Natural gas exports from the United States to Mexico are seen rise by 40% with the completion of the southern-most segment of the Wahalajara system, also known as the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 0.89 billion cubic feet per day (Bcf/d) pipeline entered service this June.
Black Bear Transmission has agreed to acquire six intrastate natural gas pipelines spanning approximately 1,400 miles in Alabama, Louisiana and Mississippi from a subsidiary of Third Coast Midstream. The transaction marks Black Bear’s second bolt-on acquisition, having bought the Ozark system from Enbridge in April 2020.
Natural gas spot prices at the U.S. Henry Hub have fallen to historic lows despite rising gas-burn for power generation. Production keeps exceeding demand, with feedgas for liquefaction and export at low levels of around 4.0 billion cubic feet per day (Bcf/d) so far in June and storages filling fast.
Energy demand in the UK has started to recover from a 15-20% plunge, incurred by coronavirus lockdowns. According to Cornwall Insight, transmission system electricity demand rose to just below 0.64 TWh on Friday, June 19, but is still below the 0.70 TWh recorded in 2019 on similar days in late June.