natural gas production

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…

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. Spot…

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…

All it took was one little storage datapoint for natural gas futures – down another 50-plus cents early Thursday – to stage a momentous recovery and finish the day well in the green. The July Nymex gas futures contract settled at $8.963/MMBtu, up 26.4 cents from Wednesday’s close. August futures edged up 29.9 cents to…

A fire at the Freeport liquefied natural gas (LNG) export terminal in Texas on Wednesday shut down the facility for at least three weeks and had immediate impacts on natural gas pricing across the globe. With New York Mercantile Exchange July natural gas futures early in the week making their way to $10.00/MMBtu, the incident…

Although the long-term implications were still unknown, news of an explosion at the Freeport liquefied natural gas (LNG) terminal on the Texas coast took a hatchet to natural gas futures midweek. The July Nymex gas futures contract – up about 30 cents at midday and not far off the $9.664/MMBtu intraday high – plummeted as…

In a quieter session on Tuesday, natural gas futures failed to sustain early gains as traders took profits. The July Nymex gas futures contract settled at $9.293/MMBtu, off 2.9 cents on the day. August futures slipped 2.8 cents to $9.278. Spot gas prices moved higher again, with triple-digit temperatures creeping across Texas and much of…

Mexico’s demand for natural gas has not been impacted by the ongoing price surge, according to buyers and sellers of the fuel who spoke at the recent Mexico Gas Summit in San Antonio, TX. “Demand is very inelastic,” said Santa Fe Gas LLC CEO Santiago Garcia during the event organized by Industry Exchange LLC. “The…

In one of the most explosive sessions in recent weeks – and that’s saying a lot – natural gas futures rocketed higher Monday as production struggles to gain momentum and heat is starting to intensify ahead of what’s expected to be a hot summer. The July Nymex gas futures contract jumped 79.9 cents to $9.322/MMBtu.…