Mexico Imports of U.S. Natural Gas Still Above 7 Bcf/d as Prices Slump – Spotlight
North American natural gas prices slumped this week as summer heat waned and supplies flooded the market.
North American natural gas prices slumped this week as summer heat waned and supplies flooded the market.
Despite efforts to ban Russian natural gas imports, Europe has been taking in more of it as higher spot prices in the Pacific Basin in recent weeks have drawn more American supplies toward Asia.
Natural gas export capacity could explode within months on the Gulf Coast and in Western Canada, a signal for operators to begin ramping up activity. Still, storage is continuing to rise, and weather demand has remained tepid. What does it mean for prices? NGI’s experts have a few answers.
The ongoing trend of growing natural gas imports into Mexico from the United States will probably continue into the foreseeable future, with significant implications for the country's energy landscape.
Liberty Energy Inc. CEO Chris Wright said he thinks artificial intelligence (AI) and the return of manufacturing in the United States would bode well for natural gas demand. He also said exports to Mexico would be “increasingly important” and could support the price of U.S. natural gas indexes going forward.