Christopher Lenton

1 day ago | naturalgasintel.com | Christopher Lenton |Chris Newman |Carolyn Davis |Jacob Dick

Russian authorities have offered LNG supply to Mexico, according to a social media post by the Russian Embassy in Mexico. “We are already working with Mexico,” Russian Energy Minister Sergei Tsivilev said, according to the post.

2 days ago | naturalgasintel.com | Christopher Lenton |Chris Newman |Carolyn Davis |Jacob Dick

The Mexican government has given an important green light to a modular LNG project at Coatzacoalcos on the Gulf of Mexico. “We’ve just obtained the land concession where the plant will be located, effectively anchoring the project to an exclusive economic area,” Casarve Servicios SRL director Santiago Arroyo told NGI. Comercializadora Aqualita SA and Casarve are behind Ursus Energy and a proposed LNG greenfield terminal situated in the Port of Veracruz on the Gulf of Mexico.

4 days ago | naturalgasintel.com | Christopher Lenton |Chris Newman |Carolyn Davis |Jacob Dick

North American natural gas traders were showing restraint at midday Monday after the United States entered the escalating conflict in the war between Israel and Iran. New York Mercantile Exchange, aka Nymex, prices for July were down about 10 cents as of 11 am ET at around $3.750/MMBtu. European natural gas prices, however, were rising. The benchmark Title Transfer Facility (TTF) rose on Monday to a three-month high, crossing the $14 mark.

1 week ago | naturalgasintel.com | Christopher Lenton |Carolyn Davis |Jacob Dick |Chris Newman

North American natural gas prices have risen since the war between Israel and Iran began on June 13, with worries that a potential closure of the Strait of Hormuz could cause disruptions in global LNG markets. The July New York Mercantile Exchange gas contract gained about 50 cents this week and was trading above $4.00/MMBtu on Friday morning. A blistering North American heat wave was seen further driving cooling demand.

1 week ago | naturalgasintel.com | Christopher Lenton |Chris Newman |Carolyn Davis |Jacob Dick

U.S. and global natural gas prices have moved northward since hostilities between Iran and Israel began last week. Iran is the world’s third-largest natural gas producer. It could also potentially close the Strait of Hormuz, a major transitway for LNG tankers. LNG trade most likely to be affected would be Asia’s, analysts have said. Gelber & Associates (G&A) analysts pointed out that more than one-quarter of China’s LNG now passes through the Strait of Hormuz.