Source: Graph by the U.S. Energy Information Administration, based on data from Wood Mackenzie
Natural gas pipeline exports from the United States to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out on June 17.
Over the past few years, Mexico has expanded its natural gas pipeline infrastructure and has relied increasingly on imported natural gas from U.S. pipelines. Pipeline imports accounted for 76% of Mexico’s total natural gas supply in June 2021, compared with 40% in June 2015. Mexico has reduced both its natural gas production and imports of liquefied natural gas (LNG) as a share of its total natural gas supply.
U S natural gas exports to Mexico established a new monthly record in June 2021
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Natural Gas Futures Find Footing As Supply Looks Light - Natural Gas Intelligence
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August Natural Gas Futures Bounce Back as Inventory Concerns Bubble Up
Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year.
At A Glance:
Storage concerns fuel rebound
Northeast cash prices drop
The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658.
NGI’s Spot Gas National Avg., however, fell 13.5 cents to $3.485, as next-day prices dropped in the Northeast ahead of an anticipated cool down.
The Energy Information Administration (EIA) on Thursday reported an injection of 55 Bcf into U.S. natural gas storage for the week ended July 9. The result exceeded expectations for a build in the upper 40s Bcf, and it also eclipsed the year-earlier increase of 47 Bcf and the five-year average 54 Bcf injection.
Steady Cooling Demand Propels Double-Digit Gain in Weekly Natural Gas Cash Prices
Weekly natural gas cash prices forged ahead as heat radiated across much of the Lower 48, keeping air conditioners humming.
NGI’s Weekly Spot Gas National Avg. for the July 12-16 period advanced 10.5 cents to $3.615.
Demand was fueled during the week by hot upper high pressure that held over the East most of the week with highs of mid-80s to 90s. It was also hot over the West, Texas and the Plains, with highs ranging from the 90s to 110s, NatGasWeather said.
A weather system lingered over the Great Lakes and Ohio Valley with showers and highs of 70s to 80s, for locally lighter demand, but it was not enough to curb national momentum.