natural gas prices

French utility Engie SA, which recently constructed and began operations on the Cuxtal I natural gas pipeline in the Yucatan peninsula, sees “incredible development potential” in the southeast region of Mexico, the company’s COO, Ana Laura Ludlow, told NGI’s Mexico GPI. Engie is also ready to start work on expanding capacity on the Mayakan pipeline…

Driven in part by liquefied natural gas (LNG) exports, demand growth will outpace supply gains this summer, leading to higher prices year/year, FERC said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected…

Natural gas futures forged ahead most of Thursday, as they did every other session this week, bolstered by supply concerns and the potential for inadequate storage injections. Still, profit-taking in the final hour of trading shifted the prompt month into the red. The June Nymex gas futures contract settled at $8.308/MMBtu, down 6.0 cents day/day.…

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

Volatile natural gas futures were trading sharply lower early Friday amid a cooling weather outlook, though analysts continued to see upside risks for prices. The June Nymex contract was down 27.7 cents to $8.031/MMBtu at around 8:50 a.m. ET. July was off 27.8 cents to $8.122.  Forecast trends were cooler day/day, with changes focused on…

Natural gas prices at points key to Mexico surged above $8.00/MMBtu this week as hot weather in North America and lingering production concerns drove bullish sentiment in the market. Analysts continue to see pricing being pushed to the upside in the months ahead. The U.S. Energy Information Administration (EIA) expects natural gas delivered to electric…

Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: BREAKING: U.S. EIA reports 89 Bcf injection of natural gas into storage for the week ended May 13…

As overnight modeling weakened heat expectations for key markets heading into early June, natural gas futures pulled back early Thursday ahead of the latest government inventory report. The June Nymex contract was down 26.9 cents to $8.099/MMBtu at around 8:50 a.m. ET. July was off 26.7 cents to $8.188. For the latest Energy Information Administration…

Colombian national oil company Ecopetrol SA and a unit of Occidental Petroleum Corp. (Oxy) have signed a deal to jointly explore four deepwater areas in the Caribbean. Blocks COL 1, COL 2, COL 6 and COL 7 are located, on average, about 150 kilometers or 93 miles off Colombia’s northern coast. The companies, which also…