natural gas exports

Hurricane Ian, Nord Stream Attacks, Recession Fears Punctuate Week in Natural Gas – Mexico Spotlight

Hurricane Ian, Nord Stream Attacks, Recession Fears Punctuate Week in Natural Gas – Mexico Spotlight

North American natural gas prices continued on the downward swing this week as Hurricane Ian pummeled the U.S. state of Florida and markets braced for a potential economic slowdown. The October Nymex natural gas futures contract edged up 21.7 cents on Wednesday, its final day as prompt month, to expire at $6.868/MMBtu. On Thursday, November…

September 29, 2022
Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. At A Glance: Futures slip below $7 handle…

September 23, 2022
Natural Gas Futures, Cash Prices Drop as Shoulder Season Arrives

Natural Gas Futures, Cash Prices Drop as Shoulder Season Arrives

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

September 23, 2022
Stabilis Working to Reach Overseas Customers with Small-Scale LNG After DOE Approval

Stabilis Working to Reach Overseas Customers with Small-Scale LNG After DOE Approval

The U.S. Department of Energy has authorized small-scale LNG provider Stabilis Solutions Inc. to export the super-chilled fuel across the world.  Stabilis has been cleared to export 51.75 Bcf of liquefied natural gas annually, or 140 MMcf/d, for a term of 28 years until Dec. 31, 2050.  “The DOE’s approval provides us with the ability…

September 22, 2022
October Natural Gas Futures Extend Losing Streak; Cash Prices Called Lower

October Natural Gas Futures Extend Losing Streak; Cash Prices Called Lower

Natural gas futures gave up more ground Tuesday despite a bout of near-term heat and a drop in production, extending to four days a string of consecutive losses. The October Nymex gas futures contract shed 3.5 cents day/day and settled at $7.717/MMBtu. November fell 3.2 cents to $7.772. NGI’s Spot Gas National Avg. on Tuesday…

September 21, 2022
Natural Gas Futures, Cash Prices Trade Sideways Amid Strong Demand

Natural Gas Futures, Cash Prices Trade Sideways Amid Strong Demand

Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…

September 20, 2022
Natural Gas Futures Fall Further as Market Braces for Potential Triple-Digit Storage Injection

Natural Gas Futures Fall Further as Market Braces for Potential Triple-Digit Storage Injection

Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…

September 16, 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
NGI’s LNG Insight Includes Key Henry Hub Indexes Amid Global Natural Gas Volatility

NGI’s LNG Insight Includes Key Henry Hub Indexes Amid Global Natural Gas Volatility

As individual natural gas markets around the world become more integrated, thanks to the rise of LNG exports, U.S. natural gas price data have become an important tool in determining which way the trade winds are blowing. As a result, NGI has begun publishing its two key Henry Hub natural gas spot market prices on…

September 15, 2022
Repsol Eyeing 300 MMcf/d in LNG Exports from New Brunswick in Updated Application

Repsol Eyeing 300 MMcf/d in LNG Exports from New Brunswick in Updated Application

An opening regulatory move has been made toward building a Canadian LNG export terminal on the east coast by the New Brunswick arm of Spain’s Repsol SA, but natural gas deliveries are years away. The plan by Saint John LNG Development Co. (SJLNG) aims for initial exports of 300 MMcf/d, or only 40% of the…

September 15, 2022
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