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Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Fermaca’s crossborder Wahalajara pipeline system connecting the prolific Permian Basin to the city of Guadalajara and connections is driving energy demand in Mexico’s central-western region and turning the Waha hub in West Texas into a pricing point in Mexican natural gas transactions. That’s according to Santa Fe Gas LLC’s Santiago Garcia, who is CEO of…

January 21, 2021
Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances

Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances

After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents day/day. December, however, fell a sharper 7.6 cents to $3.272, and similar declines were seen through the remaining winter contracts. Spot gas prices were mostly higher, but…

October 22, 2020
Small Pullback for Nymex Natural Gas Futures as LNG Demand Still Down; Cash Mostly Weak

Small Pullback for Nymex Natural Gas Futures as LNG Demand Still Down; Cash Mostly Weak

Natural gas futures slip as LNG demand still off, power burns soften LNG recovery unclear but Sabine Pass, Cameron report no “significant” damage following Hurricane Laura Waha cash up as El Paso concludes nearly five-month maintenance event What initially appeared to be a substantial retracement for natural gas futures ultimately turned out to be a…

September 1, 2020
MPLX Advancing Permian Takeaway Projects, Appealing Review for Bakken Crude Pipeline

MPLX Advancing Permian Takeaway Projects, Appealing Review for Bakken Crude Pipeline

MPLX LP has secured financing for the almost fully committed Whistler natural gas pipeline to transport supplies from the Permian Basin’s Waha hub to the Agua Dulce market in South Texas. On the second quarter earnings call held Monday, CEO Michael Hennigan said the lower capital spend related to the financing was already factored into…

August 4, 2020
EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

The United States Energy Information Agency (EIA) said in a note on Monday that it expects Mexico natural gas exports to rise quickly with the entry into operation of the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 890 MMcf/d VAG pipeline is the final stretch of a system that runs from the Permian Basin in West…

July 6, 2020
Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural gas futures fought off a fifth-consecutive decline amid forecasts for above-normal temperatures A day earlier, futures dropped to a 25-year low after a massive storage build spooked markets  Spot prices lost ground amid lingering concerns about oversupply Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering…

June 29, 2020
Advances in Mexico Natural Gas Market Seen Stabilizing Waha Prices

Advances in Mexico Natural Gas Market Seen Stabilizing Waha Prices

New infrastructure and capacity releases in Mexico could help stabilize Permian Basin natural gas prices, according to NGI’s Patrick Rau, director of strategy and research.

June 12, 2020
Natural Gas Futures Surge as WTI Crude Goes Negative, but Waha Cash Trades at Record Low

Natural Gas Futures Surge as WTI Crude Goes Negative, but Waha Cash Trades at Record Low

Still struggling to get a grasp on how much demand is being lost amid the coronavirus pandemic, natural gas traders on Monday took their cue from unparalleled deterioration in the oil markets. After an initial sell-off early in the session, the May Nymex gas futures contract rallied, shattering resistance and settling the day at $1.924, up 17.1 cents from Friday’s close. June climbed 14.6 cents to $2.049.

April 20, 2020

Wajalajara Pipeline Said Crucial for Easing Permian Natural Gas Takeaway

Of the several natural gas pipeline projects under construction in Mexico, Fermaca’s Waha-to-Guadalajara system holds the most potential as an outlet for gas produced in the Permian Basin, according to RBN Energy LLC.

November 26, 2019

Agua Blanca Sponsors FID Massive Expansion of Permian Natural Gas System

A joint venture between Whitewater Midstream, MPLX LP and investment group First Infrastructure Capital will move forward with an expansion of the 1.4 Bcf/d Agua Blanca intrastate natural gas system that moves New Mexico supply to Waha.

November 13, 2019
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