natural gas

MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 20, 2020
Window to Develop Mexico Oil & Gas is Now, CNH Commissioner Says

Window to Develop Mexico Oil & Gas is Now, CNH Commissioner Says

“I think that we still have a window of time to explore and develop our natural riches, but we need to do so now,” said Sergio Pimentel, Commissioner at Mexico’s Comisión Nacional de Hidrocarburos (CNH). “If not, we are leaving these resources in the ground and could be depriving future generations of Mexican citizens of…

November 20, 2020
December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

A higher-than-expected storage injection weighed down futures Weak weather-driven demand persisted for another session LNG volumes held strong, but so too did production Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to…

November 20, 2020
Canada Regulator Approves Expansion of TC Energy’s NGTL Natural Gas Pipeline System

Canada Regulator Approves Expansion of TC Energy’s NGTL Natural Gas Pipeline System

Growing natural gas use by power generation and industrial plants is behind a C$509 million ($382 million) capacity expansion approved Thursday for TC Energy Corp.’s Nova Gas Transmission Ltd. (NGTL) network in Alberta and British Columbia. Delivery contracts for about 310 MMcf/d support the addition of 85 kilometers (51 miles) of 48-inch-diameter pipe, a project…

November 20, 2020
MPL Sees ‘Commercial Momentum’ for Second LNG Project on Mexico’s Pacific Coast

MPL Sees ‘Commercial Momentum’ for Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 19, 2020
December Natural Gas Futures Creep Higher on Modest Heating Demand Improvement

December Natural Gas Futures Creep Higher on Modest Heating Demand Improvement

BREAKING: U.S. EIA reports injection of 31 Bcf into natural gas storage for the week ending Nov. 13 Liquefied natural gas volumes held strong Production continued to climb, pressuring spot prices December Natural gas futures edged up on Wednesday, led higher by steadily solid liquefied natural gas (LNG) volumes and weather forecasts that shifted cooler.…

November 19, 2020
Mexico Natural Gas Market Said Underpinned by Strong Fundamentals Despite Policy Concerns

Mexico Natural Gas Market Said Underpinned by Strong Fundamentals Despite Policy Concerns

Despite concerns about the energy policies of Mexico’s current government, there is plenty of reason to be optimistic about the country’s nascent natural gas market, according to NGI’s Christopher Lenton, senior editor for Mexico and Latin America. Lenton spoke last week at the LDC Natural Gas Forum 2020 about his reasons for optimism, which include…

November 18, 2020
December Natural Gas Futures Flat as LNG Strengthens but Weather Demand Eases

December Natural Gas Futures Flat as LNG Strengthens but Weather Demand Eases

  Markets considered modest domestic demand and rising production Liquefied natural gas volumes hovered near record levels Spot prices declined amid mild fall temperatures Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports. The December Nymex contract flipped between slight gains and losses…

November 18, 2020
Energía Costa Azul Sanctioned, Looks to Become Mexico’s First LNG Export Project

Energía Costa Azul Sanctioned, Looks to Become Mexico’s First LNG Export Project

San Diego-based Sempra Energy has reached a final investment decision (FID) for the development, construction and operation of a natural gas liquefaction plant in Mexico’s Baja California. Energía Costa Azul (ECA) is a liquefied natural gas (LNG) joint venture between subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova). It is the first LNG export project…

November 17, 2020
Natural Gas Futures Drop on Weaker Weather Demand and Soft Spot Prices

Natural Gas Futures Drop on Weaker Weather Demand and Soft Spot Prices

Bearish weather patterns and increased production weighed on futures Comfortable temperatures spread across much of the nation’s southern half Liquefied natural gas volumes held strong Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to…

November 17, 2020