natural gas pipelines

COLUMN: With Mexico Market Rule Change, Natural Gas Users Could Lose Out

COLUMN: With Mexico Market Rule Change, Natural Gas Users Could Lose Out

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 decision by Mexico’s Energy Ministry (Sener) to require users to source imported gas from state companies upends a long process of…

July 1, 2022
Permian Highway Green Lights Natural Gas Expansion, with Eye on LNG Markets

Permian Highway Green Lights Natural Gas Expansion, with Eye on LNG Markets

Permian Highway Pipeline LLC (PHP) sanctioned a 550 MMcf/d natural gas expansion project to boost capacity for the 2.1 Bcf/d West Texas to Gulf Coast system. Using additional compression, the final investment decision (FID) would boost deliveries from the Waha area of West Texas to mainline connections near Houston and Gulf Coast markets. Pending required…

June 30, 2022
After Record Heat, Cooler Forecast Leads to Sharp Discounts for Natural Gas Weekly, Futures Prices

After Record Heat, Cooler Forecast Leads to Sharp Discounts for Natural Gas Weekly, Futures Prices

Spot gas prices crumbled during the June 21-24 trading week despite heat becoming more widespread, for a few days at least, across the country’s midsection. NGI’s Weekly Spot Gas National Avg. plummeted $1.225 to $6.340/MMBtu. Nymex futures action, meanwhile, continued to be dominated by the Freeport liquefied natural gas (LNG) outage, with the market questioning…

June 24, 2022
Haynesville Awaiting More Capacity to Avoid Natural Gas Takeaway Constraints

Haynesville Awaiting More Capacity to Avoid Natural Gas Takeaway Constraints

The natural gas industry has shown renewed affection for the natural gas-rich Haynesville Shale, but darker times may lie ahead unless proposed takeaway projects move forward, according to an analysis by Wells Fargo Securities. The analyst team, led by managing director Michael Blum, outlined two scenarios under which additional infrastructure would be needed in the…

June 23, 2022
Despite Strong Demand, Weekly Natural Gas Prices Dragged Down by LNG Mishap

Despite Strong Demand, Weekly Natural Gas Prices Dragged Down by LNG Mishap

Weekly cash prices gave up ground despite modest production and robust cooling demand across much of the Lower 48 that fueled several daily gains. NGI’s Weekly Spot Gas National Avg. for the June 13-17 period declined 94.5 cents to $7.565, dragged lower by an outsized loss on Tuesday tied to broader natural gas market sentiment…

June 17, 2022
Natural Gas Futures Swoon to Close Wild Trading Week; Cash Clunks

Natural Gas Futures Swoon to Close Wild Trading Week; Cash Clunks

Natural gas futures fell for the first time in three sessions on Friday, finishing an exceptionally volatile week on a sour note. The July Nymex gas futures contract shed 52.0 cents and settled at $6.944/MMBtu. August fell 53.2 cents to $6.906. At A Glance: Freeport wildcard looms Global supply woes fester Summer demand sizzles NGI’s…

June 17, 2022
COLUMN: Forcing Sistrangas Users to Source Gas From State Would Threaten Mexico Gas Market

COLUMN: Forcing Sistrangas Users to Source Gas From State Would Threaten Mexico Gas Market

The spring of 2017 promised a change in the natural gas industry in Mexico. An open season to allocate capacity on the Sistrangas national pipeline system, together with an auction of capacity in the main gas entry pipeline into the country, paved the way for private traders to offer supply proposals to Mexican consumers. At the time, Petróleos Mexicanos (Pemex) was barely able to meet half of national demand through its production. Energy regulator Comisión Reguladora de Energía (CRE) and Energy Ministry Sener knew that depending on Pemex as the only intermediary capable of importing gas was not the best practice to benefit users.

June 17, 2022
Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Houston-based Targa Resources Corp. has clinched an agreement to buy Lucid Energy Group’s Permian Basin Delaware natural gas processing business, which would add 1,050 miles of pipeline and 1.4 Bcf/d of capacity.The all-cash deal for Lucid Energy Delaware LLC, valued at $3.55 billion, was reached with sponsors Riverstone Holdings LLC and Goldman Sachs Asset Management.…

June 17, 2022
Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s president said Saturday he hopes for construction of the Jaltipán-Salina Cruz natural gas pipeline to be complete within a year at the most. The proposed 500 MMcf/d pipeline would span the Tehuantepec Isthmus, from Chinameca, Veracruz, to Salina Cruz, Oaxaca, where the government is planning a 3 million metric tons/year floating liquefied natural gas…

June 13, 2022
Natural Gas Futures Resume Losses as Freeport LNG Outage Seen Benefiting U.S. Balances

Natural Gas Futures Resume Losses as Freeport LNG Outage Seen Benefiting U.S. Balances

After a brief reprieve, natural gas futures continued to slide Friday as traders continued to weigh the implications of a potentially prolonged outage at the Freeport liquefied natural gas (LNG) terminal. With tight balances firmly intact, the July Nymex gas futures contract slipped 11.3 cents to $8.850/MMBtu. August futures fell 11.1 cents to $8.867. At…

June 10, 2022
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