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More Construction Issues Reported at Golden Pass – Three Things to Know About the LNG Market
Markets
Natural Gas Futures Resume Rally Mode Amid Weaker Production, Narrower Storage Surplus
Natural gas futures flew higher Thursday, gaining ground for the fifth time in six sessions as production continued to slide and storage excesses gradually narrowed. At A Glance: EIA prints 79 Bcf Injection Output below 96 Bcf/d Summer weather nears Following a breather the prior session – a 2.0-cent dip – the June Nymex gas…
May 9, 2024Markets
Brightening LNG Demand Outlook Helping to Lift Natural Gas Forwards; West Texas Production Constrained
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…
May 9, 2024Mexico
Mexico Natural Gas Market Resilient Amid Blackouts, but Power System Reliability Dented – Spotlight
Widespread blackouts in Mexico earlier this week hit 21 states and sent the electric power system into emergency status – but the natural gas market was largely unimpeded. Power system operator Cenace said the failures on Tuesday (May 7) were caused by soaring demand amid scorching temperatures. Some Cómision Federal de Electricidad (CFE) natural gas…
May 9, 2024Earnings
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline
TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…
May 9, 2024Trending News
Infrastructure
More Construction Issues Reported at Golden Pass – Three Things to Know About the LNG Market
May 9, 2024Natural Gas Prices