natural gas pipelines

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
LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

Imports of liquefied natural gas (LNG) in South America are down sharply this year amid market volatility and a resurgence of hydropower in Brazil, while pipeline gas imports to Mexico have held relatively firm. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed in South America this year…

June 8, 2022
How Can Mexico’s Natural Gas Market Improve? Here’s What Leading Pipeline Operators Said

How Can Mexico’s Natural Gas Market Improve? Here’s What Leading Pipeline Operators Said

More transparency and connectivity could help Mexico’s natural gas market achieve its full potential, according to some of the largest pipeline operators serving the country. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed these goals with executives from Fermaca, Engie SA and Enbridge Inc. during a panel Thursday at Industry Exchange LLC’s…

June 3, 2022
COLUMN: When Will New Natural Gas Projects Materialize in Mexico?

COLUMN: When Will New Natural Gas Projects Materialize in Mexico?

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. With the constitutional reform proposal for the energy sector shot down, President López Obrador will find it hard to reverse the structural…

May 27, 2022