natural gas

March Natural Gas Futures Debut Higher Even as Forecasts Stay ‘Massively Warmer’

March Natural Gas Futures Debut Higher Even as Forecasts Stay ‘Massively Warmer’

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines. The March Nymex gas futures contract rose 2.3 cents to settle at $2.077, after trading as low as $2.046. NGI’s Spot Gas National Avg. fell 37.5…

January 31, 2024
Mexico Natural Gas Market Growth Said Challenged by Lack of Storage, Uneven Regulation

Mexico Natural Gas Market Growth Said Challenged by Lack of Storage, Uneven Regulation

Representatives from some of Mexico’s most important natural gas supply, transport and storage companies are optimistic that the national industry is poised to continue to grow.Mexico natural gas demand is set to expand 4.6% annually during the next decade, according to forecasts by national pipeline system operator Cenagas.  “I think natural gas is probably in…

January 30, 2024
February Roll-Off Juices Volatility for Falling Natural Gas Futures; East-West Cash Prices Diverge

February Roll-Off Juices Volatility for Falling Natural Gas Futures; East-West Cash Prices Diverge

Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw Production rebounds to 106 Bcf/d East cash markets rise The February Nymex gas futures contract dropped 22.2 cents day/day to settle at…

January 30, 2024
Esentia to Offer Capacity on Mexico Pipelines as Natural Gas Market Opens Up

Esentia to Offer Capacity on Mexico Pipelines as Natural Gas Market Opens Up

Esentia Energy Systems is planning to offer capacity on its network of natural gas pipelines that stretch from Waha in West Texas to the industrial hub of Guadalajara in central Mexico. “We are going to run an open season for capacity on our pipes for natural gas out of Waha,” Esentia commercial vice president Jorge…

January 29, 2024
Mexico’s Presidential Frontrunner Sheinbaum Seeks 50% Renewable Generation By 2030

Mexico’s Presidential Frontrunner Sheinbaum Seeks 50% Renewable Generation By 2030

If elected, Mexican presidential candidate Claudia Sheinbaum would seek to increase the country’s renewable electricity generation to as much as 50% of the national grid by the conclusion of her term in 2030, industry members familiar with the plans told NGI’s Mexico GPI. The ambitious goal for renewable energy generation would represent a dramatic shift…

January 22, 2024
Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly natural gas cash prices lost ground for the first time this year with the brunt of the season’s worst winter storm passed and set to give way to warmer temperatures. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened Jan. 16-19 period fell $1.520 to $4.545/MMBtu. Prices in most regions declined in the trading…

January 19, 2024
Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural gas futures fell on Friday for a fourth straight day as warmer forecasts and rebounding production put the week’s polar vortex firmly in the rearview mirror. The February Nymex gas futures contract fell 17.8 cents and settled at $2.519/MMBtu.  At A Glance: Late-January warm-up looms Production rises above 100 Bcf/d Weekend cold boosts Southeast…

January 19, 2024
Cenagas Open Season Landmark Win for Mexico Natural Gas Market — Column

Cenagas Open Season Landmark Win for Mexico Natural Gas Market — Column

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 recent completion of the open season by Cenagas, the operator of Mexico’s integrated gas pipeline network Sistrangas, marks a pivotal moment…

January 19, 2024
Natural Gas Storage Still Stout, but Declines in Midwest and East to Accelerate

Natural Gas Storage Still Stout, but Declines in Midwest and East to Accelerate

Utilities still have an abundance of natural gas in underground storage from which to draw upon for winter heating needs – even after back-to-back triple-digit storage pulls to start the new year. Supplies in both the East and Midwest, though, are shrinking and poised to further dwindle following the frigid cold shots of mid-January that…

January 19, 2024
The Netherlands Triples U.S. LNG Imports as Plans to Add Regas Capacity Continue

The Netherlands Triples U.S. LNG Imports as Plans to Add Regas Capacity Continue

The Netherlands became the third-largest European LNG importer last year, after France and Spain, as U.S. liquefied natural gas imports flooded Dutch LNG facilities.   With a planned expansion for the Gate LNG import terminal to 20 billion cubic meters (Bcm) annually, the EemsEnergy Terminal in  Eemshaven’s current 8 Bcm/year capacity, and the proposed 7.2 Bcm…

January 19, 2024