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…
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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…

Natural Gas Imports from Canada Rising in Western U.S.
Natural gas imports from Canada to the western United States have increased by 4.1% so far this year versus the same period in 2021, according to new analysis by the U.S. Energy Information Administration (EIA). The border-crossing points at Sumas, WA, and Eastport, ID, “principally supply metropolitan areas in the Pacific Northwest and California, where…

Can CFE’s Mexico Natural Gas Pipelines Handle Bevy of New Projects?
Multiple challenges must be overcome on Mexico’s natural gas pipeline network to accommodate the recent projects announced by state power company Comisión Federal de Electricidad (CFE) and private industry, according to a former top executive. Guillermo Turrent, the former CEO of gas marketing subsidiaries CFE International LLC and CFEnergía, addressed the outlook on Tuesday at…

Mexico Natural Gas Production Up in September, but Outlook Mixed
Natural gas production in Mexico continued its winning streak in September, according to the latest statistics from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Gas production hit 4.180 Bcf/d during the month, compared to 4.060 Bcf/d in August and 3.894 Bcf/d in September of last year. Natural gas production has seen a consistent rise this…

European Demand for Russian Natural Gas, Oil Continues to Drive Revenues
Despite a massive throttling of pipeline natural gas to Europe after Russia’s February invasion of Ukraine, European Union (EU) members in September still led the world in Russian oil and natural gas imports, according to a new report. Since the beginning of the conflict in Ukraine, EU members have imported around $97 billion in Russian…

Mexico Regulator Sees Marginal Natural Gas Production Growth Through 2028
Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

Lack of Natural Gas Storage Said Major Threat to Mexico Energy Security
Mexico urgently needs to develop the fortitude of its natural gas industry, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. According to their research, Mexico natural gas demand grew 63% in the last decade and a half, hitting 8.27 Bcf/d last year. Starting in 2020, natural…

Natural Gas Futures Still Hot as Summer Temperatures Pummel North America – Mexico Spotlight
North American natural gas prices continued to be pressured to the upside this week amid sizzling temperatures and low storage inventories. The August New York Mercantile Exchange (Nymex) contract went out meekly as prompt month on Wednesday after a nearly week-long rally. The August gas futures contract settled at $8.687/MMBtu, down 30.6 cents day/day. September…

Howard Energy Targeting Mexico, LNG Markets with 2 Bcf/d South Texas Expansion
Lower 48 midstream giant Howard Energy Partners (HEP), through joint venture Dos Caminos LLC, plans to double its natural gas gathering, treatment and transport services in Texas to 2 Bcf/d as it eyes opportunities for LNG and Mexico exports. The expansion, planned in the Austin Chalk formation and Eagle Ford Shale in South Texas, would…