Natural Gas News – April 24, 2019

Natural Gas News – April 24, 2019

Trump Considering Waiving Jones Act Mandate for Natural Gas, Sources Say

Bloomberg reported: President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting on Monday, following requests from Puerto Rico and pressure from oil industry leaders to ease the nearly 100 -year-old Jones Act requirements, according to three people. Although top administration officials are divided on the issue, Trump is now leaning in favor of some kind of waiver, said two of the people, who asked for anonymity to discuss the private discussions. For more on this story visit bloomberg.com or click https://bloom.bg/2IFHuvQ

U.S. Energy Exports To Mexico Go Into Overdrive

Oil Price reported: Amid the differences between the U.S. and Mexico recently, including different views over immigration and trade, relations in the energy patch continues to expand. In fact, energy trade represented 12 percent of the value of all U.S. exports to Mexico and 5 percent of all U.S. imports from Mexico in 2018, the U.S. Energy Information Administration (EIA) said on Monday in a new report. Moreover, when looking at the numbers, a major pivot is apparent. Historically, the bulk of the energy trade between Mexico and the U.S. consisted of Mexican crude oil imports as U.S. oil production (mostly conventional) continued to decline. It was also marked by U.S. net exports of refined petroleum products to Mexico. Through 2014, U.S. imports of crude oil from Mexico were the most valuable component of this bilateral energy trade, the EIA said. Starting in 2015, however, the value of U.S. energy exports to Mexico, including rapidly growing volumes of both petroleum products and natural gas, exceeded the value of U.S. energy imports from Mexico as volumes of Mexican crude oil sold to its giant neighbor to the North declined. For more on this story visit oilprice.com or click https://bit.ly/2GEnNSD