was down from 570.7 Bcf or 6.27 Bcf/d during 3Q2021. DOE publishes a quarterly report on U.S. natural gas imports and exports.…

February 6, 2023
FortisBC Secures First Nations Partnership to Advance Tilbury LNG Expansions

FortisBC Secures First Nations Partnership to Advance Tilbury LNG Expansions

FortisBC Holdings Inc. has reached an agreement with the Snuneymuxw First Nation community “to work in close collaboration” on planned expansions of the Tilbury LNG facility in Delta, British Columbia (BC). In operation since 1971, the liquefied natural gas facility added 0.25 mmty (33 MMcf/d) of liquefaction capacity and a 46,000 cubic meter (1 Bcf)…

February 2, 2023
Texas Natural Gas Production Hitting Records as Mexico Ups Supply Needs

Texas Natural Gas Production Hitting Records as Mexico Ups Supply Needs

Mexico’s demand for Texan natural gas is set to rise as new infrastructure projects come to fruition. Along with plans in Mexico to build up to 5 Bcf/d of liquefied natural gas export capacity, state utility Comisión Federal de Electricidad (CFE) also is developing over 7 GW of natural gas-fired power generation by 2025. These…

February 1, 2023
Natural Gas Futures Find Stability; Cash Prices Sustain Momentum

Natural Gas Futures Find Stability; Cash Prices Sustain Momentum

Natural gas futures stabilized on Tuesday, supported by a cold front, eased production and strength in cash markets. Coming off a 17.2-cent drop in its debut as the front month a day earlier, the March Nymex gas futures contract on Tuesday settled at $2.684/MMBtu, up seven-tenths of a cent day/day. April rose 1.0 cent to…

February 1, 2023
South Texas Port Caps Record Year; LNG Growth Seen Continuing Despite Recession Headwinds

South Texas Port Caps Record Year; LNG Growth Seen Continuing Despite Recession Headwinds

Fresh off another record quarter, the Port of Corpus Christi in South Texas solidified a banner year in which tonnage reached new heights as demand soared for refined products and crude oil, along with LNG exports. The port achieved a new annual tonnage record of 187.9 million tons – a 12% increase over 2021 volumes,…

January 26, 2023
Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural gas futures traded in a narrow range much of Friday, ultimately culminating another sluggish week with a loss amid mild weather and elevated production levels. The February Nymex gas futures contract settled at $3.174/MMBtu, down 10.1 cents day/day. March lost 8.8 cents to $3.036. At A Glance: Prompt month sheds 10 cents Heating demand…

January 20, 2023
February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February natural gas futures fell a second consecutive day after an anemic storage print – and expectations for more ahead – punctuated supply/demand imbalance concerns and weighed on prices. The February Nymex contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March eked out a 1.3-cent gain to $3.124. NGI’s Spot…

January 20, 2023
North American Natural Gas Prices Slumping as Cross-Border Market ‘Gaining Dynamism’ – Mexico Spotlight

North American Natural Gas Prices Slumping as Cross-Border Market ‘Gaining Dynamism’ – Mexico Spotlight

North American natural gas prices continued to be pressured lower toward the $3.00/MMBtu mark this week as U.S. production remained strong amid warmer than usual temperatures. On Thursday, the February New York Mercantile Exchange contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March managed a 1.3-cent gain to $3.124. Mexico…

January 19, 2023
With Eye on LNG Exports, Kinder Morgan Sanctions 2 Bcf/d Louisiana Natural Gas Pipeline

With Eye on LNG Exports, Kinder Morgan Sanctions 2 Bcf/d Louisiana Natural Gas Pipeline

Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.’s Plaquemines LNG export facility. In a call with investors on Wednesday to discuss 3Q2022 earnings, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline Pass…

January 19, 2023
Bolivia Fading as Natural Gas Exporter to South America

Bolivia Fading as Natural Gas Exporter to South America

Bolivian gas was once the beating heart of South America’s natural gas production, with powerhouse neighbors Argentina and Brazil relying on the landlocked country’s pipeline shipments to keep the lights on. But this is seen coming to an end. Bolivian gas production will decline more rapidly than expected, falling from 1.4 Bcf/d in 2022 to…

January 17, 2023
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