natural gas

North American natural gas prices got a bump earlier in the week when top U.S. producer EQT Corp. announced it was curtailing output, but the rally was short-lived. On Thursday, the New York Mercantile Exchange contract for April settled at $1.818/MMBtu, down 11.1 cents day/day. Mexico pipeline imports of natural gas for the 10-day period…

Mexico’s state power company Comisión Federal de Electricidad (CFE) credited lower natural gas prices as contributing to the company’s best full-year profits in a decade last year. CFE is the country’s largest power generator and distributor, the primary importer and marketer of natural gas, and monopoly owner of the electricity transmission grid.  The company reported…

Natural gas futures spiked briefly above the $2.000/MMBtu level Tuesday after the Golden Pass Pipeline updated federal regulators on its progress, sending a signal that the export terminal is advancing. At A Glance: Nymex front month hits $2.009/MMBtu West Texas averages flip negative Mexico exports at around 6.3 Bcf/d That initial reaction was pared back,…

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. CFE International (CFEi), based in Houston, operates as a natural gas marketer and is an affiliated company of the Mexican state-owned electric…

Natural gas futures rallied on Monday after the largest U.S. natural gas producer announced it would cut 1 Bcf/d of output through the end of March, chopping into a supply glut caused by one of the mildest winters on record. At A Glance: EQT cuts March output by 1 Bcf/d Forecast one of warmest in…

Oneok Inc. is aiming to take a final investment decision (FID) by the middle of this year on the 2.8 Bcf/d Saguaro Connector natural gas pipeline.  The U.S. Federal Energy Regulatory Commission (FERC) approved the project’s Presidential Permit in February. Saguaro Connector would transport Permian Basin natural gas to the U.S.-Mexico border. From there, it…

Weekly natural gas cash prices sank to their lowest levels of the year as weakening weather-driven demand outweighed supportive trends in production and LNG exports. NGI’s Weekly Spot Gas National Avg. for the February 29 to March 1 trading period for March gas delivery fell 11.0 cents/MMBtu to $1.440. Leading regional declines were the Northeast…

Natural gas futures fell for a second day Friday as winter’s apparent absence in early March forecasts was poised to add further to the country’s mounting inventory surplus.  At A Glance: Output slips to 101 Bcf/d March forecasts stay warm Mild weather into weekend The April Nymex gas futures contract settled at $1.835/MMBtu, down 2.5…

Utilities in the Southwest have seen business, population and technology underpinning investments in natural gas-fired generation and infrastructure, and in Texas, new legislation may be supporting plans for a build-out.  NGI reviewed recent quarterly and year-end results of electric and gas utilities, in which executives pointed to growth in the customer base, as well as…