Nat Gas News – January 30, 2017

Click here to read the latest NGN

In the News

Booming natural gas exports to Mexico may be at risk

Bloomberg reports: Although Mexico is one of the world’s top 20 natural gas producers, in recent years demand there has jumped well ahead of the country’s domestic production. As a result, Mexico has become the most important foreign destination for U.S. natural gas. In 2010, Mexico imported 0.9 billion cubic feet per day (Bcf/d) of natural gas from the U.S. By the end of 2016 that had grown to more than 4 Bcf/d, which is over 5% of daily U.S. natural gas production. Over the next few years natural gas demand in Mexico is projected to increase by nearly another 2 Bcf/d, as a result of new electrical generation capacity additions. That demand will be primarily satisfied by more imports from the U.S. But it will also necessarily involve a continued build-out of pipeline capacity from the U.S. into Mexico, some of which is already well underway. For more visit bloomberg.com or click the following link http://bit.ly/2jM7lln

Feds approve Atlantic Bridge natural gas project with compressor station in Massachusetts

MassLive reports: Federal pipeline regulators this week approved the construction of Atlantic Bridge, a $450 million project designed to expand the transport of natural gas from the Marcellus shale basin into New England and the Canadian Maritimes. The Federal Energy Regulatory Commission on Jan. 25 issued a certificate of public convenience and necessity to Spectra Energy for a set of proposed upgrades and new construction spanning four states. Plans includes 6.3 miles of 42-inch pipeline in New York and Connecticut, new and expanded compressors — including a major facility in Weymouth — and various meter station upgrades, including one in Westbrook, Maine. The Atlantic Bridge would beef up the Algonquin Gas Transmission and Maritimes & Northeast systems to boost capacity by around 133 million cubic feet per day. For more visit masslive.com or click the following link http://bit.ly/2jtFDc5

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote