natural gas exports

Natural Gas Futures Recover Most Early Losses Despite Loose Storage Data

Natural Gas Futures Recover Most Early Losses Despite Loose Storage Data

Choppy trading continued along the Nymex natural gas futures curve on Thursday, with steep losses accrued early in the session amid a broader decline in equities and commodity markets. The September contract managed to bounce later in the day, though, as traders mostly turned a blind eye to hugely bearish storage data. The prompt month…

August 20, 2021
AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

AMLO Touts Isthmus Natural Gas Pipeline as U.S. Imports Swell

Mexico President Andrés Manuel López Obrador said a natural gas pipeline connecting the Atlantic and Pacific coasts is set to go ahead. The 320 MMcf/d Jaltipán-Salina Cruz pipeline would cross the Isthmus of Tehuantepec, the narrowest strip of land in Mexico, between the two coasts. “A gas pipeline in the isthmus is planned to transport…

August 17, 2021
Natural Gas Demand to Surpass 2019 Levels by Year’s End, Says BP Chief

Natural Gas Demand to Surpass 2019 Levels by Year’s End, Says BP Chief

Global natural gas demand is forecast to recover and eclipse 2019 levels by the end this year, with liquefied natural gas (LNG) consumption set to climb in Asia, according to BP plc. The London-based integrated energy major delivered its second quarter results on Tuesday, offering a robust outlook for natural gas and oil, even as…

August 3, 2021
U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

International natural gas prices leaped in the first three months of this year as economic shocks inflicted by the early 2020 onset of Covid-19 wore off, according to the Department of Energy (DOE). The United States kept its stature as the top North American gas trader, almost doubling former champion Canada’s volume. Total U.S. exports…

August 3, 2021
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