Natural

Cenagas Awards Open Season Winners in Advance for Mexico Natural Gas Market – Spotlight

Cenagas Awards Open Season Winners in Advance for Mexico Natural Gas Market – Spotlight

Mexico’s Cenagas, operator of the national pipeline system known as the Sistrangas, has announced winners in the biggest open season under the administration of Andrés Manuel López Obrador. The state-run operator offered capacity to 19 end-users, distributors and shippers on the pipeline system, with almost all bidders receiving their requested amounts of uninterruptible capacity. This…

January 11, 2024
Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production

Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production

Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…

December 1, 2023
Are Higher Mexico Natural Gas Pipeline Imports Here to Stay? – Spotlight

Are Higher Mexico Natural Gas Pipeline Imports Here to Stay? – Spotlight

After a bull run last week, North American natural gas futures floundered this week. The November New York Mercantile Exchange gas futures contract on Thursday sank for the seventh straight session to settle at $2.957/MMBtu, down 9.9 cents day/day. Mild weather and ample U.S. natural gas supplies helped spur the downward pressure. Mexico imports from…

October 19, 2023
Mexico Imports of U.S. Natural Gas Keeping Strong Post-Summer — Spotlight

Mexico Imports of U.S. Natural Gas Keeping Strong Post-Summer — Spotlight

North American natural gas futures have enjoyed a positive week, with October rolling off the board on Wednesday at $2.674/MMBtu after four consecutive days of gains. On Thursday, the New York Mercantile Exchange gas futures contract for November on its first day as prompt month settled at $2.942, up 4.3 cents. Healthy LNG demand at…

September 28, 2023
July Natural Gas Futures Pressed By Robust Supplies

July Natural Gas Futures Pressed By Robust Supplies

Natural gas futures clawed out a slim gain on Thursday after a government inventory report exceeded expectations and left supplies in storage at a hefty surplus to historic averages. Following a 10.5-cent rally in the prior session, the July Nymex gas futures contract on Thursday added a 1.1-cent day/day gain and settled at $2.608/MMBtu. August…

June 23, 2023
Natural Gas Futures Fizzle Amid Weakening Demand Outlook

Natural Gas Futures Fizzle Amid Weakening Demand Outlook

Natural gas futures fizzled on Monday, giving up ground as forecasts pointed to mild May weather and as production held at stout levels. The June Nymex gas futures contract settled at $2.318/MMBtu, down 9.2 cents day/day. The prompt month had gained 5.5 cents on Friday. The July contract on Monday shed 8.0 cents to $2.498.…

May 2, 2023
As Natural Gas Production Dips, Natural Gas Futures Notch Third Straight Gain

As Natural Gas Production Dips, Natural Gas Futures Notch Third Straight Gain

Natural gas futures climbed for a third day, with seasonal buying, growing confidence in a chillier late-April and softer production all in play. The May Nymex gas futures contract settled Tuesday at $2.366/MMBtu, up 9.1 cents on the day. June futures rose 7.3 cents to $2.517. Spot gas prices shifted in both directions as production…

April 19, 2023
CFE Adds Natural Gas Combined-Cycle Capacity Amid Bargain Prices – Mexico Spotlight

CFE Adds Natural Gas Combined-Cycle Capacity Amid Bargain Prices – Mexico Spotlight

North American natural gas futures continued to limp along and were barely above $2.00/MMBtu on Thursday with warm weather keeping demand in check. The May New York Mercantile exchange gas futures contract shed 14.4 cents day/day on Thursday and settled at $2.011. June lost 14.3 cents to $2.238. There are potentially some signs that favor…

April 6, 2023
North American Natural Gas Prices Hover Around $2.50 Amid Financial System Wobbles – Mexico Spotlight

North American Natural Gas Prices Hover Around $2.50 Amid Financial System Wobbles – Mexico Spotlight

North American natural gas futures ended a two-day losing streak on Thursday. The April New York Mercantile Exchange natural gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents on the day to $2.626. NatGasWeather analysts said, “It’s been difficult to pinpoint the primary drivers of prices this week with…

March 16, 2023
North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight

North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight

North American natural gas trading has been hijacked by bears, with prices moving lower this week on the back of a healthy supply and storage outlook. The New York Mercantile Exchange (Nymex) futures contract for March is hovering around $2.500/MMBtu, its lowest point in almost two years. Last Friday (Jan. 27), the February Nymex natural…

February 2, 2023
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