natural gas imports

Mexico’s state giant Petróleos Mexicanos (Pemex) saw domestic sales of natural gas decrease by 10.9% year/year in 2021, the firm said in its recently released 20-F annual report to the U.S. Securities and Exchange Commission. Sales dropped from 1.313 Bcf/d in 2020 to 1.170 Bcf/d last year, Pemex said. This decrease “was mainly because private…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The asymmetry between the energy markets of the United States and Mexico is a consequence of differences in natural resource endowments, economic…

North American natural gas prices charged ahead this week amid worries over longer term supplies. In Mexico, meanwhile, natural gas demand is growing despite the higher prices. On Wednesday, the June New York Mercantile Exchange gas futures contract jumped 46.1 cents day/day and settled at $8.415/MMBtu. July rose 44.7 cents to $8.472. “U.S. production underwhelming,…

North American natural gas prices displayed extreme volatility this week amid a continued lack of clarity over where U.S. production is headed. After breaking through the $8.00/MMBtu mark on Monday, the May Nymex gas futures contract settled Wednesday at $6.937/MMBtu, down 23.9 cents from Tuesday’s close. June futures slid 21.2 cents to $7.065. The market…

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…

Argentina took a step towards securing additional natural gas supplies for this upcoming Southern Cone winter with a new agreement with neighboring Bolivia. The agreement guarantees Argentina will receive 14 Mm3/d of gas from Bolivia from May to September, the same volume of imports as last winter. Bolivia had initially said it would send out…

U.S. natural gas exports are likely to continue growing through at least 2050, according to updated long-term forecasting from the Energy Information Administration (EIA). In its Annual Energy Outlook (AEO) 2022 report, published Thursday, the agency said it sees liquefied natural gas (LNG) and pipeline exports to Mexico both contributing to the increase in the…

Argentina’s government has published a decree granting the natural gas transport concession for the Néstor Kirchner pipeline project to state natural gas buyer Integración Energética Argentina SA (Ieasa). Ieasa, which is also responsible for sourcing liquefied natural (LNG) imports in the country, has been given authorization to create a trust to construct the pipeline. The…

China became the world’s largest liquefied natural gas (LNG) importer during the first 10 months of 2021, according to data from government agencies.  The U.S. Energy Information Administration (EIA) said China’s LNG imports averaged 10.3 Bcf/d between January and October – a 24% increase over the same period last year. Japan, which for decades had…