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October Natural Gas Futures, Spot Prices Extend Rally

October Natural Gas Futures, Spot Prices Extend Rally

Natural gas futures on Wednesday rallied for a third consecutive session, again touching a new high for the year as traders fixated on potentially sparse supplies in the United States and Europe ahead of the peak winter demand season.  At A Glance: BREAKING: U.S. EIA reports injection of 83 Bcf into natural gas storage for…

September 16, 2021
Tropical Storm Nicholas Punctuates Supply Worries, Drives Natural Gas Futures Higher

Tropical Storm Nicholas Punctuates Supply Worries, Drives Natural Gas Futures Higher

Natural gas futures on Tuesday extended the ferocious rally launched a day earlier, hitting a high point for the year, as traders fixated on supply/demand imbalance concerns and cash prices continued to escalate. The October Nymex contract gained 2.9 cents day/day and settled at $5.260/MMBtu. A day earlier, the prompt month soared nearly 30 cents.…

September 15, 2021
CFE Opting for Alternative Natural Gas Pipeline Routes to Advance Stalled Mexico Projects

CFE Opting for Alternative Natural Gas Pipeline Routes to Advance Stalled Mexico Projects

Mexico’s Comisión Federal de Electricidad (CFE) will build alternate natural gas pipeline branches in an effort to get stalled projects in the country moving. Speaking at a press conference earlier this month, CFE Internacional and CFEnergía head Miguel Reyes said new routes would be developed for the Guaymas-El Oro pipeline and the Tuxpan-Tula line. The…

September 14, 2021
October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

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. At A Glance: Nicholas threatens output GOM production still off Cash prices climb The…

September 14, 2021
Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Market players and the government each have roles to play in creating a more liquid, transparent natural gas market in Mexico, according to Eduardo Prud’homme, cofounder of the Gadex energy consultancy. Prud’homme assessed the state of play in Mexico in the latest episode of NGI’s Hub and Flow podcast. Buyers and sellers of natural gas…

September 13, 2021
Asian LNG Buyers Line Up for Supplies from Mexico Pacific Terminal Amid Sky High Prices

Asian LNG Buyers Line Up for Supplies from Mexico Pacific Terminal Amid Sky High Prices

Interest from Asian buyers in liquefied natural gas (LNG) exports from Mexico’s Pacific Coast has reached a full-blown frenzy amid soaring natural gas prices and demand, according to Mexico Pacific Limited LLC (MPL) CEO Doug Shanda. Shanda spoke with NGI about the firm’s LNG export terminal planned for Puerto Libertad in Sonora state. “We saw…

September 13, 2021
Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural gas futures gave up ground on Friday as traders took profits following a frenzied rally that saw the prompt month surge more than 46 cents over the two prior trading sessions. The catalysts for the spikes remained firmly in place: Light production in Hurricane Ida’s wake and festering concerns about inadequate storage ahead of…

September 13, 2021
Listen Now: NGI’s Hub & Flow Dives into Latest Mexico Natural Gas Market Survey

Listen Now: NGI’s Hub & Flow Dives into Latest Mexico Natural Gas Market Survey

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico and Latin America Senior Editor Christopher Lenton sits down with Mexico natural gas expert, Gadex consultant and NGI columnist Eduardo Prud’homme to discuss NGI’s most recent Mexico market survey. The podcast dives into the evolving Mexico market…

September 13, 2021
Mexico Energy Industry ‘Full of Gems’ for Development, Expert Says

Mexico Energy Industry ‘Full of Gems’ for Development, Expert Says

“There’s been a lot of talk about a downturn in the Mexican energy industry but I don’t necessarily see it that way. There are plenty of gems that are there for the taking in Mexico if you know where to look,” said Dino Barajas, partner at the law firm DLA Piper. “As a potential investor,…

September 10, 2021
October Natural Gas Futures Extend Rally as Storage Worry Mounts

October Natural Gas Futures Extend Rally as Storage Worry Mounts

Natural gas futures gathered even more momentum on Thursday, reaching a seven-year high as production remained weak in Hurricane Ida’s aftermath and the latest government inventory report confirmed a tight supply/demand balance. At A Glance: Futures forge past $5.00 mark EIA reports 52 Bcf storage injection Western spot prices fall back Ida “amplified already heightened…

September 10, 2021
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