Patrick Rau

Data centers were the topic du jour during recent first quarter earnings calls, and continue to grab headlines across the energy industry. NGI captured some of the overarching questions and issues surrounding the boom in artificial intelligence (AI) – breaking down everything from estimates about a potential surge in demand from natural gas-fired generation to grid reliability concerns.

Expectations for North American upstream natural gas capital expenditures in 2024 continue to show a year/year decline in the low- to mid-single digits, with subdued rig counts persisting throughout the year. Eventually, those rigs would need to resume work to account for the in-service of more Lower 48 LNG export capacity next year, and possibly to gear up for the rapid growth in data centers – although it is uncertain as to what that opportunity for incremental gas demand may be.

Mexico’s presidential election was on Sunday (June 2), with far-reaching implications for the natural gas market. For longer term trends in the Mexico natural gas market, NGI reviewed some of the first quarter of 2024 earnings calls of key players in the industry. 

LNG remains a major driver for the U.S. natural gas industry and will play an even larger role for incremental demand. 

The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward.

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels in no small part because of drilling efficiencies. At the same time, midstreamers touted the need for more gas egress capacity while the Biden administration’s LNG authorization pause threw a wrench in the outlook for some export capacity projects. Read what NGI analysts learned during 4Q2023 earnings season and how they view supply and demand trends moving forward.

Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season.

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels, inventories grew and international markets found more balance after Russia invaded Ukraine. Read what NGI analysts learned during 3Q2023 earnings season and how they view supply and demand trends moving forward.

The globalization of the natural gas market continues at full speed as liquefied natural gas infrastructure development in North America and internationally continues to ramp. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season.

Mexico and the rest of Latin America are gaining importance on the international natural gas market stage in terms of infrastructure buildout, natural gas demand, and both imports and exports. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season.