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Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico President Andrés Manuel López Obrador last week touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 8, 2022
Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…

October 4, 2021
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

September 13, 2021
Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021
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
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