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Editor’s Note: Please enjoy this bonus coverage from NGI’s Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico.

Pressured by global oversupply wrought by the coronavirus and the price war, most North American producers have slashed their capital spending on average by 35-40% year/year versus original guidance, but revisions globally are playing out differently, according to Evercore ISI.

Editor’s Note: Please enjoy this bonus coverage from NGI’s Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico.

The global natural gas and industry undoubtedly will see a dramatic pullback in sanctioned projects this year, with only 10 of more than 50 now in the pipeline likely to proceed, with well financed deepwater and niche liquefied natural gas (LNG) facilities the possible bets to rise above the carnage, according to Wood Mackenzie.

The global natural gas and industry undoubtedly will see a dramatic pullback in sanctioned projects this year, with only 10 of more than 50 now in the pipeline likely to proceed, with well financed deepwater and niche liquefied natural gas (LNG) facilities the possible bets to rise above the carnage, according to Wood Mackenzie.

Latin American nations, which with the exception of Brazil have now imposed tough stay-at-home measures in an attempt to slow the spread of Covid-19, are bracing for the public health and economic impacts of the virus just at a time when a deluge of cheap oil has flooded the global market, battering prices, and making life difficult for many producing nations.

Latin American nations, which with the exception of Brazil have now imposed tough stay-at-home measures in an attempt to slow the spread of Covid-19, are bracing for the public health and economic impacts of the virus just at a time when a deluge of cheap oil has flooded the global market, battering prices, and making life difficult for many producing nations.

San Diego-based Sempra Energy executives remain confident that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico’s Baja California will go ahead as planned despite the need to push back a final investment decision into the second quarter.

Despite growing domestic gas production from its Vaca Muerta formation and plans to develop large-scale liquefied natural gas (LNG) facilities, Argentina has ordered 11 LNG cargoes for the upcoming Southern Cone winter as prices for the super-chilled fuel continue to suffer from the demand shock of the coronavirus.