NGI Mexico GPI

Braskem Reports Record Ethane Imports into Mexico, Offsetting Reduced Pemex Supply

Braskem Reports Record Ethane Imports into Mexico, Offsetting Reduced Pemex Supply

Braskem SA reported record-high ethane imports during the third quarter to its polyethylene complex in Coatzacoalcos, Mexico, and the figure is set to continue growing. Ethane imports to the Braskem Idesa facility — among the largest petrochemicals plants in Latin America — reached a record 22,400 b/d in September, Braskem management said earlier this month…

November 17, 2021
December Natural Gas Futures Sustain Rally as Global Supply Worries Intensify

December Natural Gas Futures Sustain Rally as Global Supply Worries Intensify

Natural gas futures on Tuesday rallied with vigor amid continued strength in U.S. exports of liquefied natural gas (LNG) and renewed concerns about European supplies that sent global gas prices higher. At A Glance: Futures surge for a second straight day Russian supplies to Europe called into question Spot prices jump on storms in West…

November 17, 2021
Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s state oil company Ecopetrol SA has recovered from a production blip in the second quarter and is upping capital expenditures (capex) for 2022 executives said during a recent conference call. Months of anti-government protests starting in late April hampered oil and gas activity in the country in the first half of this year. However,…

November 16, 2021
Oversold Natural Gas Futures Recover Ground Lost Amid Demand Uncertainty

Oversold Natural Gas Futures Recover Ground Lost Amid Demand Uncertainty

Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. exports held steady. At A Glance: The prompt month tacked on 22.6 cents Demand outlook remains dubious U.S. exports of LNG expected to hold strong Coming off a 35.8-cent sell-off…

November 16, 2021
Fitch Warns of Turmoil in Mexico Power Sector if AMLO Reform Passes

Fitch Warns of Turmoil in Mexico Power Sector if AMLO Reform Passes

A proposed regulatory overhaul of Mexico’s energy sector would cause havoc for private power generators as all of their supply contracts with non-state offtakers would be cancelled, according to analysts at Fitch Ratings Inc. Through a bill sent to the lower house on Sept. 30, President Andrés Manuel López Obrador is seeking to restore the…

November 15, 2021
Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

A petrochemical plant recently announced, slated to be in service by 2026, could produce up to 200 metric tons/year of low-carbon blue ammonia and methanol using natural gas from the Montney Shale, officials said. Calgary-based Northern Petrochemical Corp. (NPC), a private venture, is proposing to build the C$2.5 billion ($2 billion) project in the planned…

November 15, 2021
Momentum Proves Elusive for December Natural Gas Futures

Momentum Proves Elusive for December Natural Gas Futures

Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. The December Nymex contract declined 35.8 cents day/day and settled at $4.791/MMBtu. January fell 36.5 cents to $4.880 on Friday. Futures had…

November 15, 2021
U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…

November 12, 2021
December Natural Gas Futures Bounce Back With Winter Demand on the Horizon

December Natural Gas Futures Bounce Back With Winter Demand on the Horizon

Natural gas futures on Thursday snapped a four-day losing streak, pushed higher by hints of colder weather, solid demand for U.S. exports and gains in European prices. The December Nymex contract settled at $5.149/MMBtu, up 26.9 cents day/day. January jumped 27.1 cents to $5.245. At A Glance: Futures advance for first time this week Demand…

November 12, 2021
Veracruz Salt Dome Natural Gas Storage Project Said ‘Probable’ – Mexico Spotlight

Veracruz Salt Dome Natural Gas Storage Project Said ‘Probable’ – Mexico Spotlight

Following a tricky 2021 that has included a major disruption to its natural gas supply, the Mexican government is advancing plans for strategic storage. Speaking Tuesday at the U.S.-Mexico LDC Forum in San Antonio, TX, Gadex consultant Eduardo Prud’homme said “good discussions” were underway with a developer to build a salt dome storage facility in…

November 11, 2021