Regulatory

Listen Now: Latest NGI’s Hub & Flow Podcast Covers Top Trends in Mexico Energy Market

Listen Now: Latest NGI’s Hub & Flow Podcast Covers Top Trends in Mexico Energy Market

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which the fundamentals impacting the Mexican natural gas market are explored. In this latest podcast, NGI’s Mexico Gas Price Index Senior Editor Christopher Lenton speaks to renowned Mexico energy expert Gonzalo Monroy about the hottest topics impacting the natural gas…

July 16, 2021
Northeast Natural Gas Forward Curve Price Strength Highlights Production, Storage Concerns

Northeast Natural Gas Forward Curve Price Strength Highlights Production, Storage Concerns

Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the…

July 15, 2021
Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets

Small-Scale LNG Gaining Edge in Northeast Amid Pipeline Constraints, Climate Targets

The challenge of transporting natural gas to energy-hungry consumers in the Northeast is continuing to create opportunities and spur demand for small-scale applications and virtual pipeline services throughout the region. Despite the sharp uptick in gas production from the prolific Appalachian Basin over the last decade, pipeline constraints remain an issue in the Northeast, particularly…

July 15, 2021
ERCOT Outlines Proposed Improvements to Texas Power Grid

ERCOT Outlines Proposed Improvements to Texas Power Grid

The Texas power grid chief this week laid the groundwork for improving electric reliability following the unprecedented freeze and subsequent blackouts in February during Winter Storm Uri. Electric Reliability Council of Texas (ERCOT) interim CEO Brad Jones sent the “Roadmap to Improving Grid Reliability” to Gov. Greg Abbott, state legislators and the Public Utility Commission…

July 15, 2021
Pemex Intervention Could Harm Mexico LPG Market, Experts Warn

Pemex Intervention Could Harm Mexico LPG Market, Experts Warn

Plans for Mexico’s state oil company Petróleos Mexicanos (Pemex) to enter the retail liquefied petroleum gas (LPG) business bode poorly for competition, consumers and the company itself, according to local energy sector stakeholders. President Andrés Manuel López Obrador announced last week that Pemex would launch a subsidiary called “Gas Bienestar” or “Gas Wellbeing” within three…

July 14, 2021
Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

The European Commission has increased a proposed target for renewable energy development to help achieve a goal of cutting greenhouse gas (GHG) emissions in 2030 by 55% over 1990 levels. The commission’s proposal calls for renewables to make up 40% of the European Union (EU) energy mix by 2030, compared to a previous target of…

July 14, 2021
MVP to Purchase Carbon Offsets, Potentially Pleasing Climate-Conscious FERC

MVP to Purchase Carbon Offsets, Potentially Pleasing Climate-Conscious FERC

Mountain Valley Pipeline LLC (MVP), the proposed Appalachia-to-Southeast natural gas conduit seeking FERC approval to resume construction following legal and regulatory setbacks, plans to purchase carbon offsets for its first 10 years of operational emissions. Management for the embattled pipeline project, a joint venture (JV) led by Equitrans Midstream Corp., said the move would make…

July 13, 2021
Domestic Oil, Gas Permitting Sputters in June, but Sharply Higher from Pandemic-Ridden 2020

Domestic Oil, Gas Permitting Sputters in June, but Sharply Higher from Pandemic-Ridden 2020

U.S. oil and gas drilling permitting has risen sharply from a year ago, but the gains are uneven, with the Denver-Julesburg (DJ) and Powder River basins drying up, while Haynesville Shale activity has increased, according to data compiled by Evercore ISI. The domestic permit count climbed by 32% in June from a year earlier, and…

July 13, 2021
California Well Stimulation Permitting Slows; Draft Fracking Ban Issued

California Well Stimulation Permitting Slows; Draft Fracking Ban Issued

California oil patch regulators on Friday denied 21 hydraulic fracturing (fracking) permits requested by Aera Energy, a unit of Shell Oil Co. and ExxonMobil. The decision to deny the well stimulation treatment (WST) permits by the California Geologic Engineering Management (CalGEM) division coincided with a draft released to ban fracking beginning in 2024. Since Gov.…

July 13, 2021
NGI’s Hub & Flow Podcast Dives into What’s Moving Mexico Natural Gas Market

NGI’s Hub & Flow Podcast Dives into What’s Moving Mexico Natural Gas Market

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which the fundamentals impacting the Mexican natural gas market are explored. In this latest podcast, NGI’s Mexico Gas Price Index Senior Editor Christopher Lenton speaks to renowned Mexico energy expert Gonzalo Monroy about the hottest topics impacting the natural gas…

July 11, 2021