natural gas exports

Natural Gas Spot Prices, Futures Falter Even as Early Winter’s Worst Blankets Lower 48

Natural Gas Spot Prices, Futures Falter Even as Early Winter’s Worst Blankets Lower 48

Natural gas futures floundered on Friday amid hints in weather models that Arctic cold blasts, while intense, may not endure as long as earlier forecasts suggested. The January Nymex natural gas contract shed 37.0 cents day/day and settled at $6.600/MMBtu. February futures fell 28.6 cents to $6.303. At A Glance: Weather outlook mixed Production under…

December 16, 2022
Perfect Storm Fuels Massive Natural Gas Price Spikes on West Coast; Northern California Hits $55/MMBtu

Perfect Storm Fuels Massive Natural Gas Price Spikes on West Coast; Northern California Hits $55/MMBtu

Against a backdrop of mostly mild weather across the Lower 48, winter unleashed its fury on the West Coast a bit early this season. The frigid temperatures and unusually heavy precipitation have fueled natural gas demand at a time when storage inventories are low, a drought has reduced hydro-electric power supplies and regional utilities are…

December 9, 2022
Baker Hughes, Technip Teaming Up to Accelerate LNG Infrastructure Using Modular Systems

Baker Hughes, Technip Teaming Up to Accelerate LNG Infrastructure Using Modular Systems

Baker Hughes Co. and Technip Energies have set the groundwork to develop next-generation modular LNG systems to bring plug-and-play facilities online more quickly. The memorandum of understanding would allow the two global giants to jointly work on modular solutions for up to 2 million metric tons/year (mmty) of liquefied natural gas.  The modules would complement…

December 8, 2022
Natural Gas Bears Still in Control as January Futures Slide Below $6.30

Natural Gas Bears Still in Control as January Futures Slide Below $6.30

Natural gas crumbled for a third straight day as weather models continued to struggle in showing a return of colder weather later this month. News that a railroad strike was averted and that Freeport LNG further delayed its initial restart added bearish pressure to the market. At A Glance: Railroad strike averted Freeport restart delayed…

December 2, 2022
Strong U.S. Production, Uneven Weather Pressuring Natural Gas Prices – Mexico Spotlight

Strong U.S. Production, Uneven Weather Pressuring Natural Gas Prices – Mexico Spotlight

North American natural gas prices were kept in check by robust U.S. production this week. On Monday, the December New York Mercantile Exchange natural gas contract rolled off the board at $6.712/MMBtu. January as the front month has been up and down since. On Thursday, the January contract settled at $6.738, off 19.2 cents day/day.…

December 1, 2022
Mexico’s CFE Ramping Up Natural Gas Exports from U.S.

Mexico’s CFE Ramping Up Natural Gas Exports from U.S.

A U.S. subsidiary of Mexico’s state power company Comisión Federal de Electricidad (CFE) posted a 14% year/year increase in pipeline natural gas exports from the United States to Mexico during the second quarter, according to the U.S. Department of Energy. The subsidiary, CFE International LLC (CFEi), exported 298,963 MMcf or 3.3 Bcf/d under short-term contracts…

December 1, 2022
CFE, Engie Expanding Mayakan Natural Gas Pipeline in Mexico’s Southeast

CFE, Engie Expanding Mayakan Natural Gas Pipeline in Mexico’s Southeast

Mexico’s Comisión Federal de Electricidad (CFE) has signed yet another deal with a private sector firm to increase natural gas transport in the country. This time it’s with French company Engie SA. The two firms will work together to expand capacity on the 483-mile, 250 MMcf/d Mayakan pipeline, in the Yucatán Peninsula. The Engie trunkline…

November 29, 2022
December Natural Gas Futures Limp into Expiration; Spot Prices Slip

December Natural Gas Futures Limp into Expiration; Spot Prices Slip

Natural gas futures on Monday floundered following forecasts for milder weather and estimates of strong production to start the week, continuing a slump as the December contract traded into expiration. At A Glance: Weather demand fades in outlook Analysts expect second storage pull Rail strike looms After falling in Friday’s session, the December Nymex natural…

November 29, 2022
CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

A U.S. subsidiary of Mexico’s state power company Comisión Federal de Electricidad (CFE) posted a 14% year/year increase in pipeline natural gas exports from the United States to Mexico during the second quarter, according to the U.S. Department of Energy. The subsidiary, CFE International LLC (CFEi), exported 298,963 MMcf or 3.3 Bcf/d under short-term contracts…

November 23, 2022
Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 23, 2022
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