natural gas exports

Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Natural gas futures were trading close to even early Friday amid no major changes to the weather outlook overnight, while analysts continued to mull the implications of the latest government inventory data. The May Nymex contract was up 1.2 cents to $2.534/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday…

April 9, 2021
U.S. Natural Gas Pipeline Exports to Mexico Set to Crest This Summer

U.S. Natural Gas Pipeline Exports to Mexico Set to Crest This Summer

Mexico is expected to see record imports of piped natural gas from the United States this summer as the economy recovers from the impacts of the coronavirus. Energy Aspects analysts forecast cross-border flows from the United States to Mexico this summer would average 6.3 Bcf/d, up 800 MMcf/d year/year, as demand rebounds on Mexico’s national…

April 6, 2021
Canada Natural Gas Exports in U.S. Fall Sharply in 2020 on Lower Prices, Demand

Canada Natural Gas Exports in U.S. Fall Sharply in 2020 on Lower Prices, Demand

Canadian natural gas export volumes and revenues both shrank last year, according to trade records compiled by the Canada Energy Regulator (CER). Pipeline deliveries to the United States dropped by 8% to 6.8 Bcf/from 7.4 Bcf/d in 2019. Canadian gas export revenues plunged by 24% to C$6.9 billion ($5.5 billion) last year from C$9.1 billion…

March 30, 2021
Canceled Annova LNG Export Project Signals Potential Headwinds for U.S. FIDs

Canceled Annova LNG Export Project Signals Potential Headwinds for U.S. FIDs

The sponsors of the planned Annova liquefied natural gas (LNG) export project in South Texas have called quits on the development, citing changes in the global market. Annova disclosed the “immediate discontinuation” of the 6.5 million metric tons/year (mmty) export project in a letter filed Monday with FERC. The letter asked the Federal Energy Regulatory…

March 23, 2021
Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

After losing nearly C$1.3 billion ($975 million) on the aborted Keystone XL (KXL) oil export pipeline project, Alberta, Canada’s top fossil fuel-producing province, also stands braced for more lean years on oversupplied North American natural gas markets. The toll taken by the Covid-19 pandemic, energy commodity surpluses and a bad bet on the U.S. presidential…

February 26, 2021
‘ERCOT Failed Texas,’ says Abbott, Vowing to Reform Grid Operator Following Cold Weather Debacle

‘ERCOT Failed Texas,’ says Abbott, Vowing to Reform Grid Operator Following Cold Weather Debacle

Texas Gov. Greg Abbott blasted the Electric Reliability Council of Texas (ERCOT) on Thursday, saying the independent system operator “failed the people of Texas” during an extended cold snap this week. Some 325,000 customers remained without power as of an afternoon press briefing in which Abbott pledged to reform ERCOT to prevent a repeat of…

February 18, 2021
Natural Gas Flows from Texas to Mexico Taking Hit, but Worst Appears to be Over

Natural Gas Flows from Texas to Mexico Taking Hit, but Worst Appears to be Over

Despite a Wednesday evening order from Texas Gov. Abbott to prioritize in-state consumption, natural gas continued to flow from Texas to Mexico Thursday, albeit at reduced levels. Scheduled deliveries of piped gas to Mexico from Texas hit 1.6 Bcf/d Thursday, up from 1.3 Bcf/d on Wednesday and 1.1 Bcf/d on Tuesday. Typical export volumes from…

February 18, 2021
Abbott Nixes Gas Exports Outside of Texas as Mexico Already Facing Cold-Induced Supply Crunch

Abbott Nixes Gas Exports Outside of Texas as Mexico Already Facing Cold-Induced Supply Crunch

A clearer picture was emerging on Wednesday of a massive natural gas shortage facing Mexico amid the extreme cold gripping Texas, Mexico’s main source for the fuel. The supply shortfall was punctuated by a late-breaking announcement Wednesday from Texas Gov. Greg Abott that he was prohibiting the sale of natural gas produced in Texas outside…

February 17, 2021
Uncertainty Overshadows Global Natural Gas Recovery as Winter Nears End

Uncertainty Overshadows Global Natural Gas Recovery as Winter Nears End

Global natural gas demand is expected to bounce back to pre-pandemic levels this year, but the recovery is likely to be uneven and growth could be weak even after demand soared amid a historic cold snap this winter.  “We opened the year with this very strong bull run in Asia, which I would say was…

February 12, 2021
Tale of Two Neighbors During Covid as U.S. Natural Gas Exports Grow, Canada’s Shrink

Tale of Two Neighbors During Covid as U.S. Natural Gas Exports Grow, Canada’s Shrink

Covid-19 shrank Canadian natural gas exports while American sales abroad grew despite the pandemic by reaching multiple international markets in the first nine months of 2020, according to the latest trade scorecard by the U.S. Department of Energy (DOE). U.S. exports increased by 12.4% to a new high, almost double the Canadian volumes. Canadian exports…

February 2, 2021
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