Naturl Gas News – July 2, 2020

Nat Gas News – July 2, 2020

Mexico gas imports test record highs fueled by summer heat, downstream openings

Mexico’s gas imports from the US are poised to hit record highs in the weeks ahead, propelled by rising summer temperatures and potentially by an imminent opening in new downstream demand. In late June, exports twice surged to new record highs at over 6 Bcf/d. While record regional demand from northern Mexico last month coupled with hotter weather to lift Mexico’s baseline demand for US gas, the new single-day records appear to have been driven by increasingly frequent negative pipeline imbalances, data from S&P Global Platts Analytics shows. On June 25, US exports reached over
6.1 Bcf/d with no corresponding increase in Mexico’s sampled gas demand or national electric power load. Supply data also show no offsetting declines that day in domestic production or sendout volume from the country’s LNG import terminals. For more on this story visit or click

With Summer Heat, Natural Gas Prices Could Get Reprieve After

After cratering to their lowest in 25 years, natural gas prices are having their first winning week in five, thanks to progressively hotter summer weather that prompts Americans to crank up their air-conditioning, bringing hope to a market desperate to see demand improve, even as cases of COVID-19 surge. “As the coronavirus continues to change global demand for oil and gas and the surrounding economics, producers are facing their reckoning,” Houston-based gas risk consultancy Gelber & Associates wrote in a July 1 note to its clients, a copy of which was seen by Frontmonth Henry Hub gas futures were headed for a rise of nearly 14% on the week after a combined loss of more than 20% in four previous
weeks. For more on this story visit or


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
Give Us a Call Today

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


Send Us an Email

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

Send Email

Find a Mansfield Location

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

View Locations

Get a Quote Today

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