natural gas imports

Latin American LNG Demand Booming Amid Tight Global Natural Gas Market

Latin American LNG Demand Booming Amid Tight Global Natural Gas Market

Latin American liquefied natural gas (LNG) demand has had a record year in 2021 and it is not letting up, tightening a global gas market that has sent prices spiking around the world. Imports of LNG into Latin America for the first eight months of the year added up to 10.44 million tons, according to…

September 21, 2021
Excelerate Looks to Import More LNG to Brazil amid Historic Drought

Excelerate Looks to Import More LNG to Brazil amid Historic Drought

Floating specialist Excelerate Energy LP has reached a deal to import liquefied natural gas (LNG) to Brazil as the nation continues to deal with rising power demand amid a historic drought that has left hydroelectric reservoirs depleted. Under an initial deal struck with state-owned Petróleo Brasileiro SA, aka Petrobras, Houston-based Excelerate would deploy one of…

September 7, 2021
Momentum Growing for Monterrey Index in Latest Mexico Natural Gas Market Survey

Momentum Growing for Monterrey Index in Latest Mexico Natural Gas Market Survey

Mexico’s industrial center Monterrey was once again picked as the best location for a domestic price index in the fifth survey of the natural gas market undertaken by NGI’s Mexico GPI. The survey, conducted in August, received 30 responses from buyers and sellers in Mexico, compared to 23 for the March survey. While most natural…

August 31, 2021
U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

Natural gas exports via pipeline from the United States to Mexico recorded a new monthly record in June, the U.S. Energy Information Administration (EIA) said in a note Friday, citing data from Wood Mackenzie. Pipeline exports averaged 6.8 Bcf/d for the month, up 25% from June 2020 and 44% from the previous five-year (2016-2020) monthly…

July 26, 2021
COLUMN: CFE Emerging As Mexico’s De Facto Natural Gas System Operator

COLUMN: CFE Emerging As Mexico’s De Facto Natural Gas System Operator

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. With the start of activity on the Sur de Texas-Tuxpan, La Laguna-Aguascalientes and Villa de Reyes-Aguascalientes-Guadalajara pipelines since December 2018, the government…

July 23, 2021
Mexico Natural Gas Market Spotlight: July Imports Slip on Lower Demand

Mexico Natural Gas Market Spotlight: July Imports Slip on Lower Demand

Imports of natural gas from the United States continue to dominate Mexico’s natural gas supply, but they have dropped slightly this month on lower demand. To date this month, Wood Mackenzie reported that Mexico imports from the United States were 6.7 Bcf/d, 2% lower than in June. NGI calculations had the 10-day average through Thursday…

July 8, 2021
Drought, Market Factors Propelling LNG Demand in South America

Drought, Market Factors Propelling LNG Demand in South America

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

June 24, 2021
Market Said to be Expecting Leaner EIA Print Next Week as Natural Gas Futures Climb

Market Said to be Expecting Leaner EIA Print Next Week as Natural Gas Futures Climb

Traders shrugged off somewhat weaker heat in the latest forecasts to send natural gas futures a few cents higher early Friday. The July Nymex contract was up 2.4 cents to $3.065/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday showed an overall drop in demand expectations for the next 15 days, marking a third…

June 4, 2021