Articles tagged imports

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.

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.

Portuguese construction firm Mota-Engil SGPS, SA said it has signed an agreement with Mexican state oil company Petróleos Mexicanos (Pemex) to build a $1.2 billion fertilizer plant at Pemex’s Escolin complex in Poza Rica, Veracruz state.

Mexico imported a record amount of natural gas from the United States last year as it continued to ramp up the fuel’s use in the power and industrial sectors.

Mexico’s Comisión Federal de Electricidad (CFE) wants to develop natural gas storage in South Texas in time for new industrial projects in Mexico that would require stable and increased shipments from the United States.

Natural gas imports will continue to play an important part in the UK’s energy mix despite a plan recently launched by the government for nuclear power assets to generate 25% of the country’s electricity by 2050. 

New additions to European LNG import capacity are moving forward as developers straddle the line between a current natural gas supply shortage and the region’s forecasted pivot to alternative fuels in the next decade.

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday.

High inventories, a bearish demand outlook and forecasts of a mild winter have failed to limit European LNG imports.