natural gas imports

A roundup of news and commentary from the global gas market A 7.4-magnitude earthquake impacted Taiwan and briefly triggered a tsunami warning Tuesday, but hasn’t appeared to disrupt LNG imports, according to data from Kpler. Two vessels initially were turned away during the warning, but imports resumed on Wednesday. Taiwan imported more than 20 million…

Mexico’s natural gas production averaged 4.05 Bcf/d in February 2024, compared to 4.29 Bcf/d in the same month a year ago.  State oil company Petróleos Mexicanos (Pemex) supplied 3.84 Bcf/d or 95% of the total, down from 4.07 Bcf/d in February 2023, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show.  Associated gas tied…

Poland has broken free of its dependence on Russian energy supplies, increasing both its natural gas pipeline and LNG imports from other suppliers.   Poland had previously relied on Russia as its only gas supplier, but for the first time last year, the country met domestic natural gas demand without Russian imports.  The Swinoujscie liquefied natural…

Mexico’s pipeline imports of U.S. natural gas should continue to grow over the coming years even in the most conservative demand scenarios, experts agreed this week at the US-Mexico Natural Gas Forum. The power sector is driving demand growth currently, a trend that is likely to continue in the immediate term as state power company…

Four countries are expected to import LNG for the first time next year as expansion projects in the Americas, Asia-Pacific and Europe are expected to boost global regasification capacity by 23 Bcf/d in 2024. The U.S. Energy Information Administration (EIA) estimates that Antigua and Barbuda, Australia, Cyprus, and Nicaragua could join the list of countries…

The dollar value of two-way oil and natural gas trade between Canada and the United States swelled last year to a record $190 billion, as global markets reacted to Russia’s invasion of Ukraine, according to federal researchers. Inflation-adjusted records showed that last year’s energy trade overall between the United States and Canada topped the 2008…

Mexico’s Comisión Federal de Electricidad (CFE) is seeking to stimulate natural gas demand in the country and increase utilization of its vast natural gas pipeline network, a company official said Wednesday.  The state-owned company, in addition to being Mexico’s largest power generator, is also the country’s leading supplier of natural gas, which it imports from…

North American natural gas futures limped along this week as shoulder season settles in and demand fails to meet ample supply. On Thursday, the May New York Mercantile (Nymex) gas futures contract settled 8.6 cents lower at $2.007/MMBtu. June futures slid 7.0 cents to $2.197. Longer term, the natural gas market in Mexico and the…

China’s thirst for LNG is likely to rebound in 2023, which could exacerbate the global energy crunch, but to what extent the country returns to the spot market remains unclear as it continues to grapple with Covid-19. China has eased restrictions aimed at curbing the spread of the virus. Those measures limited economic activity and…