NGI's Hub & Flow: Recent Episodes
NGI: Natural Gas Intelligence
NGI’s Hub & Flow is a podcast for busy natural gas professionals interested in a quick take on North American energy markets. Join Natural Gas Intelligence's trusted reporters, editors and analysts as they discuss what is driving supply and demand fundamentals, prices and movements in the natural gas and LNG markets in the U.S., Canada and Mexico.
The global natural gas landscape finds itself at a critical crossroads: geopolitical instability in the Middle East continues to squeeze international trade routes, while North American export capacity rapidly expands to meet shifting demand. As global markets balance supply security against long-term climate targets, the interplay between Gulf Coast feedgas fluctuations and Canadian export momentum is redefining the future of natural gas flows.
In this episode of NGI’s Hub & Flow, host Christopher Lenton sits down with NGI Senior LNG Editor Jacob Dick to analyze the latest structural shifts across the North American LNG space. The conversation explores how ongoing disruptions near the Strait of Hormuz are reshaping international cargo flows, the operational reliability of key Gulf Coast facilities, such as Freeport and Golden Pass, and the accelerating momentum behind Western Canadian export projects — including LNG Canada and emerging Atlantic initiatives — as the market looks toward the next wave of global supply.
For much of mid-2026, sweltering summer heat waves and soaring electricity demand across the United States failed to ignite a sustained rally in natural gas pricing, with Henry Hub futures continuing to face downward pressure. While conventional wisdom points to hot weather driving up prompt month contracts, expanding renewable generation and stubborn associated gas production from oil-heavy basins have steadily altered summer supply-demand balances. As total US storage inventories hover comfortably above historical averages ahead of peak hurricane season, the market faces a delicate balancing act: Can growing LNG feedgas demand and future data center load offset an influx of gassier supply, or could infrastructure limits cap upside potential heading into winter?
In this episode of Hub & Flow, NGI's Christopher Lenton sits down with Senior Editor Andrew Baker to break down the summer trends, structural bottlenecks and regional price disconnects redefining the US natural gas landscape. The conversation explores why record heat isn't translating to higher Henry Hub prices, how rapid wind and solar growth are reshaping traditional EIA storage injections, and why associated gas from high oil prices is acting as a soft cap on upside momentum. Baker also shares key insights into mid-summer LNG feedgas volatility, the reality of artificial intelligence-driven data center demand versus power grid constraints, and the key regional basis spreads to watch from Waha and the Northeast to the Desert Southwest.
For most of 2026, the story at the Waha hub in West Texas was a grim one of negative pricing, with Permian producers paying offtakers to clear out their natural gas. The narrative flipped in mid-June when Kinder Morgan’s Gulf Coast Express Pipeline expansion came online, propelling prices back to positive territory. As the market balances the first in what is expected to be a massive wave of pipeline capacity additions against an evolving, gassier production mix, the big question remains: Has the notorious Permian boom-and-bust cycle finally met its match?
In this episode of Hub & Flow, NGI sits down with East Daley Analytics Senior Director Jack Weixel to unpack the structural shifts redefining West Texas energy infrastructure. The conversation covers how systems, such as the Blackcomb and Matterhorn Express pipelines, are extending Waha's fuse, why skyrocketing data center demand and LNG expansions mean producers are suddenly “playing with house money,” and how a lack of storage infrastructure could still trigger regional operational chaos during a major Gulf Coast storm.
As critical chokepoints have frozen traditional trade routes, the global energy sector is abandoning old assumptions for a new mantra: supply diversity. This macro shock is forcing long standing buyers and emerging markets alike to radically rethink their structural exposure to a highly punitive LNG spot market.
In this episode of Hub & Flow, NGI’s Christopher Lenton sits down with Sergio Chapa of Poten & Partners live from the Mexico Gas Summit in San Antonio to untangle how this high-stakes global reshuffling impacts the Americas. The conversation breaks down the rapid production startup of Sempra’s Energía Costa Azul LNG terminal in Baja California, and why localized legal hurdles mean Mexico's broader export ambitions face a slower climb than originally projected. Chapa also sheds light on Latin America’s massive, underutilized regasification, explaining why hydro-dependent nations remain dangerously exposed to high LNG spot prices during seasonal droughts, and how Argentina’s incoming floating LNG vessels could soon transform the Vaca Muerta Shale into the Western Hemisphere's next major supply wild card.
The California energy market has historically been defined by extreme contradictions: a regulatory push toward a renewable energy stack on one side, and total dependence on neighboring regions for physical natural gas molecules on the other. While a “perfect storm” early this spring pushed spot prices to historic lows across the state, a looming wall of structural shifts — from cross-border LNG exports to massive data center buildouts — is forcing traders to prepare for a future of unprecedented upside volatility.
In this episode of Hub & Flow, NGI's Christopher Lenton sits down with veteran energy trader and NGI’s Senior Vice President of Business Development & Client Support David Dutch to break down the complex web of infrastructure keeping California powered. The conversation untangles how three distinct supply basins — West Texas, the Rockies and Western Canada — simultaneously flushed the West with cheap natural gas, and why a hyper-reliance on regional hydro and renewables leaves the state acutely vulnerable to massive basis spikes. Dutch also pulls back the curtain on Mexico’s Energía Costa Azul LNG export plant, explaining why a reversed pipeline flow below San Diego could soon send Southern California prices to the moon on peak demand days.
The global energy market has entered a period of stark contrasts: a sudden structural deficit in global crude oil on one side, and a looming wall of associated US natural gas production on the other. As the closure of the Strait of Hormuz takes a massive chunk of global supply offline, the turmoil is forcing a geopolitical risk premium back into crude prices, leaving US natural gas producers bracing for a summer of unexpected headwinds.
In this episode of Hub & Flow, NGI Senior Vice President of Research & Analysis Patrick Rau discusses the seismic shifts reshaping the energy landscape following first quarter earnings calls. The conversation dives into why a bullish $70/bbl crude market could spell trouble for Henry Hub via a surge in associated gas, and how US LNG is racing to fill the global void left by a squeezed Qatar. Rau also explains why the market might be fundamentally misunderstanding the role of data centers by looking only at power demand while ignoring the massive efficiency gains coming to the supply side.
Western Canada is currently a land of stark contrasts: record natural gas production on one side, and a mountain of natural gas with nowhere to go on the other. As AECO basis remains wide, and storage levels continue to climb, the Canadian natural gas market is bracing for a summer that looks increasingly volatile for local producers.
In this episode of NGI’s Hub & Flow, Martin King, managing director North America at RBN Energy joins the podcast to dissect the structural gridlock currently defining AECO pricing. The discussion dives into why the market may be too optimistic about the coming months, the likelihood of prices slipping even more before the heating season, and how Shell’s acquisition of ARC Resources signals a “vote of confidence” in the basin despite the immediate price pain.
The global energy market continues to grapple with its second major shock of the decade as the Iran war, which began in late February, stretches into an indefinite stalemate. With critical LNG production offline in Qatar and the Strait of Hormuz still closed, the world faces a natural gas supply void that has sent global benchmarks soaring while leaving the market skeptical of a quick resolution.
In this episode of Hub & Flow, NGI managing editor of LNG Jamison Cocklin joins the podcast to break down the new normal for natural gas. From the technical hurdles of repairing damaged liquefaction trains in the Middle East to potential knock-on effects for US LNG, Cocklin assesses whether North American exports can truly fill the global gap. This episode explores the long-term shifts in LNG's role and how this latest wave of volatility could push North American projects toward final investment decisions.
The political and energy landscape in Venezuela was upended in early January, sparking a sudden and rapid opening of the country’s massive oil and natural gas reserves. As the Iran war shifts the global spotlight, Venezuela’s potential to become a cornerstone of the Western Hemisphere’s energy system has returned to the forefront of the industry’s mind.
In this episode of Hub & Flow, NGI sits down with Francisco Monaldi, director of the Latin American Energy Program at Rice University’s Baker Institute, to discuss whether Venezuela is truly “investable” again. From the massive flaring of associated gas to the strategic push to link offshore fields to Trinidad and Tobago’s LNG infrastructure, this episode explores the legal hurdles and geopolitical risks that could determine whether this historic opening leads to a genuine energy renaissance.
The global energy picture shifted overnight in late February. As the Strait of Hormuz remains effectively paralyzed, the natural gas market faces a shock unlike anything seen in the 1970s or even the 2022 Russia-Ukraine crisis.
In this episode of Hub & Flow, NGI sits down with Anne-Sophie Corbeau, Global Research Scholar at Columbia University, to untangle the chaos currently gripping global markets. With nearly 20% of the world’s LNG supply currently trapped or disrupted, the stakes for global energy security and for U.S. fuel exporters have never been higher.
Following a winter defined by both record-shattering cold and unseasonal warmth, NGI's Leticia Gonzales, managing director of North American natural gas pricing, joins the podcast to break down the current state of the U.S. natural gas market. From the regional pricing discrepancies in the Permian Basin to the shifting dynamics of global geopolitics following recent events in the Middle East, Gonzales provides an in-depth look at the supply/demand balance. The conversation also dives into the future of the sector and provides a summer preview, examining the rapid expansion of LNG infrastructure and the emerging role of AI data centers in driving long-term demand.
Ten years after the first LNG cargo left Sabine Pass, Charif Souki reflects on the unlikely path that helped launch the U.S.into a top global natural gas exporter. In this episode, Souki recounts the founding of Cheniere Energy Inc., the launch of Gulf Coast exports and the rapid rise of U.S. natural gas production.
From technology and shale productivity gains to the next generation of LNG projects, Souki offers a candid look at how the industry transformed over the past decade — and what the next 10 years may hold.
NGI’s Jamison Cocklin, managing editor of LNG, talks with Davenport Energy’s Toby Copson, managing partner and portfolio manager, about where things stand in the Asian LNG market as winter nears an end and the restocking season approaches.
Copson, an LNG trader, discusses why Asian LNG spot buying has been so sluggish and whether he expects that to change anytime soon. The conversation also covers other influences shaping the world’s largest LNG market. Copson and Cocklin explore what role Asia will play in the years ahead as more supply from the United States and elsewhere comes online and global natural gas trading expands.
NGI’s managing editor for Mexico, Christopher Lenton, is joined by senior editor Andrew Baker to break down the fallout from the latest polar vortex and how Mexico’s natural gas system managed to keep the lights on despite “astronomical” price spikes and U.S. production shut-ins. Lenton, fresh from an industry summit in Monterrey, explains why Mexico’s gas demand remains remarkably inelastic even when the U.S. market descends into chaos.
The discussion explores the evolving regulatory landscape under President Claudia Sheinbaum, contrasting her “technocratic” and state-led approach with the uncertainty of the previous administration. Lenton and Baker dive into the critical lack of underground storage, the growing role of CFE and Pemex, and the burgeoning data center hub in Querétaro that is driving a new wave of industrial demand. As the market looks toward increased demand, the episode provides a clear-eyed examination of whether Mexico could truly achieve energy independence, or if its “overwhelming dependence” on U.S. molecules is simply a permanent reality.
The natural gas market is evolving faster than the pipes can keep up, creating a high-stakes environment where infrastructure is king. Jay Bhatty, founder of NatGasHub.com and author of Nat Gas Million$: Insider Secrets To Striking It Rich, joins NGI’s Chris Lenton and senior editor Andrew Baker to pull back the curtain on the world of energy trading and the "unsung heroes" of gas scheduling. Bhatty breaks down how the disconnect between surging demand, driven by LNG exports and the data center boom, as well as how limited pipeline capacity is creating massive opportunities for those who control firm transport and storage.
The discussion dives into the current winter outlook, encompassing how early-season volatility and potential "fireworks" in pipeline-constrained regions like the Northeast could trigger major price dislocations. Bhatty also shares strategic insights from his career on the trading floor, explaining the shift from traditional market drivers to a new era defined by high-flexibility storage and structural demand growth. As the market braces for the next major cold snap, Bhatty provides a roadmap for navigating a volatile commodity landscape where physical delivery is becoming the ultimate competitive advantage.
In this strategic outlook for the year ahead, NGI's Christopher Lenton, managing editor of Mexico, and Patrick Rau, senior vice president of research and analysis, sit down to discuss the natural gas market in a shifting supply landscape.
While industry sentiment is overwhelmingly bullish, the discussion explores a critical tension: Can a 6% Henry Hub price premium survive the current storage surplus on top of the unpredictability of winter weather? From the massive growth in LNG exports to the regulatory hurdles facing data center expansion, the conversation delves into whether North American producers can ramp up production in time to meet the 4 Bcf/d demand surge projected for the coming year.
As the new year dawns, the U.S. energy industry is facing a complex future, filled with opportunities for extending LNG exports, advancing power solutions and building infrastructure. Deloitte’s Kate Hardin joined NGI’s Carolyn Davis, managing editor-news, to offer insight about the firm’s 2026 oil and gas forecast.
It’s innovation that will guide the future, Hardin said. This is the beginning of an exciting year for the oil and gas industry, as it continues expanding efficiencies and improving technologies.
Could natural gas prices strengthen? Will utilities advance more natural gas-fired capacity? What about regulations and government policies? Could they stymie investments?
Hardin discusses that and more in an insightful discussion.
The heating season is off to a roaring start, with forecasters calling for one of the chilliest Decembers in recent memory. IAF Advisors owner Kyle Cooper joins NGI senior editor Andrew Baker to discuss the implications for natural gas supply, demand and prices as winter gets underway. Cooper breaks down how soaring heating demand could rapidly deplete natural gas inventories, and send already elevated gas prices even higher.
He cites the example of last winter, a normal one by historical standards, that nonetheless triggered a massive pull on storage in January. Cooper also discusses the impacts of record LNG exports and the evolving electricity mix on natural gas power burns and storage trends. As demand continues to rise, Cooper explains how the supply picture will evolve as producers in the Haynesville Shale, Permian Basin and Appalachia adapt to a constantly changing market.
NGI’s Jacob Dick, senior editor of LNG, sits down with Charif Souki, co-founder of Cheniere Energy Inc. and a pioneer of the U.S. LNG industry, to discuss how the critical transformation of the U.S. natural gas industry that turned the country into the world’s largest LNG exporter is reshaping global markets. Souki examines how the shale revolution, technological advances and massive resource discoveries transformed U.S. production and unlocked decades of low-cost supply.
He also notes that LNG demand has created new challenges for producers, who now depend on export markets as physical gas consumption has ballooned to unprecedented levels. He also outlines how evolving economics, higher construction costs and shifting contract structures are pushing LNG developers toward more merchant-style risk. Looking forward, Souki says ongoing technological breakthroughs, especially deeper drilling and improved productivity, continue to expand U.S. resource potential and would shape the next era of LNG growth.
Winter is coming, and so are the big questions for natural gas. From near-record storage levels and shifting weather models to surging LNG exports and price volatility, the natural gas market is facing one of its most complex setups in years. To help sort through it all, Andy Huenefeld, a seasoned energy market analyst with Pinebrook Energy Advisors and managing partner at the firm, joins NGI’s Jodi Shafto, senior markets editor, to discuss the major market drivers that could send natural gas prices soaring this winter heating season.
Poten & Partners’ Jason Feer, global head of business intelligence, joins NGI’s Jamison Cocklin, managing editor of LNG, to discuss how the rapid North American LNG export growth could slow down projects still in the development phase. They explore whether potential project delays could slow an expected LNG supply glut later in the decade, as well as how long oversupply could affect the natural gas market. Cocklin and Feer also discuss implications of the supply glut on U.S. natural gas prices and on global benchmarks, and how foreign offtakers could react to shifting prices. In the wake of six LNG projects having reached final investment decisions in 2025, they also delve into the viability of financing additional projects.
NGI’s managing editor of Mexico, Christopher Lenton speaks with Alex Munton, global gas and LNG research lead at Rapidan Energy Group, about how the Trump administration is impacting North American natural gas markets. Munton highlights that while the industry welcomes a more favorable policy environment, rising costs are weighing heavily on upstream activity. This makes for a more complex dynamic for natural gas even as LNG demand surges.
Munton also explains that the United States faces the daunting task of boosting production by roughly 20 Bcf/d to meet booming LNG exports and rising power demand. Against that backdrop, key gas plays like the Marcellus and Haynesville shales face infrastructure and cost hurdles. He also casts doubt on Mexico’s and Alaska’s LNG ambitions amid financing and logistical challenges, reinforcing why Gulf Coast terminals dominate. As affordability and energy costs become political flashpoints, Munton warns that high prices could reshape both the energy landscape and U.S. voter sentiment.
In the latest episode, NGI’s Christopher Lenton, managing editor for Mexico and Latin America, sits down with Rystad Energy partner Schreiner Parker to unpack how shifting U.S.–Latin America relations and regional politics are shaping the future of the oil and gas sector. From Mexico’s evolving import trends and Argentina’s LNG ambitions, to new opportunities emerging in Bolivia and Venezuela’s ongoing geopolitical tensions, they look into how capital flows, policy, and market fundamentals are converging across the region.
NGI’s Leticia Gonzales, managing director of North American natural gas pricing, is joined by Dave Marchese, CEO of Caliche Development Partners, to discuss the optimism and opportunities for natural gas storage development.
Several storage expansions are underway in the Lower 48, particularly along the Gulf Coast. A greenfield project also has received federal approval in recent days. But financing has been a struggle for some projects, preventing them from being sanctioned and ultimately, brought into the market in a timely manner.
Gonzales and Marchese discuss the challenges and successes Caliche has found in expanding its assets in Texas and California, as well as the outlook for future storage developments to accommodate rising natural gas demand.
Natural Gas Supply Association President and CEO Dena Wiggins joined NGI”s Carolyn Davis, managing editor of news, to discuss the outlook this winter season for supply, demand and prices.
Based on its deep assessment of the U.S. market, NGSA expects prices to be relatively flat compared with last winter. Market pressure is being offset by record production, even on the back of strong LNG exports and rising demand from artificial intelligence-powered data centers.
Of course, there are wild cards, with weather the biggest one for the natural gas markets. Wiggins breaks down the outlook for storage and potential price volatility.
A big issue on the table for the natural gas market is permit reform, which has been on the table in Congress in some form or fashion for a few years. The legislation, Wiggins said, is essential to ensure there is enough infrastructure as demand rises. The NGSA chief says the fuel is no longer a bridge, but “foundational” to energy supplies domestically and abroad. Wiggins expects Congress will pass legislation to remove impediments to expanding the reach of U.S. natural gas, both to serve domestic and overseas markets.
NGI’s managing editor of markets Kevin Dobbs joins colleague Leticia Gonzales, managing director of North American natural gas pricing, to size up the state of the U.S. natural gas market facing a demand explosion unlike anything it's seen in years.
The two break down what's driving the surge, from AI-powered data centers that could account for up to 8 Bcf/d demand by decade’s end to a massive LNG buildout adding another 15 Bcf/d over the next five years.
Drawing from the LDC Gas Forums Mid-Continent conference in Chicago, they tackle questions such as: Can production ramp fast enough to meet this demand? Where will the new supply come from? And with forward prices already climbing, what happens if a brutal winter throws another curveball into the mix?
In the latest episode of NGI’s Hub & Flow podcast, NGI’s Christopher Lenton, managing editor of Mexico, sits down with Mexico City-based energy analyst Gonzalo Monroy to explore Mexico’s deep dependence on U.S. natural gas and the country’s uphill battle to develop its own resources.
Monroy, managing director of consultancy Grupo Mexicano de Energía y Construcción, outlines how Mexico’s power sector relies on U.S. pipeline gas, while years of underinvestment and weak regulatory frameworks have left domestic production stagnant. From stalled deepwater and shale projects to the lack of natural gas storage, Monroy explains why efforts to boost production face steep economic and technical hurdles.
The conversation also delves into Mexico’s LNG ambitions, private sector interest in partnering with CFE, and the uncertain role of Pemex—painting a picture of an energy landscape where ambitious plans risk falling short, leaving Mexico tethered to U.S. supplies.
NGI’s Andrew Baker and Kevin Dobbs sit down for deep dive into the state of North American natural gas markets, with a particular emphasis on the western United States and Canada.
The discussion spans key factors shaping supply, demand, and price outlooks – from a coming surge in data center energy needs to abundant Canadian production and persistent infrastructure constraints. Drawing on insights from the recent LDC Gas Forum in Denver, Baker highlights the interplay of emerging demand drivers with today’s elevated supply picture.
The editors also examine what forward curves reveal about fundamentals heading into winter and beyond, offering perspective on where the market may be headed in the months ahead.
NGI’s Jamison Cocklin, managing editor of LNG, is joined by LNG Allies CEO Fred Hutchison for a wide-ranging conversation to discuss the historic buildout of natural gas export infrastructure along the Gulf Coast.
Fifteen export terminals are operating, being commissioned or are under construction. Several more are close to moving ahead. What’s driving the momentum? Will more projects be sanctioned soon? How is the industry navigating tariffs, and how is all the growth likely to impact U.S. natural gas prices? Cocklin and Hutchison answer these questions and touch on other themes shaping the direction of the industry.
In the latest episode of NGI’s Hub & Flow podcast, NGI’s Christopher Lenton, managing editor of Mexico, sits down with Rice University’s Francisco Monaldi, director of the Latin America Energy Program at the Baker Institute.
Together, they dive into the energy policy paradox in the United States, where the push for energy dominance is colliding with market realities, triggering ripple effects across global oil and gas markets.
Monaldi, a leading Latin America energy expert, outlines the challenges for Mexico’s Pemex, which faces a perfect storm of soaring debt, crumbling production, and regulatory barriers that are stifling investment and threatening Mexico’s energy future. While there are faint signs of progress through service contracts and potential projects tapping unconventional resources, Lenton and Monaldi explore why these efforts won’t be enough to reverse Pemex’s downward trajectory and dependence on U.S. natural gas imports.
NGI’s LNG editors Jamison Cocklin and Jacob Dick examine the market implications of Canada’s entry into large-scale LNG exports, following Shell plc’s LNG Canada facility shipping its first cargo in June.
Despite the milestone, Canadian gas prices continue falling relative to Lower 48 counterparts as the country’s producers aggressively ramp production ahead of demand. The discussion dives into the details of LNG Canada’s startup, timelines for other projects advancing on the country’s west coast, and when supply-demand rebalancing could impact U.S.-Canadian price differentials.
The duo also cover the unique advantages Canadian LNG offers, including shorter shipping times to Asia, as well the challenges like building infrastructure in remote areas.
NGI markets editor Chris Newman sits down with Bracewell partners Bryan Clark and Jared Berg to discuss how companies can tap associated gas supply in the Permian Basin to fuel innovative co-located power arrangements and potentially receive higher pricing than at the oft-volatile West Texas benchmark, Waha.
While data centers housing artificial intelligence grab headlines for their massive appetite for electricity, these projects represent a broader trend of associated gas assets being monetized for various in-basin power needs. Bigger projects may solve gas supply issues, but they bring operational complexity. Clark and Berg give examples of existing and proposed off-grid uses and the challenges they face.
NGI’s managing editor of markets, Kevin Dobbs, interviews Pinebrook Energy Advisors’ Andy Huenefeld, managing partner. They delve into supplies in storage, production, weather-driven demand and export activity – with a special focus on prices in the Midwest and East. The latest U.S. Energy Information storage report showed overall inventories were 6% above the five-year average, but surpluses in the Midwest and East were notably leaner after June heat waves in those regions.
While the winter heating season is far off, natural gas storage is in a markedly different situation than last year. There are likely to be ample supplies stocked for next season, but with producers able to fast respond to cash market price signals and LNG feed gas demand bumping as export facilities ramp, Huenefeld details a dynamic season ahead.
NGI markets editors Chris Newman and Jodi Shafto discuss whether long-dormant pipeline projects in the region could finally break ground under the new administration based on Jodi’s takeaways from the recent LDC Gas Forum Northeast conference in Boston.
The duo examine the stark price divide between the pipeline haves and have nots. Appalachian gas traded near zero while New England spiked to $33.50/MMBtu this winter. With data center demand surging, the infrastructure gap could become even more critical.
They discuss industry sentiment on the prospects for reviving projects like Williams' Constitution Pipeline. They also review how the region’s gas pipelines and producers are positioned to handle explosive AI-driven demand.
NGI’s Patrick Rau, senior vice president of research and analysis, checks all the boxes in sharing his expertise about the outlook for U.S. natural gas in a sitdown with NGI’s Carolyn Davis, managing editor of news.
Where are domestic natural gas prices headed into 2026? Pat says it’s not one thing or another, as rising demand is ahead as more LNG export capacity comes online, and as industrial and residential/commercial sector consumption climbs.
E&Ps are likely waiting for bullish natural gas price signals to spur activity in the second half of 2025, but they will be accelerating their activity, according to Pat.
The odds of adding natural gas infrastructure, both midstream and by utilities, also is discussed as hyperscalers compete to build a plethora of data centers.
Mexico’s imports of U.S. natural gas continue to break records despite macroeconomic and regulatory uncertainty. NGI senior editor Andrew Baker and Christopher Lenton, managing editor of Mexico and Latin America, discuss the demand- and supply-side factors shaping Mexico’s gas market, and why it matters for the United States.
Lenton recently attended the U.S.-Mexico Gas Summit in San Antonio TX, where topics ranged from data centers to LNG terminals to the challenges facing state oil company Petróleos Mexicanos, aka Pemex. He breaks down which demand segments are growing fastest, and how they are affected by pricing dynamics north of the border.
In this episode of NGI’s Hub & Flow, NGI Markets Editor Kevin Dobbs talks with Paragon Global Markets LLC’s Steve Blair, managing director of institutional energy sales. The two discuss the summer ahead in natural gas markets, with a special focus on the densely populated and heavy gas-consuming Northeast.
Blair and Dobbs address relatively modest gas production and lingering storage deficits in the East as well as domestic weather demand expectations for the summer ahead and beyond. Wildcards up for discussion include the ongoing buildout of the U.S. export complex and the Trump administration’s on-again, off-again tariffs on imports from Canada and Mexico.
Ben Cahill, director for energy markets and policy at the University of Texas at Austin, joins NGI's Jamison Cocklin, managing editor of LNG, to discuss how the trade war and other challenges could impact rapid U.S. LNG export growth.
They explore supply, demand and price trends that could emerge as the Trump administration works to balance the U.S. trade deficit. They also discuss other challenges like the European Union's methane emissions regulations and LNG production growth in the Middle East that could curb the appetite for North American LNG at a time when it's growing at an unprecedented rate.
A new player has entered North American natural gas markets with data centers to power artificial intelligence on the rise in the United States. Natural gas access to power the facilities is a top concern for the major companies involved in the sector, and demand from new data centers could have a meaningful impact on future gas growth.
NGI’s Leticia Gonzales, managing director for North American natural gas pricing, and senior markets editor Chris Newman dig into this issue. Plus, with summer just around the corner, the duo examine the current state of the market flipping the script for regional price relationships as cooling demand takes over as the major pull on gas use.
With the ramp up of two LNG projects on the Gulf Coast this year and more demand on the way in 2026, all eyes are on the swift rise in prices. But will producers be incentivized to swiftly grow production volumes after a prolonged period of low prices?
NGI's Jacob Dick, senior editor of LNG, talks with East Daley Analytics’ Jack Weixel, senior director of energy analysis, about the price and production outlook headed into 2026 and how volatility may be here to stay.
NGI’s Christopher Lenton managing editor of Mexico, speaks to Sergio Chapa, senior energy analyst at Poten & Partners, on the latest trends in North American LNG and natural gas markets.
Times have changed in the past few months with natural gas roaring to the forefront of the U.S. energy discussion. New LNG facilities are ramping up and other projects have taken on added impetus. How does the Trump administration in the United States impact natural gas supply and demand? How about Mexico projects sourcing U.S. gas? When are major projects like Plaquemines and Corpus Christi Stage 3 ramping up? What about Argentina's LNG ambitions?
Lenton and Chapa get to the bottom of all of this and more.
NGI’sKevin Dobbs, senior markets editor, and Patrick Rau, senior vice president of research and analysis, dig into the state of natural gas fundamentals and price implications.
Coming off earnings season and executive outlooks shared on analyst calls, the two discuss the various factors that could influence producers to further ramp up supply – from key price thresholds to macroeconomic conditions. They also delve into long-term demand drivers, including swelling calls by LNG facilities for feed gas and a growing number of data centers with robust energy needs.
Rau and Dobbs tie together supply and demand and how the various puts and takes could line up to impact natural gas prices this year and beyond.
After back-to-back warm winters, this year’s brutally cold showing has rapidly depleted Lower 48 natural gas inventories, flipping them from surplus to deficit and creating a challenging outlook for the upcoming injection season.
With storage now sitting below five-year averages and record LNG exports consuming more supply, the market faces a steeper climb to rebuild stocks amid caution by producers to bring on more supply. A hot summer could siphon gas away from injections to make the task harder.
NGI’s Leticia Gonzales, managing director of North American natural gas pricing, and senior markets editor Chris Newman examine the market’s dramatic shift from surplus to deficit, producers’ restraint despite higher prices, and the impact of structural LNG demand growth on domestic markets. They also look ahead to how the evolving market fundamentals could shape gas prices through summer and into winter 2025/26.
NGI’s Christopher Lenton, managing editor for Mexico speaks to Wood Mackenzie vice chair for the Americas Ed Crooks on the swirl of executive orders signed by President Trump and how they are impacting natural gas fundamentals. Crooks delves into the outlook for the North American natural gas market and the impacts from tariffs, both those deemed certain and levies yet unknown.
The discussion also covers oncoming LNG supply, and U.S. trade relations with Canada and Mexico, coal-to-gas switching, the recent slowing trend of an energy transition to renewables and how changing rules are being felt in the natural gas market. Crooks explains whether the United States is experiencing an “energy emergency” – or if it is about to be as artificial intelligence comes online.
After a year of regulatory slowdowns for LNG projects, the Trump administration has come in with agency shakeups, policy changes and executive orders. What does it mean for U.S. LNG project development and future natural gas demand? NGI’s senior LNG editor Jacob Dick interviews Arbo’s Tom Sharp, director of permitting intelligence, about what is happening on the regulatory front and why litigation risk still looms large for some LNG export projects.
Despite talk of an energy emergency and regulations that have impeded resource development, U.S. producers have been pumping out more natural gas than ever. However, production levels have shifted widely in recent years, sinking between 2023 and 2024 and now rising again. What will 2025 bring for U.S. natural gas supply? NGI’s Leticia Gonzales, managing director of North American natural gas pricing, and senior markets editor Jodi Shafto delve into the production situation. They discuss recent production trends and the driving forces behind them, what may lie ahead for some of the biggest production basins and the impacts to natural gas prices amid continued capital discipline and drilling efficiencies.
Get up to date on the implications of President Trump’s wave of executive orders (EO), including one to restart approvals of LNG export projects, with NGI’s Jamison Cocklin, managing LNG editor, and Jacob Dick, senior LNG editor.
The two break down a list of projects that could ultimately move forward as a result of the EO. They also review the challenges that remain for LNG projects working to reach a final investment decision. The discussion also examines how a study released by the Biden administration has slowed down President Trump's efforts to fast-track projects and how the new administration is addressing it.
As chilly winter weather took hold of the Lower 48 to start 2025, natural gas cash prices held in a volatile pattern, but they were still elevated compared with winter 2023/24. NGI senior markets editors Andrew Baker and Kevin Dobbs delve into the supply situation – from shrinking storage surpluses to wellhead freeze-offs – and how new LNG demand is factoring into the equation. Plus, as a new presidential administration takes the helm, Baker and Dobbs preview what could be in store for North American natural gas markets if tariffs become law of the land.
Dive into the balance of winter price forecast as NGI’s Kevin Dobbs, senior markets editor, interviews Paragon Global Markets LLC’s Steve Blair, managing director of institutional energy sales. The two discuss the winter ahead in natural gas markets and explore the potential price catalysts.
Blair covers the strengthening production and stout storage situation, as well as domestic weather in LNG demand. He also addresses potential wild cards for 2025, including the ongoing buildout of the U.S. export complex and the incoming Trump administration’s plans for steep new tariffs on imports from Canada and Mexico.
Natural gas demand continues to defy forecasts calling for renewables to halt the fuel's growth in the Lower 48. That’s no surprise to one clean energy investor, Prithvi Ventures’ Rakesh Radhakrishnan, who spoke with NGI’s senior markets editor Chris Newman about how lifecycle costs and other factors would continue to play a huge role in decision making for power resources.
Mexico is the United States’ largest trading partner, with about 75% of the country’s natural gas originating from the Lower 48 states. Cross-border energy trade in 2023 reached $66.5 billion, and imports of U.S. natural gas have increased for years as Mexico’s domestic production has decreased.
With Mexico President Sheinbaum’s recent inauguration, however, the role of state-owned energy companies has been put in question. Now, with former President Trump’s re-election, NGI’s Andrew Baker, senior editor, sits down with Christopher Lenton, senior editor for Mexico and Latin America, to discuss how the cross-border energy trade may evolve. Baker and Lenton dive into the implications for Mexico’s export projects should Trump reverse the Biden administration’s LNG permit pause, as well as the outlook for natural gas demand in both Mexico and the United States as nearshoring and power generation needs evolve.
Spark Commodities CEO Tim Mendelssohn joins NGI's managing editor of LNG, Jamison Cocklin, to discuss how bearish market fundamentals have been driving down freight rates for LNG cargoes. A “massive vessel oversupply,” combined with delays in U.S. LNG export projects, has pushed freight rates well below market expectations.
Mendelssohn explains why these rates could remain low for the foreseeable future and explores the potential implications for the LNG shipping market as new export facilities come online in the years to come.
NGI LNG editors Jamison Cocklin and Jacob Dick discuss the upcoming election and what a Harris or Trump presidency could mean for the U.S. LNG sector. They explore how either candidate may approach new export projects after a lengthy pause on authorizations that was imposed by the Biden administration. The conversation also focuses on Trump's tariff proposals and a potential trade war with China, as well as how down-ballot races could impact U.S. exports.
An "impressive" 500 million tons/year of capacity for carbon capture utilization and sequestration (CCUS) projects in the United States are on the drawing board, designed to trap emissions from natural gas and oil projects. Those ambitions, though, have been tempered by uncertainties that include permitting challenges and public opposition. NGI's Carolyn Davis, managing editor of news, discussed the status of the domestic CCUS sector with Enverus Intelligence Research's CCUS expert Graham Bain, who leads the subsurface group for the energy transition team. The supermajors – including ExxonMobil, Chevron Corp., Equinor SA and TotalEnergies SE – are bankrolling several big projects, mostly in Louisiana and Texas. As Bain explained, if all the U.S. projects now in the queue were to be sanctioned, it would require an overall investment of $73 billion, with nearly one-half poured into carbon technologies and nearly one-third into carbon dioxide pipelines. The challenges are big, but the opportunities are too, he explains.
NGI senior markets editor Jodi Shafto interviews Andy Huenefeld, managing partner at Pinebrook Energy Advisors and contributor to The Energy Buyers Guide report. Huenefeld discusses key factors for the Lower 48 winter heating season that begins on Nov. 1.
NGI’s Christopher Lenton, senior editor for Mexico & Latin America, sits down with one of the leading voices in Mexico's energy sector and the former head of Comisión Reguladora de Energía, Guillermo García Alcocer. The two discuss what could be on the horizon as Claudia Sheinbaum takes the presidential office in Mexico on Oct. 1, including potential shifts in Mexico’s energy regulatory bodies. In addition, with the Sheinbaum administration’s plans for transitioning Mexico’s electric generation mix coming to a head with rising energy demand, García Alcocer explains what could be required of both domestic natural gas supplies as well as U.S. imports. How could Mexico’s electricity, exploration and production, and LNG sectors be impacted by nearshoring? How could Mexico’s relationship with the United States be impacted as the two work to build their economies?
With natural gas prices having hovered around $2/MMBtu through much of 2024, NGI’s Pat Rau, senior vice president for Research & Analysis, delves into what may happen with producer activity moving into next year. Publicly traded producers have been on a tight leash the last five years in terms of production growth, he notes. With new LNG export capacity around the corner, however, publicly traded Lower 48 exploration and production (E&P) firms may push annual gas production above 5% year/year growth in 2025. Rau highlights other key developments at the end of 2024, particularly for Permian Basin E&Ps.
Meanwhile, as discussions on artificial intelligence-driven data centers turned the tide on estimates for peak natural gas-fired generation earlier this year, Rau covers the latest prognostications for the emerging demand source.
From rising costs, construction delays and an increasing number of regulatory hurdles, U.S. LNG projects have seen a bevy of challenges this year, but how impactful really are the new obstacles? Baker Botts' Jason Bennett, department chair of global projects and co-chair of energy, discusses the near-term global natural gas market dynamics and domestic policies shaping the development of U.S. liquefied natural gas export capacity with NGI's Senior LNG Editor Jacob Dick.
Despite rising complications, there is still strong demand for LNG, according to Bennett. One way or another, buyers will seek to fill LNG demand – and the U.S. natural gas market remains a strong supplier.
Susan Sakmar, a visiting law professor at the University of Houston Law Center and board member at Flex LNG Ltd., joins NGI’s LNG Managing Editor Jamison Cocklin to discuss the state of the global natural gas market as summer nears an end.
The two review geopolitical tensions and supply security issues that are likely to factor heavily into the liquefied natural gas market this winter heating season. The conversation covers the recent court decision impacting Rio Grande and Texas LNG projects that could have far-reaching impacts for other export terminals under development. Sakmar and Cocklin also discuss some of the key events that have shaped the market in recent years, and how they are likely to influence its future.
Halfway through the summer, U.S. natural gas prices have struggled to gain momentum. NGI's team of markets reporters discuss the supply and demand factors at play in the market, and where natural gas prices may be heading into the winter and beyond.
Poten & Partners LNG industry analyst Sergio Chapa sits down with NGI’s Christopher Lenton, senior editor for Mexico & Latin America, to survey the current North American liquefied natural gas industry scene. They talk through the impacts of former Hurricane Beryl on Gulf Coast infrastructure. Chapa and Lenton also discuss the state of the Biden administration’s pause on U.S.-based LNG export projects and the implications for international competitors. Has the pause given impetus to other projects? How are Mexico LNG projects advancing in the wake of the regulatory back-and-forth?
CEO Amy Andryszak of the Interstate Natural Gas Association of America sits down with NGI's Carolyn Davis, managing editor of News, to share the opportunities and the concerns ahead for natural gas operators. Natural gas consumption is tracking higher, with industrial, commercial and residential use growing. Data centers are on the radar, as are expanded LNG exports. The question is, can natural gas pipeline capacity keep pace in light of the regulatory hurdles operators have to jump?
Join NGI's Patrick Rau, senior vice president of Research & Analysis, for his quarterly review of North American natural gas earnings calls as he discusses the possibility of EQT Corp. reversing output cuts. Other factors are expected to influence markets at the start of summer, including a slowdown in merger and acquisition approvals. Plus, the latest on data center opportunities and updates on Canada and Mexico.
Mexicans head to the polls this weekend in the biggest election in the country's history, with over 20,000 positions up for grabs and the near certainty that citizens will elect Mexico’s first female president. Claudia Sheinbaum of the establishment Morena party is the favorite against opposition candidate Xóchitl Gálvez. Each offers a distinct vision for the country's future. In this episode of Hub & Flow, NGI’s senior editor for Mexico and Latin America, Christopher Lenton, chats with natural gas expert Eduardo Prud'homme on both candidates' main policy positions. They also get into the energy deficits in Mexico, U.S.-Mexico natural gas trade, and what the country’s gas market could look like under the potential future administrations, along with a lot more.
In this episode of NGI’s Hub and Flow, NGI’s Carolyn Davis, managing editor, is joined by Carson Kearl, the lead analyst for Enverus Intelligence Research about data centers and advanced energy technologies. Power generation for the energy-intensive centers is expected to grow across the Lower 48 by double-digits in the next few years, and Kearl shares recent Enverus research on the implications for the domestic natural gas market.
Neil Chatterjee, a former FERC chairman and commissioner, joins NGI’s Jamison Cocklin, managing editor of LNG, to discuss the political and regulatory aspects of President Biden’s pause on authorizing new liquefied natural gas export projects.
Chatterjee, currently an environmental and energy attorney at Hogan Lovells in Washington, DC, discusses the legality of the pause, the U.S. LNG review process and the deadlock at FERC that’s slowing down projects like Venture Global LNG Inc.’s CP2 facility.
Energy and environmental policy expert Chris Treanor, executive director of the Partnership to Address Global Emissions (PAGE), joins NGI Senior Editor of LNG Jacob Dick to recap some of the highlights from CERAWeek by S&P Global in Houston and what could be ahead for the natural gas industry during this election year. Treanor and Dick discuss the need for constructive policies around LNG and natural gas generally, in order to meet climate goals while protecting energy security for the United States and its allies. Treanor shares his reaction to comments made by Energy Secretary Jennifer Granholm at the conference, as well as his thoughts on the Biden administration’s pause of LNG export approvals.
In the latest episode of NGI’s Hub & Flow, NGI Senior Markets Editor Kevin Dobbs interviews Paragon Global Markets LLC’s Steve Blair, managing director of institutional energy sales.
Blair addresses production and supplies in storage, domestic weather and LNG demand, and sets the stage for the summer ahead in natural gas markets.
Blair noted that, while prices are currently suppressed following a mild winter and record production during the heating season, natural gas output in recent weeks has come off record highs. Major producers such as Chesapeake Energy and EQT Corp. have publicly announced efforts to scale back production to align supply/demand. Forecasts, meanwhile, point to another hot summer. Longer term, LNG export facilities are poised to open soon on the Gulf Coast to meet growing global gas needs. Should demand rise in parallel with lower production, markets could rally.
Blair and Dobbs delve into the state of natural gas markets.
NGI senior editor Chris Lention interviewed Mexico energy expert Rosanety Barrios in the latest NGI podcast. Barrios is the head of the energy team for Mexican presidential candidate Xóchitl Gálvez, who remains behind in polling but is gaining ground on the establishment pick, Claudia Sheinbaum. Topics discussed included Gálvez’s plans for the energy sector, focusing on the role of natural gas. They dive into how natural gas pricing plays into energy security, as well as LNG export projects, the future of refineries and the burning of fuel oil. They discuss how Cenagas will be employed in a new government, including open access policies, the transformation of the state companies CFE and Pemex, jump-starting Mexico's natural gas production, and ultimately what Barrios would prioritize if she were to become Mexico's next Energy Minister.
What is the outlook for North American natural gas? We discuss this and more in NGI's latest podcast diving into energy company fourth quarter earnings reports, Wall Street’s consensus estimates and thoughts on the quarterly Nabors Industries Ltd. survey of major U.S. E&P customers and how predictive it is of rig counts.
Flex LNG CEO Oystein Kalleklev joins NGI's Senior LNG Editor Jamison Cocklin to discuss attacks on commercial vessels in the Red Sea and how the security situation is impacting the global natural gas market.
Flex owns a fleet of LNG carriers. The episode explores why the attacks have so far done little to disrupt LNG shipping and how that could change if they continue longer-term. Kalleklev also weighs in on the Biden administration's decision to pause U.S. export authorizations.
After the Jan. 26 announcement from the Biden administration that Department of Energy authorizations for new LNG export projects will be paused for an open-ended period, speculation has swirled about what that could mean for the industry and global supply.
Rapidan Energy Group's Alex Munton joins NGI's Jacob Dick to discuss what it means, why it happens and which developing projects might be the most impacted.
At a recent energy conference in the booming border town of Monterrey, NGI Mexico Senior Editor Chris Lenton was among panelists exploring the changing dynamics of the Mexico natural gas market. In this podcast, NGI North America Senior Editor Andrew Baker interviews Chris on the main takeaways from the conference from his viewpoint along with major industrialists, businessmen, traders and government officials in Mexico. They discuss the upcoming election in Mexico, the overall mood in the country, how the market has changed under the six years of President Andres Manuel Lopez Obrador, and how the U.S. pause on export licenses for LNG could impact Mexico LNG projects and perhaps even pipeline shipments.
After one of the warmest Decembers on record, Old Man Winter arrived in grand fashion in January, sending temperatures plunging and natural gas prices skyrocketing. NGI Price & Markets Editor Leticia Gonzales is joined by Senior Markets Editors Kevin Dobbs, Chris Newman and Jodi Shafto to discuss the impacts the Arctic blast had on natural gas prices, production, storage, midstream infrastructure and the power grid. Is the natural gas market prepared for another frigid spell in February? NGI's Thought Leaders share their insights on the latest winter storm and the expectations for the rest of winter in the latest episode of NGI's Hub & Flow.
In the latest episode of NGI’s Hub & Flow, NGI Senior Markets Editor Kevin Dobbs interviews Thomas Saal, senior vice president of energy at StoneX Financial.
Saal digs into supplies in storage, record production, speculators' impact, moderate winter weather-driven demand so far and LNG export activity – the myriad pieces that make up the winter supply/demand puzzle and how they may impact prices through the heating season and beyond.
Saal and Dobbs spoke shortly after the latest Energy Information (EIA) storage report was released on Thursday. EIA printed a 117 Bcf withdrawal for the week ended Dec. 1. It marked the second consecutive triple-digit pull of the season. Yet inventories remained nearly 7% above the five-year average for this time of year.
Record production in November that topped 106 Bcf/d, combined with mostly benign weather through the fall, accounted for much of the difference. But the overall natural gas picture is more complicated than that. Dobbs and Sall delve into more detail.
Mexico’s demand for U.S. natural gas continues to mount, and 2024 appears no different. Following a recent cross-border conference, NGI’s Christopher Lenton and Andrew Baker read the tea leaves regarding market sentiment while diving into the various factors driving Mexico’s growing demand for U.S. natural gas, including power generation, LNG projects and nearshoring, as well as the implications of Mexico’s upcoming presidential election.
Amid an increasingly positive outlook for natural gas, North American midstream companies stand ready to connect supply with demand markets in the Lower 48 and beyond. NGI's Leticia Gonzales, Kevin Dobbs, Josiah Clinedinst and Josten Mavez discuss the slew of pipeline, gathering and processing projects planned in the U.S., as well as the natural gas pricing dynamics driving those developments and the projects that lie ahead.
Join NGI's Patrick Rau for his quarterly review of North America natural gas earnings calls as he discusses whether the recent ExxonMobil/Pioneer and Chevron/Hess deals have ushered in the next wave of M&A activity among larger cap E&P names, the latest on U.S. LNG and an early look at 2024 U.S. producer activity.
Abaxx Chief Commercial Officer Joe Raia joins NGI’s Senior LNG Editor Jamison Cocklin to discuss Abaxx’s ongoing efforts to launch a new commodity exchange that will list LNG, nickel and carbon futures initially.
Abaxx’s new regulated futures clearinghouse will be the first launched in over a decade. Its plans to list physically settled contracts for the three major LNG markets in Northwest Europe, North Asia and the Gulf Coast comes as the global gas market is searching for a better benchmark to manage increasing risk and volatility. Those contracts are coming closer to being a reality after the company completed its latest round of financing to secure nearly $20 million.
In the latest podcast, NGI's Mexico Editor Christopher Lenton interviews Tony Payan, Director, Center for the United States and Mexico at Rice University’s Baker Institute for Public Policy. The focus of the podcast is on the upcoming presidential election in Mexico. The race is down to Claudia Sheinbaum of President Andrés Manuel López Obrador's Morena party and Xochitl Gálvez of the opposition coalition who is rising rapidly in polling. Who might win is the big question, but also what are their positions, and how might each differ from López Obrador? It promises to be a fascinating period between now and June's vote, and this podcast is essential listening as a guide on what to expect.
In the latest episode of NGI’s Hub & Flow, Senior Markets Editor Kevin Dobbs interviews Steve Blair, senior account executive at Marex North America LLC. Blair addresses possible production cuts, supplies in storage, weather demand, Australian LNG strikes, war in Russia and more – setting the stage for winter supply/demand and what may happen with prices through the heating season.
As Blair noted, many analysts think falling rig counts are starting to contribute to lower output estimates. At the same time, winter weather is around the corner and new LNG export facilities are poised to open soon on the Gulf Coast. If these demand drivers develop in concert with lower production, markets could rally. Blair and Dobbs explain why.
NGI LNG editors Jamison Cocklin and Jacob Dick give an update on dozens of LNG export projects that are advancing across North America. They review what’s under construction and what’s been proposed, and examine the prospects for projects that haven’t been sanctioned, as well as the challenges facing projects at all stages of development.
Perhaps no theme during 2Q23 North American natural gas earnings conference calls was discussed more than the need for L48 natural gas production to increase in order to service the next wave of U.S. natural gas export facilities. NGI's Patrick Rau discusses factors that may both support and impede that effort.
Natural gas demand for power generation has soared to new heights this summer as record heat in June and July fueled air-conditioning consumption. LNG demand also is trending higher year/year as Freeport’s return has kept feed gas deliveries strong in spite of seasonal maintenance at other facilities. This begs the question: Why are natural gas prices in the dumps, and when can we expect the market to move closer into balance?
In this episode of the podcast, NGI Price & Markets Editor Leticia Gonzales is joined by Price Analysts Josiah Clinedinst and Josten Mavez to discuss everything from production trends to pipeline outages, as well as what may lie ahead for the natural gas market in the coming months.
Volatility in the North American oil and gas market is nothing new, as global commodity prices fluctuate in response to constant supply and demand changes. The number of drilling rigs in operation – and where – is a major indicator of oil and gas supply, in that it speaks to well completion activity and future production. In this episode of the Hub & Flow podcast, Natural Gas Intelligence managing editor Carolyn Davis speaks with Primary Vision Network CEO Matthew Johnson, whose company each week publishes the Frac Spread Count, and they dig into where the U.S. drilling rig market is today and where it is forecast to be in the months to come.
Rapidan Energy Group’s Alex Munton, director of global gas service, joins NGI’s Senior LNG Editor Jamison Cocklin, to discuss how U.S. regulators are stepping up efforts to more closely scrutinize LNG export authorizations as global gas trading booms. They analyze the U.S. Department of Energy’s recent decision to more firmly impose deadlines for starting exports and establish conditions for acceptable delays. The conversation also explores how the policy has limited the path forward for Lake Charles LNG and the major hurdles it could create for about a dozen other U.S. export projects trying to move ahead.
NGI's Leticia Gonzales, Price & Markets Editor, talks to the RNG Coalition's Dana Adams, Manager of Legislative Policy, to discuss natural gas' essential role in the transition to a clean energy future. In this episode of Hub & Flow, Adams shares her insights into how renewable natural gas, carbon capture and sequestration, weatherization and clean heat policies are paving the way for the U.S.
NGI Senior Markets Editor Kevin Dobbs interviews Steve Blair, a senior account executive at Marex North America LLC. Blair tackles production, supplies, weather demand, LNG and more – essentially setting the stage for summer supply/demand and what may happen with prices through the peak cooling season.
Lower production in June has largely been attributed to planned maintenance. But some analysts think falling rig counts are starting to contribute to lower output estimates. At the same time, the South is cooking and other regions are warming fast. National Weather Service long-range forecasts point to at least average heat in July and August. There is also the potential for an uptick in liquefied natural gas demand in the coming months. If these demand drivers develop in concert with lower production, markets could rally. Blair explains why.
In the latest episode of the Hub & Flow podcast, NGI's senior Latin America editor Chris Lenton chats to Comisión Nacional de Hidrocarburos (CNH) Commissioner Hector Moreira, PhD, about the major trends shaping Mexico's upstream sector. They dig into what's behind the rising natural gas production trend; whether Mexico will restart bidding rounds; how effective Petróleos Mexicanos, or Pemex, has been in bringing down flaring; the increasing need for a domestic natural gas price index in Mexico; and how big the promise of nearshoring could be, and what it means for the energy sector.
Diving into annual FERC 552 Data, NGI’s Research & Strategy Director Patrick Rau analyzes what this required filing reveals about leading the U.S. natural gas market. Who leads the pack in terms of buying, selling and marketing natural gas in the United States? Tune in to Episode 110 of NGI’s Hub & Flow podcast to find out.
Structural changes have led to a surge in demand for U.S. underground natural gas storage capacity, but capacity additions have been non-existent for the last decade plus. Is more on the way? Plus, a quick primer of the industry, including market share statistics.
Port Arthur reached FID earlier this year, but a recent decision from the U.S. Department of Energy could compromise many partially contracted projects going forward. Things appear to be pointing up in Mexico, and Canada could be preparing for another FID of its own.
The transportation sector has the highest reliance on fossil fuels, and with the International Energy Agency estimating that to get the sector up to speed with net zero goals – which it currently is not – emissions would need to drop to 6 gigatons (Gt) of carbon dioxide on an annual basis by 2030. For reference, the agency estimated that in 2021, emissions from the global transportation sector rose to 7.7 Gt after falling to 7.1 Gt during the Covid-19 pandemic in 2020. Three decades ago, it appeared natural gas vehicles (NGV) would drive the United States over the bridge to a more sustainable transportation sector. However, as electric vehicle (EV) technology has evolved, and as U.S. consumers have shown more favorability to EVs in the passenger vehicle market, NGVs have shifted to the heavy-duty transportation sector. NGI Senior Analyst Josten Mavez discusses why this shift occurred and how natural gas could continue to promote decarbonization in the transportation sector despite EVs’ takeover.
NGI's Jacob Dick, associate editor of LNG, talks with Ira Joseph, global fellow with Columbia University's Center on Global Energy Policy, about the global LNG price risks that still abound despite a relatively calm winter. Joseph shares his insight as a veteran global gas market analyst and researcher to provide context for where prices could be heading next and why Europe's energy crisis is far from over.
NGI Mexico and Latin America Editor Chris Lenton chats to LNG analyst Sergio Chapa of Poten & Partners about LNG in Mexico in the aftermath of the war in Ukraine. Which projects are getting built? What about Fast LNG? How is financing changing in the LNG segment in Latin America, and what are the advantages of Mexico LNG exports? This and more in the latest NGI podcast.
NGI's Patrick Rau discusses the slow pace of project FID decisions, potential longer-term challenges to future U.S. onshore LNG liquefaction projects, and touches on how the recently announced supply arrangement between Chesapeake and Gunvor could impact U.S. gas supply.
NGI Managing Editor Carolyn Davis chats with editors Kevin Dobbs, Morgan Evans and Jacob Dick about the most interesting things they heard during the 2023 CERAWeek by S&P Global in Houston. The editors talk permitting, exclusive insight from players in the LNG industry and the latest talk about natural gas in the energy transition.
Senior LNG editor Jamison Cocklin and special contributor Brad Hitch discuss Hitch's new column that was launched for NGI's LNG Insight earlier this year. Hitch, an industry veteran and a former LNG trader, discusses the need for better information in the global gas market, along with broader trends impacting the sector, including the impact of growing U.S. liquefaction capacity, and what to expect in the coming years as Europe continues to displace Russian gas.
NGI's expert markets editor Leticia Gonzales, joined by associate editor Morgan Evans, answers some pressing questions on California's exceptionally high natural gas prices this winter, how they compare to the surrounding regions, and weather- and infrastructure-related elements that have pushed prices upward since the start of the season. Evans also discusses how these prices have caught the interest of regulators and California's consumers, and what utilities are doing to help ease the financial burden on their customers.
NGI senior editors Andrew Baker and Kevin Dobbs discuss the outlook for North American natural gas prices in 2023. They address factors including a mild weather start to the year, robust U.S. production, the Freeport LNG outage and the potential for future increases in export capacity. Baker and Dobbs also delve into how Canada and Mexico fit into the North American supply and demand picture – from how pipeline constraints in the United States impact Canadian natural gas prices to the prospects for increased U.S. gas exports to Mexico.
Senior LNG Editor Jamison Cocklin and Associate LNG Editor Jacob Dick discuss the downward trend of European and Asian natural gas during the start of the year. They also talk about the implications of mild winter weather, strong gas storage levels and low prices on global LNG markets, including U.S. terminal contracting.
What will be the main themes in energy in Latin America in 2023? NGI Latin America editor Christopher Lenton chats to Rice University's Francisco Monaldi about the major natural gas and oil themes from Mexico down to Argentina, in a world upended by Russia's invasion of Ukraine. Will Latin America export more LNG? Will it provide more oil barrels to the global market to replace Russian deliveries? Listen in to find out what to expect in Latin America energy in 2023.
In the past two weeks, seven power stations have been hit by attacks. The Department of Homeland Security is considering domestic terrorist attacks intended to disrupt U.S. energy infrastructure. NGI's Senior Energy Analyst Shaylon Stolk discusses what the attacks on utilities in Washington, Oregon, and North Carolina might mean for the energy market and the natural gas industry in the political context of U.S. cooperation with Europe to address their natural gas shortages.
The United States has already taken a $29 billion hit from extreme weather events this year. With unusual weather becoming the new normal, building energy infrastructure that can survive the onslaught has become a major priority. NGI's Senior Energy Analyst, Shaylon Stolk, discusses how utilities are trying to balance the urgent need for new energy infrastructure to meet increasing demands and the long-term necessity of heavily weatherized natural gas and power grids that can adapt to the changing climate.
The world can't get U.S. LNG fast enough, but several major potential onshore U.S. liquefaction projects are saying not so fast, and are pushing out their potential FID dates. We believe there are a number of factors behind this, including the potential rise of Fast LNG.
The Haynesville and Marcellus are like the Tale of Two Cities in terms of building natural gas takeaway capacity, and new pipeline projects are being planned to accommodate rapid growth from the Haynesville. Most of that new capacity will serve LNG exports, and most of it will route through Gillis, Louisiana. But just how liquid a trading hub might Gillis become?
As winter approaches, countries throughout Europe are struggling to fill the gap in energy supply left by Russian gas. NGI Associate Editor Jacob Dick and Sr. Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its energy needs, and how existing political tensions within the UK might be exacerbated by the energy shortage.
Waha gas typically trades at a large basis discount to the Henry Hub, and at times, prices in the Permian have been negative. Most of the industry focus is on increasing takeaway capacity to the Gulf Coast region, but what about west toward California and south to Mexico? We discuss several developments that could help increase the flow of Permian gas in those directions.
The pace of U.S. natural gas production has increased in recent months, but will the momentum continue into 2023, especially considering the potential for a U.S. recession? Longer-term, drilling inventory is the lifeblood of producers, and a growing area of concern among investors. How those shape up in the years ahead will have a major impact on future gas prices.
NGI LNG editors Jamison Cocklin and Jacob Dick walk listeners through the latest on the Freeport LNG outage. They discuss when the terminal on the Upper Texas Coast is likely to restart operations after a June explosion knocked the LNG export facility offline, the findings of a root cause failure analysis and implications for other U.S. terminals, among other things.
The US coal fleet has been rapidly retiring in the past decade in favor of natural gas and shows no signs of making a comeback. NGI's Senior Energy Analyst Shaylon Stolk discusses what Europe's 2022 energy crisis can teach us about the post-coal power market and what this could mean for the future of natural gas.
NGI Latin America editor Christoper Lenton sits down with Mexico energy expert Rosanety Barrios to talk about Mexico's natural gas market in light of global turmoil after Russia's invasion of Ukraine. They talk about how Mexico is now competing for natural gas with LNG export to Europe and Asia, the perils of energy security in the new world order, and how Mexico needs to adapt – from releasing pipeline capacity to opening more exploration rounds, from rewriting policy to progressing key infrastructure projects. With an unrivaled perspective on today’s political environment and its impact on Mexico’s energy security, they get to the bottom of the reality of Mexico's current natural gas market.
In recent years, extreme and unusual winter weather has sent the natural gas and electricity markets into chaos, turning the Polar Vortex into an energy market boogeyman. NGI’s Senior Energy Analyst Shaylon Stolk goes back to her academic roots in climate modeling to discuss how the Polar Vortex works, how much we can predict, and how an extreme winter storm might affect this winter's natural gas marketplace.
Spark Commodities CEO Tim Mendelssohn joins NGI’s Jamison Cocklin, editor of LNG Insight, to discuss the growing gap between the price of LNG landing in Europe and pipeline hubs on the continent like the Title Transfer Facility. The conversation also touches on proposals from European governments to develop a liquefied natural gas index and other factors currently driving the global gas market, such as record-high freight rates.
Please join Patrick Rau, NGI’s Director of Strategy and Research, for the final of NGI’s three-part series on how the market analyzes and anticipates Henry Hub natural gas prices. We conclude this series by discussing signals that may yield clues to potential future price direction and volatility.
Some call technical analysis "voodoo magic," and the subject has been scorned by many market fundamentalists. Nonetheless, Natural Gas Intelligence believes there is ample evidence to suggest that technical analysis is not only used by Henry Hub futures traders, but that it can also impact natural gas prices. Join Patrick Rau, NGI’s Director of Strategy and Research, in this podcast series to learn more about some of the more popular technical tools to analyze and forecast Henry Hub natural gas prices.
Trying to understand where the price of natural gas at the Henry Hub is headed? We at Natural Gas Intelligence have covered the North American natural gas market since the early 1980s, and have learned a thing or two about how the market analyzes and forecasts Henry Hub prices. While this discussion is not a price forecast on our part, we believe it can help you better frame your approach going forward. Join Patrick Rau, NGI’s Director of Strategy and Research, on episode 83 of NGI’s Hub & Flow podcast to learn more about what to watch when analyzing the North American natural gas market.
Will natural gas have a place at the energy matrix table for the next century? Episode 82 of NGI’s Hub & Flow podcast features NGI Senior Markets Editor Kevin Dobbs interviewing Liberty Energy CEO Chris Wright, who is bullish on natural gas demand for many years to come. Against that backdrop, Wright shares why he thinks robust natural gas demand will endure and why the “energy transition,” in his view, is not really a transition at all – but rather a gradual shift to more varied sources of energy that could take centuries to fully develop.
Pressure from regulators and investors has the natural gas industry scrambling to meet new environmental standards and net-zero emissions goals. Many new technologies and services are claiming to help, but do they work? NGI’s Senior Energy Analyst Shaylon Stolk dives into which decarbonization methods being marketed to the natural gas industry might provide surprise economic benefits, and which ones are just hot air.
NGI talks to Primary Vision's Matt Johnson, CEO, to discuss how refracturing wells, or refracs, could be an alternative to hydraulic fracturing in the Eagle Ford and Haynesville shale formation, the Permian Basin, and elsewhere. In his conversation with NGI's Matthew Veazey, Johnson also explains why refracs need to be part of the broader national conversation about energy security.
NGI Price and Markets Editor Leticia Gonzales is joined by East Daley Analytics Vice President of Analytics Rob Wilson to discuss the recent spike in natural gas production. Will suppliers be able to sustain the higher levels of output throughout this winter and beyond? Importantly, will the coming supply growth be enough to satisfy raging demand? Find out by listening to the latest episode of NGI’s Hub and Flow.
California is the latest state to experience an energy emergency brought on by extreme weather. This crisis comes just as the Inflation Reduction Act and California's ambitious climate initiatives call for more electrification, adding to the political fracas around the electricity shortage. Join NGI’s Senior Energy Analyst Shaylon Stolk as she explores the underlying problems that have been holding the U.S. power market in a gridlock at the expense of both renewable energy and natural gas.
NGI is pleased to announce we have begun including our daily and monthly Henry Hub spot market indexes in our LNG Insight service. We believe this will help promote greater international natural gas price transparency, especially as the United States adds to its role as the incremental provider of global gas supply.
Although some may not realize it, natural gas supplies are important to oil refineries. Kevin Waguespack, Houston-based CEO with the engineering consulting firm Baker & O'Brien Inc. tells NGI's Matthew Veazey about what higher natural gas prices have meant for refiners in the U.S. and elsewhere.
The market certainly thinks U.S. natural gas price volatility is here to stay; and given structural changes from tightening supply/demand fundamentals, international developments, and policy changes in the U.S., we very much agree. Join NGI's Patrick Rau as he breaks down the main fundamental contributors behind current and expected future U.S. natural gas price volatility.
NGI's Leticia Gonzales is joined by RBN Energy managing editor Sheetal Nasta to discuss the record high prices seen this summer in the U.S. Southeast. From robust power burns to tight pipeline capacity, as well as what may lie ahead in the coming months, Leticia and Sheetal lay it all out in the latest episode of NGI's Hub & Flow.
The US Transportation Security Administration (TSA) recently revised and reissued its cybersecurity requirements for natural gas and oil pipeline owners and operators. Emily Mallen, a Washington, DC-based pipeline regulatory attorney in the Energy Practice of the global law firm Sidley Austin LLP tells NGI's Matthew Veazey what the changes could mean for pipeline companies.
NGI Price & Markets Editor Leticia Gonzales is joined by Haynes & Boone partner Diana Liebmann to discuss the record hot summer Texas is experiencing and how the electric grid monitor is coping. In the aftermath of Winter Storm Uri, have the changes implemented by the Electric Reliability Council of Texas helped improve reliability? Listen now.
Paul Cicio, CEO of the Industrial Energy Consumers of America (IECA), joins Jamison Cocklin, NGI’s senior editor of LNG, to discuss the role that rising LNG exports have had in pushing U.S. natural gas prices higher. IECA represents thousands of energy-intensive facilities across the country. The organization has been working for years to curb the rapid pace of LNG export growth as the manufacturing sector faces rising prices and stronger competition from overseas.
PwC US recently released its midyear outlook for natural gas and oil dealmaking, and the firm anticipates more activity on that front. NGI Associate Editor Matthew Veazey chats with PwC's Seenu Akunuri about investors' growing appetite for traditional oil and gas deals. Moreover, Akunuri outlines what goes on in deals involving public and private companies, recent trends, and what to watch through at least mid-2023.
Global eyes are on Mexico’s Pacific Coast as LNG liquefaction projects progress to export U.S.- sourced natural gas. In this episode of Hub & Flow, NGI’s Mexico & Latin America editor Christopher Lenton is joined by Mexico Pacific Limited Chief Commercial Officer Sarah Bairstow to talk about their LNG export project in Mexico’s Sonora State, growing demand for natural gas and the opportunities that creates for Mexico as a budding LNG export country.
In this latest installment of Hub & Flow, Senior Markets Editor Kevin Dobbs delves into NGI's quarterly natural gas marketer rankings, looking ahead to assess the natural gas supply/demand picture for the balance of 2022. Top North American natural gas marketers collectively boosted sales volumes in 1Q2022, gaining ground amid robust domestic activity and an acceleration of global demand for exports of LNG, according to NGI’s quarterly tally.
The war in Ukraine has completely upended the global energy system. Still, companies, governments and investors continue to charge ahead with renewable energy plans -- including renewable natural gas and hydrogen -- in the quest to bring down emissions and meet net zero targets. In this episode of Hub & Flow, NGI senior editor Chris Lenton talks to NGI senior analysts Shaylon Stolk and Josten Mavez about the renewable energy landscape and how natural gas fits into the mix.
Lithium is one of the key raw materials in the energy transition, and it is a byproduct of oil and gas production – a component of the salty brines that accompany hydrocarbon production. The oil and gas industry is increasingly exploring how to extract lithium from produced water. As oil and gas producers contemplate becoming lithium producers as well, raw materials traceability via digitized supply chains is receiving more attention from the extractive industries as well as manufacturers and governments. In this installment of NGI's Hub & Flow podcast, Jess Green of UK-based Circulor talks to NGI Associated Editor Matthew Veazey about the growing importance of traceability along the supply chain for lithium from the standpoint of environmental, social, and governance – or ESG – compliance.
Global demand for natural gas continues to skyrocket in the wake of Russia’s invasion of Ukraine. Helping to offset supply into Europe and Asia, demand for U.S. LNG exports have also risen, subsequently boosting natural gas prices at Henry Hub to +10-year highs. Companies around the world are fast-tracking infrastructure developments – from FSRUs to new train expansions, from pipeline construction to deepwater Fast FLNG – in an effort to boost LNG imports and exports. With mounting export projects moving forward as quickly as possible across the U.S. and Mexico, will exploration & production in the Haynesville, Permian and Marcellus be able to feed these demand centers? Join Patrick Rau, strategy and research director at Natural Gas Intelligence, as he puts the global natural gas puzzle pieces together in this episode of NGI’s Hub & Flow podcast.
Join NGI’s Director of Strategy & Research Pat Rau as he discusses the elephant in the energy room - the apparent fundamental disconnection between U.S. production and global demand. If you have been wondering why publicly traded producers in the United States haven’t ramped up supply to meet staggering demand growth, this episode is for you.
NGI’s Jamison Cocklin, senior editor of LNG, and Patrick Rau, director of strategy and research, discuss their takeaways from a trip to Vancouver, British Columbia, to cover the Canada Gas & LNG Exhibition and Conference. Join this episode as they dive into Canada’s prospects to get more LNG projects built in the face of regulatory delays and an increasingly crowded global market.
Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America, as they discuss the global natural gas market fundamentals, prices and opportunities ahead. Drilling down on LNG and natural gas markets in South America, with a keen eye on Bolivia, Argentina, Chile, Brazil and Venezuela.
Though typically a quiet time in the natural gas market, this spring has been anything but. Natural gas prices have surged from $5.00 in mid-March to more than $8.00 in mid-April. NGI Price & Markets Editor Leticia Gonzales is joined by Aegis Hedging Solutions' Nick Hillman, associate of market analytics, to discuss the myriad factors influencing U.S. natural gas prices ... and when they may begin to come off their recent highs.
Join NGI’s Strategy & Research Director, Patrick Rau, as he lays out the current supply/demand fundamentals affecting North American natural gas prices today and what the market might look like in the near future. From drilling rig counts to pipeline projects, European demand for U.S. LNG exports to growing production in the Permian, cash flow impacts to inventory -- this episode of NGI’s Hub & Flow podcast gets you up to speed on what’s impacting the industry, following the latest quarterly reports.
NGI Associate Editor Matthew Veazey talks about global and U.S. natural gas market trends with Dustin Meyer, vice president with the American Petroleum Institute.
Nick DeIuliis, the CEO of Appalachian producer CNX Resources Corp., joins NGI Senior Editor Jamison Cocklin to discuss the intersection of politics, energy and the future of natural gas in the United States and beyond.
In this latest Hub & Flow podcast, NGI Senior Editor Christopher Lenton sits down with Gadex Consultant Eduardo Prud'homme to look at how Russia's invasion of Ukraine is impacting global natural gas markets and in particular the ripple effects in Mexico. They talk about whether this will lead to new LNG export projects, what might happen to Mexico regulation and projects going forward, how Mexico's government is responding to the war, and the relationship between growing global natural gas exports and local pricing. This and much more.
NGI's Leticia Gonzales, Price & Markets Editor, and Patrick Rau, Director of Strategy & Research, provide you with a highlight reel of some of the natural gas market's major drivers this winter. From monster snowstorms and record LNG export demand to pipeline adequacy concerns and production growth, NGI's experts discuss the impacts these factors and others are having on natural gas prices this winter.
This episode of the Hub & Flow podcast explores the implications for natural gas markets as rising geopolitical tensions between Russia and Ukraine continue. Anna Mikulska, nonresident fellow in energy studies at Rice University’s Baker Institute, joins NGI’s Jamison Cocklin, senior editor of LNG, to discuss how the standoff is impacting European gas markets and LNG trade.
Join NGI’s Mexico & Latin America Editor Christopher Lenton and Senior Research Scholar at the Center on Global Energy Policy at Columbia University Dr. Luisa Palacios as they discuss what is driving the shift in energy supply, demand and consumption in Latin America. From falling natural gas production in Bolivia to the unreliability of hydroelectricity across the region due to climate change, from spiking LNG imports to political investment strategies, this podcast will get you up to speed on why 30% of U.S. LNG exports are going to Latin America.
No shortage of excitement for the first week of 2022 – the U.S. has already experienced its first big freeze of the new year. Join NGI’s Price & Market’s Editor Leticia Gonzales and VP of Research at Criterion Research James Bevan as they break down how the natural gas market fared – amid plunging temperatures, pipeline freeze offs, shrinking storage levels and near-record export demand. Looking forward to the weather outlook for North America, this episode of NGI’s Hub & Flow podcast will warm you up with plenty of market insight for the season ahead.
NGI editors Matthew Veazey and Leticia Gonzales discuss the natural gas standby generator backlog and how utilities are dealing with natural gas price increases, all in this holiday-themed installment of NGI's Hub & Flow podcast. Tune in: Listening might even boost your ranking on Santa's nice list!
What will the next phase of unconventional U.S. oil & gas production look like? Join NGI’s Director of Strategy and Research, Patrick Rau, as he analyzes what third quarter 2021 energy earnings reports say about the North American natural gas market, with a special focus on the future of U.S. shale. Including an overview of all the major U.S. gas-producing formations, this episode dives into how oilfield cost inflation, returning free cash to shareholders and President Biden's energy plan is affecting the natural gas industry today.
An overview of what's moving LNG markets and what to expect this winter as global gas prices are at historic highs and buyers are competing for cargoes like never before. Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, joins Jamison Cocklin, editor of NGI's LNG Insight, for the discussion.
Join NGI’s Mexico & Latin America Editor Christopher Lenton as he sits down with Nikos Tsafos, the James R. Schlesinger Chair in Energy and Geopolitics with the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS) as they discuss the globalization of natural gas. Listen to this podcast, and gain perspective on soaring natural gas prices, the energy crunch in Europe, where natural gas markets are heading this Northern Hemisphere winter, the geopolitical implications of LNG growth and how Mexico's natural gas market - now one of the biggest in the world - must prepare for the volatility ahead.
Amid a global energy supply crunch, natural gas prices have skyrocketed around the world. Join NGI’s Director of Strategy & Research Patrick Rau, as he dives into what to expect from third quarter earnings reports, including where U.S. natural gas producers are with regard to boosting production, what the next wave of LNG projects is likely to look like, the industry’s laser focus on RSG (Responsibly Sourced Gas), M&A activity coming down the pike and what that might mean to midstream companies, and the potential implications of energy companies’ plans to return excess cash to shareholders.
Superseding domestic weather, storage and production -- it’s global supply worries that are really penetrating the U.S. gas market and driving this price rally that we’ve seen take place over the past month. At the heart of the matter is that both Asia and Europe have been competing all summer long -- and into the fall -- for gas supply as they hustle to boost their natural gas storage inventories ahead of the winter season.
Today, European storage is only at about 75% of capacity, the lowest it’s been at this time of year in over a decade. Asia, meanwhile, is trying to avoid the shortage it experienced last winter and has been stockpiling gas ahead of colder weather. There are also production issues and coal shortages that have left both regions bracing for possible energy shortages in the months ahead.
A meteoric rise in global natural gas prices has resulted. In this episode of NGI’s Hub & Flow podcast NGI’s Price & Markets Editor Leticia Gonzales and Associate Editor Kevin Dobbs explain how all of this is driving the price of North American natural gas.
Natural Gas Intelligence’s Mexico & Latin America Editor Christopher Lenton sits down with Mexico natural gas expert, Gadex consultant and NGI columnist Eduardo Prud’homme to discuss NGI’s most recent Mexico market survey. Our fifth survey of active natural gas buyers and sellers within Mexico and at the border, they dive into this evolving market and what is driving the changes in the way people are doing business there - from liquidity to pipeline capacity, price transparency to market efficiency.
Join NGI’s Mexico & Latin America editor Christopher Lenton as he speaks with the IEA’s clean energy transitions program officer for Latin America Mariano Berkenwald about advances in hydrogen across Latin America. Having recently published a report with the International Energy Agency about how low-carbon hydrogen can play a big role in the region’s clean energy transitions, Berkenwald expands on the hydrogen economic and trade opportunities to build the industries of the future.
NGI Price & Markets Editor Leticia Gonzales is joined by the U.S. Energy Information Administration's Stephen York for the latest episode of NGI's Hub & Flow. Listen as the two discuss the recent spike in natural gas prices and whether the current supply/demand backdrop will continue supporting prices in the coming months.
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 industry there, including the Gulf of Mexico fire, the Zama controversy, natural gas storage and Pemex flaring, as well as where the energy sector in Mexico is headed in the remaining three years of the Lopez Obrador presidency.
Tune into NGI’s Hub & Flow podcast as we explore the fundamentals impacting the North American natural gas market. Leading natural gas marketers collectively lost ground with sales volumes in the quarter, continuing a two-year trend of year-over-year declines. However, higher prices and mounting demand could turn the tide as 2021 progresses. Domestic demand is steady as summer weather settles in and economic activity picks up, following successful vaccination campaigns. European, Asian and Mexican demand for U.S. natural gas and LNG exports is also strong. NGI’s Patrick Rau, director of Strategy & Research, and Kevin Dobbs, associate Markets editor, look at what lies ahead in this episode of Hub and Flow.
Joe Raia, Chief Commercial Officer at Abaxx Exchange, joins LNG Insight Editor Jamison Cocklin to discuss the company's efforts to launch a futures exchange and an LNG benchmark contract. With spot trading on the rise and more buyers purchasing the super-chilled fuel, key players are in search of more price transparency as the market evolves.
In this podcast, NGI's Senior Editor Christopher Lenton talks to Lourdes Melgar of the Baker Institute and MIT about Mexico's crucial upcoming June 6 midterm elections, what might happen on the day, and what it all means for the natural gas and energy sector.
Liquefied natural gas exports are driving a substantial increase in projected demand this summer, and flows to Mexico have already reached a new high, with the core of summer heat still to come. How will this impact storage inventories in the U.S. and what will it do to prices? NGI Price & Markets Editor Leticia Gonzales lays it all out for you in the latest episode of NGI's Hub & Flow.
Host Kevin Dobbs is joined by NGI's Andrew Baker, associate editor, to discuss the latest commitments unveiled by President Biden and other world leaders at the Leaders Summit on Climate, and what it all means for the natural gas and oil industry.
NGI Senior Editor Christopher Lenton speaks to Mercuria’s Charles Blanchard about his recently published book “The Extraction State,” on the history of the natural gas market in the United States, where things are going and some lessons for the future.
Alex Dewar, senior director of the Boston Consulting Group’s Center for Energy Impact joins NGI’s LNG Insight Editor Jamison Cocklin to discuss the rapid pace of efforts to decarbonize the global natural gas market. The conversation especially focuses on the opportunities these trends are creating for U.S. players to innovate and stand out in the highly competitive international export market.
Overall, the leading natural gas marketers in North America collectively posted lower 4Q2020 sales volumes when compared with the year-earlier quarter, extending a streak of declining or flat year/year results that dates to mid-2019. NGI’s latest Top North American Natural Gas Marketers rankings show that several of the largest gas marketers reported declines for the latest quarter, led lower by production cuts in response to the coronavirus pandemic. Kevin Dobbs, NGI associate markets editor, and Patrick Rau, NGI’s director of strategy and research, dig into the drivers of those decreases and what 2021 may hold for natural gas volumes.
After a deep winter freeze that crippled Texas' energy infrastructure, there are brighter days ahead for the natural gas market as export demand looks to remain strong and a rapid depletion in U.S. storage necessitates a strong refill this summer. NGI Price & Markets Editor Leticia Gonzales discusses what lies ahead for the U.S. gas market this spring and summer.
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In the latest Hub & Flow podcast NGI Senior Editor Christopher Lenton speaks to long time Mexico energy expert David Rosales. They discuss the recently released Prodesen plan by Mexico's energy ministry, as well as the new bill to change the power market in Mexico, and how all of this impacts the natural gas market in the country, including growing imports from the United States.
A look at the historic rally in Asia's LNG prices this winter and how it might impact the global natural gas market going forward.
After a tumultuous year plagued by steep losses and low throughput, oil and gas midstream companies are poised for a comeback in 2021. NGI Senior Editor/Markets Leticia Gonzales provides a snapshot on what you can expect to hear from midstreamers as fourth quarter earnings season kicks off this week.
Kevin Dobbs, associate markets editor with Natural Gas Intelligence, and Patrick Rau, NGI’s director of strategy and research, discuss the results of NGI’s third quarter Top North American Natural Gas Marketers rankings.
Overall, the leading natural gas marketers in North America collectively posted flat sales volumes when compared with the year-earlier quarter, snapping a streak of five consecutive quarters of year/year declines. However, several of the largest gas marketers reported modest declines for the quarter as flat consumption was more than offset by lower production amid the continued impact of the coronavirus pandemic.
Longstanding No.1 BP reported a 4% decrease from 3Q2019, for example, while No. 2 Macquarie Energy reported a 3% decline, reflecting in part long-running trends and in part impacts of the pandemic.
Dobbs and Rau dig into the drivers of those decreases and what lies ahead for natural gas volumes.
NGI's Leticia Gonzales chats with technology whiz and market analyst Nate Harrison, who sheds some light on the perceived toilet paper shortage of 2020 and the similarities observed in the natural gas market.
Join NGI’s LNG Insight Senior Editor Jamison Cocklin as he gives an overview of the factors influencing the LNG market as colder weather sets in across the Northern Hemisphere and a look at what could be ahead for the industry further into 2021.
Want to know what management and analysts focused on with regard to LNG this earnings season? Join NGI’s Director of Strategy & Research Patrick Rau, as he reviews key LNG takeaways from North American energy companies’ third quarter earnings reports. From second wave projects to cargo cancellations, utilization rates to export expectations, one thing’s for sure, with U.S. gas demand projected to grow by 21.2BCF a day by 2030, LNG will continue to heavily influence the North American natural gas market.
Join NGI’s Director of Strategy & Research Patrick Rau as he overviews the short-term North American natural gas market outlook, reading the tea leaves from key topics that floated to the top of third quarter earnings conference calls for leading E&Ps, midstream, service providers and operators. He dives deep into understanding the future of Haynesville and Appalachia dry gas plays, as well as discusses reoccurring themes of consolidation and pipelines, a new massive natural gas discovery in Texas, and the effect President-Elect Joe Biden’s energy policy may have on the market moving forward.
President-elect Joseph R. Biden Jr. will take office in January, promising a major shift in energy and climate policy. NGI associate editors Andrew Baker and Kevin Dobbs covered the U.S. presidential campaign and tracked Biden’s policy promises, notably including a $2 trillion plan the Democrat vows to pursue to combat climate change. However, a divided government and resurging pandemic could dominate the early months of Biden’s tenure, potentially overshading other priorities and delaying any new major legislation impacting oil and gas interests. Join Baker and Dobbs for a roadmap to what lies ahead.
The outcome of the U.S. presidential election will have wide-sweeping impacts across the United States, and globally; and as its largest trade partner, Mexico is bracing for different bureaucratic waves depending on who wins the election. Importing about 70% of its natural gas from the U.S., Mexico’s crucial industrial industries and power generation are dependent on and hoping for continued low prices from over-saturated shale plays in the U.S. What will energy policy, bi-lateral trade and the natural gas market look like between the U.S. and Mexico after November 3? Join NGI’s Mexico & Latin America Editor Christopher Lenton as he explores the effect on Mexico’s natural gas and energy markets if either former Vice President Joe Biden or incumbent President Trump win the ongoing U.S. presidential election.
As we lead up to third quarter earnings, NGI’s Patrick Rau discusses which topics are likely to be most on the minds of management teams and investors, including the recent run up in natural gas prices, industry consolidation, and the upcoming U.S. presidential election.
NGI Senior Editor Leticia Gonzales explores the inner workings of the U.S. gas market and what could lie ahead for the coming winter season.
NGI's Associate Editor Kevin Dobbs sits down with Head of Strategy and Pricing Patrick Rau to discuss the results of the latest NGI Top North American Natural Gas Marketers survey, which found further decreases in sales volumes in the second quarter of 2020, when compared to a year earlier. With year-over-year declines extending over five straight quarters, these energy industry experts delve into the drivers of the declines and what may lie ahead for the North American natural gas market.
A basic introduction to how U.S. LNG is bought and sold under the commercial structures in use at the country's six operational facilities and a brief overview of the other commercial models being pursued by North American LNG projects under development.
NGI’s Mexico Gas Price Index editor Christopher Lenton talks to FTI energy consultant and El Economista columnist Pablo Zarate about bright spots in the Mexican natural gas market, including LNG projects, AMLO’s second state of the nation address, his vision for the market and the state of the energy reform.
Join NGI’s Director of Strategy & Research, Patrick Rau CFA, as he shines a light on what the second quarter earnings reports are telling us about the natural gas market in Mexico, and whether we will see U.S. gas supply exported via proposed LNG export terminals.
Join Natural Gas Intelligence’s Director of Strategy & Research, Patrick Rau CFA, as he reads the tea leaves in the second quarter earnings calls regarding the U.S. LNG market and how it is developing.
Join NGI’s Director of Strategy & Research, Patrick Rau CFA as he delves into second quarter earnings calls and what they say about the shale and unconventional natural gas markets in North America - with a move toward automation and a focus on individual basins / shale plays.
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Join Natural Gas Intelligence’s Director of Strategy & Research Patrick Rau CFA as he gives an overview of the key takeaways for the North American energy market from second quarter 2020 earnings calls, including slower U.S. production growth, U.S. presidential election, hydrogen and more.
A mild winter, supply disruptions, Covid-19 and other factors have made for an unusual natural gas storage injection season. NGI chats with Brian Lovern of Bespoke Weather Services to explore where Lower 48 stocks may begin the upcoming winter season, and any risks that could upend the trajectory.
A brief overview of how recent natural gas pipeline setbacks in the United States could ultimately impact project timelines and the competitiveness of new LNG export facilities in the future.
As Covid-19 continues to put pressure on rig counts, natural gas production, demand and prices, NGI's Director of Strategy & Research Patrick Rau gives key health indicators to watch for as North American energy companies begin to report their 2020 second quarter earnings.
A chat with Juan Carlos Zepeda, the former commissioner president of CNH who helped transform the Mexican energy industry and usher in billions of dollars of investment.
As the world continues to respond to the Covid-19 pandemic, energy companies, cities and states remain steadfast in their ambitions to fight climate change. In today's podcast, NGI explores the latest message from oil and gas executives, and discusses what initiatives cities and states are taking to reduce their carbon footprint. We'll also dive into what plans U.S. presidential candidates are touting on the campaign trail.
As global natural gas prices converge and remain near historic lows, could the United States see a significant amount of LNG imports this summer? Hear the latest factors driving the possibility as the market navigates through unprecedented forces.
Natural Gas Intelligence’s Mexico Gas Price Index Editor Christopher Lenton interviews Mexico energy expert Duncan Wood about the current natural gas market in Mexico, governmental policy and oversight, regulatory changes and economic impact in the shadow of Covid-19.
Please join us as Patrick Rau, NGI's Director of Strategy & Research, discusses our key takeaways for the North American Natural Gas industry from the recently completed 1Q20 earnings season. In particular, Rau discusses the current impacts of COVID, worries about demand destruction post COVID, reduced dividends, an improving debt outlook, industry consolidation, what it will take to add more U.S. gas focused rigs, production efficiency gains, & U.S. LNG.
NGI explores the vast improvement seen in Permian natural gas pricing amid the oil market downturn and Covid-19 pandemic.
A brief overview explaining some of the factors involved in U.S. LNG cargo cancellations and potential production shut-ins as the global natural gas trade grapples with historically low prices and demand.
NGI speaks to one of the foremost experts on natural gas in Mexico on infrastructure, politics and Covid-19.
An oil price war has unleashed global supply and sent prices into a tailspin. At the same time, the Covid-19 pandemic has slashed energy demand. The one-two punch has upended the oil and natural gas industry, and more uncertainty lies ahead. NGI is exploring what energy companies up and down the supply chain are doing to weather the storm in this first quarter earnings preview.
A brief overview of the early impacts the coronavirus is having on the LNG market, from force majeures to shipping diversions, and what it means going forward.
Join NGI's Mexico & Latin America Editor Chris Lenton as he gives a quick overview of the key fundamental drivers in Mexico's natural gas market today.