natural gas exports

Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

From British Columbia (BC) to the Gulf of Mexico, accelerating global trade in liquefied natural gas (LNG) has emerged as the growth driver for the Enbridge Inc. pipeline network, CEO Al Monaco said. “It’s clear we are at an inflection point in global energy markets,” Monaco said in delivering 1Q2022 results. “Demand continues to grow,…

Sempra is seeking to expedite development of its proposed Vista Pacifico liquefied natural gas (LNG) export project envisioned for Mexico’s Pacific coast, according to CEO Jeffrey Martin. The project, if sanctioned, would have liquefaction capacity of 3-4 million metric tons/year (mmty), and would source natural gas from the Permian Basin. During a call to discuss…

Natural gas futures flirted early with a loss for the first time this week on the heels of a bearish storage report but quickly turned a corner and rallied again on Thursday as traders fixated on supply/demand imbalances. The June Nymex gas futures contract settled at $8.783/MMBtu, up 36.8 cents day/day. July rose 36.9 cents…

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

U.S. liquefied natural gas (LNG) growth outpaced all other supply additions across the world last year by a wide margin, according to an annual report released by the International Group of LNG Importers (GIIGNL) this week.  U.S. exports reached 67 million tons (Mt) in 2021, up by 49.8% or 22.3 Mt from the prior year.…

North American natural gas prices charged ahead this week amid worries over longer term supplies. In Mexico, meanwhile, natural gas demand is growing despite the higher prices. On Wednesday, the June New York Mercantile Exchange gas futures contract jumped 46.1 cents day/day and settled at $8.415/MMBtu. July rose 44.7 cents to $8.472. “U.S. production underwhelming,…

The management team for Comstock Resources Inc., the largest exploration and production (E&P) firm focused on the gassy Haynesville Shale, on Tuesday signaled it would consider taking stakes in a liquefied natural gas (LNG) export facility. Citing the Haynesville’s proximity to Gulf Coast LNG export terminals, CEO Jay Allison told analysts during a call to…