Mexico Keeps Demanding More U.S. Supplies as Natural Gas Prices Get Late Summer Boost — Spotlight
North American natural gas prices have gathered some momentum for the first time in many months amid tighter supply balances.
North American natural gas prices have gathered some momentum for the first time in many months amid tighter supply balances.
Emilia Esther Calleja, an electrical engineer with over two decades of experience at the state utility, will be the new CEO of Mexico’s Comisión Federal de Electricidad (CFE.)
Mexico’s nascent LNG market could develop into a major presence in the North American energy landscape, Arthur Deakin, Director of Energy at Americas Market Intelligence (AMI), told NGI’s Mexico GPI.
North American natural gas futures were stuck again this week as persistent supply surpluses did little to excite bulls.
Argentina’s 51% state-owned oil and gas company YPF SA, in partnership with Malaysian national oil company Petronas, have settled on the northern edge of Patagonia for their planned LNG export project.
The leading oilfield services firms during the second quarter of 2024 reported Latin America drove international revenue growth and forecast “continued strength” from the region’s activity.
Natural gas futures flopped for a fifth straight session amid stout levels of supply and the August contract’s final run at the front of the curve. Futures often fall heading into expiration.
Mexico’s natural gas production averaged 3.82 Bcf/d in June, down from 4.35 Bcf/d in the same month last year. Output has been down on a year/year basis each month since the start of 2024, and has fallen sequentially in every month except May.
Summer heat in the northern hemisphere and growing LNG demand could be kickstarting a mid-year price hike in global natural gas benchmarks.
August natural gas futures dropped below $2.00/MMBtu as near-term bearishness persisted, but shifts in sentiment and technical indicators implied higher prices when the September contract moves into the lead position on Tuesday.