Nat Gas News – June 8, 2017
Nat Gas News – June 8, 2017
In the News
Natural gas exports from U.S. to Mexico skyrocket
Marketplace reports: As the U.S. re-examines its trade relationship with Mexico, some in Mexico are doing the same – questioning reliance on trade with the north. One focus is natural gas. Pipelines now carry a record-setting amount of that fuel south across the border. The amount of natural gas flowing to Mexico quadrupled in recent years. And it’s still increasing — fast. By 2019, the U.S. pipeline export capacity to Mexico is projected to almost double, according to Victoria Zaretskaya, a natural gas expert with the U.S. Energy Information Administration. Most of the gas is coming from Texas. Mexico is soaking up all this U.S. natural gas because it realized burning coal, oil and diesel to make electricity was expensive, dirty and released a lot of carbon. Sixty percent of the natural gas it uses now is imported. But with trade relations between the two countries less steady, Martin and others say some in Mexico are re-examining that plan. For more visit marketplace.org or click the following link http://bit.ly/2s4FOU6
Natural Gas Production Is Declining In 2017
Seeking Alpha reports: The EIA has recently released the official monthly natural gas production report for March 2017. The report shows natural gas production declined in the first quarter of 2017 versus the first quarter of 2016. The decline trend was first documented here last year. Production last May was 50 Bcf less than it was in 2015. In the first three months of 2017, natural gas production declined by an average of 2.35 Bcf per day compared to the first quarter of 2016. Net imports have also declined significantly in the first quarter of 2017 versus the first quarter of 2016. This is primarily due to LNG exports out of Louisiana and also the growth in exports to Mexico. Unusually warm winter weather in February of 2017 has masked the impact of reduced supply on natural gas storage. The most recent EIA Weekly Natural Gas Storage Report shows natural gas remains 225 Bcf above the five-year average . For more visit seekingalpha.com or click http://bit.ly/2s4FHYA
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