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The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and ....
New Five-Year Plan for Mexico E&P Potential Sign of Future Bid Round Reactivation The release of a new five-year plan by Mexican Energy Ministry Sener could be a sign that future exploration and production (E&P) bid rounds for private sector operators are in the offing. That’s according to analysis done by Mexican consultancy Talanza. E&P bid rounds have been frozen since President Andrés Manuel López Obrador came to power in late 2018, and this would be a sharp departure from current government policy. On October 28, Sener published the second five-year plan for E&P bidding processes as required by the Hydrocarbons Law. The first was published in 2015 with four subsequent annual updates from 2016 to 2019, but this is the first new plan published during the administration of López Obrador. ....