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August Natural Gas Futures Dip Lower Alongside Forecasts for Less Intense Heat

August Natural Gas Futures Dip Lower Alongside Forecasts for Less Intense Heat

Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend and had a dampening effect on natural gas futures Monday. The August Nymex contract lost 6.6 cents day/day and settled at $1.739/MMBtu. September fell 5.0 cents to $1.797.  NGI’s Spot Gas National Avg. advanced 1.0 cent…

July 13, 2020
Mexico Supreme Court Upholds Competition Principles in Power Sector Dispute

Mexico Supreme Court Upholds Competition Principles in Power Sector Dispute

The suspension in late June by Mexico’s Supreme Court of new power sector rules imposed by the energy ministry marked a rare victory for proponents of competition in the country’s energy industry, analysts said. The controversial rulemaking, dubbed the Policy of Reliability, Safety, Continuity and Quality in the National Electric System, halted preoperative tests for…

July 2, 2020
Natural Gas Futures Break Even After In-Line Storage Injection

Natural Gas Futures Break Even After In-Line Storage Injection

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 19, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 19, 2020
ACP Seeks FERC Extension; MVP’s Southgate Project Approved

ACP Seeks FERC Extension; MVP’s Southgate Project Approved

The Atlantic Coast Pipeline (ACP) project has asked FERC for a two-year extension to build and place the 1.5 Bcf/d system online, citing the legal and regulatory delays it has faced.

June 19, 2020
Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Imports of Canadian natural gas supplies through the western United States were subdued in April and May amid higher prices north of the border, according to the U.S. Energy Information Administration (EIA).

June 19, 2020
U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

The U.S. natural gas rig count fell three units to 75 as upstream activity continued on its recent downward trajectory during the week ending Friday, the latest Baker Hughes Co. (BKR) data show.

June 19, 2020
Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

After curtailing output by 70% in May in response to a pandemic-driven market downturn, Continental Resources Inc. said Thursday it would bring some production back in July, although about 50% of output is to remain offline.

June 19, 2020
COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

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.

June 19, 2020
July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.

June 19, 2020