NGI Mexico GPI

Major surge for expiring September Nymex natural gas futures contract Damage assessments just beginning after Laura slams Gulf Coast Cameron LNG awaiting go-ahead by local authorities to enter facility Natural gas futures skyrocketed Thursday, even as Hurricane Laura struck a key natural gas export terminal when it slammed the Gulf Coast overnight and threw into…

The Mexico gas market is increasingly trading in the daily market, according to the third survey of natural gas buyers and sellers in Mexico conducted by NGI’s Mexico GPI. According to respondents, 52% of all gas bought and sold in Mexico is done in the daily market, well above 12% in April 2019 and 28%…

BREAKING: U.S. EIA reports a 45 Bcf injection into natural gas storage inventories for the week ending Aug. 21 Cameron LNG joins Sabine Pass in shutting down operations as Hurricane Laura slams Louisiana coast With a Category 4 hurricane targeting natural gas export facilities and other energy infrastructure on the Gulf Coast, gas traders struggled…

Mexico will need to build out new infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno…

Hurricane Laura gaining strength as it barrels toward U.S. Gulf Coast LNG export facilities reduce operations; TGP shuts Louisiana compressors Cash slides as demand starts to soften ahead of storm’s landfall Natural gas traders were on high alert Tuesday as Hurricane Laura churned toward the Gulf Coast, with impacts to supply and demand reverberating across…

Mexican state oil company Petróleos Mexicanos (Pemex) reported crude oil production of 1.595 million b/d in July, its lowest monthly output since 1979. The figure was down from 1.671 million b/d in the comparable period last year. Natural gas output rose slightly in July to 3.752 Bcf/d, compared to 3.742 Bcf/d in July last year. …

Nymex natural gas futures rally again as pair of Gulf storms disrupt production Demand destruction expected; LNG facilities prepare Cash prices rise as warmer weather moves east Natural gas futures jumped as much as 10 cents to start the week, supported by a steep drop in production ahead of two tropical systems moving through the…

Pipeline natural gas exports from the United States to Mexico are exceeding 6 Bcf/d so far in August, according to preliminary estimates by Genscape, Inc. This is up from the 5.3 Bcf/d average reported by the U.S. Department of Energy for the first quarter of 2020. While exports from West Texas and South Texas are…

LNG demand optimism drives another rally for natural gas futures Pair of tropical storms taking aim at Gulf Coast Cash prices decline amid light weekend demand After a bit of choppy trading, natural gas futures closed out the week on stronger footing after an earlier slide into the red. The September Nymex gas futures contract…