NGI Mexico GPI

Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

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. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…

April 19, 2024
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…

April 18, 2024
May Natural Gas Futures Jump After Storage Print Lands Near Expectations

May Natural Gas Futures Jump After Storage Print Lands Near Expectations

Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…

April 18, 2024
From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth

From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth

Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish. The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message…

April 18, 2024
Eyes on West Texas Natural Gas as Negative Prices Persist – Mexico Spotlight

Eyes on West Texas Natural Gas as Negative Prices Persist – Mexico Spotlight

North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165.  TC…

April 17, 2024
Alberta Pipeline Incident Sends Natural Gas Futures Higher

Alberta Pipeline Incident Sends Natural Gas Futures Higher

Natural gas futures jumped higher Tuesday afternoon after reports of a pipeline incident in Alberta broke up an otherwise quiet shoulder season day of trading. At A Glance: TC Energy responds to NGTL incident Production at 97.4 Bcf/d National Avg. back above $1 The May Nymex contract rose 4.1 cents day/day to settle at $1.732/MMBtu.…

April 17, 2024
Natural Gas Would Still Form Base of Mexico Power System Under Sheinbaum Presidency

Natural Gas Would Still Form Base of Mexico Power System Under Sheinbaum Presidency

Mexico’s presidential frontrunner Claudia Sheinbaum of the ruling Morena party would continue the nation’s buildout of natural gas-fired power if she were to win the June 2 election. Speaking to business leaders in Mexico City on Monday evening, Sheinbaum highlighted that 3.250 GW of new generation, 91% of which was natural-gas fired combined cycle, were…

April 16, 2024
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…

April 16, 2024
West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier

West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier

Natural gas pipeline exports from the United States to Mexico via West Texas rose 20% year/year to average 1.6 Bcf/d in 2023, according to the latest data from the U.S. Energy Information Administration (EIA). Gas flows from West Texas to Mexico “have grown steadily since 2017 as more connecting pipelines in Central and Southwest Mexico…

April 15, 2024
Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early

Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early

As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978.  The natural…

April 15, 2024
‹ Previous 1 2 3 347