NGI’s Hub & Flow

In the latest episode, NGI’s Christopher Lenton, managing editor for Mexico and Latin America, sits down with Rystad Energy partner Schreiner Parker to unpack how shifting U.S.–Latin America relations and regional politics are shaping the future of the oil and gas sector. From Mexico’s evolving import trends and Argentina’s LNG ambitions, to new opportunities emerging in Bolivia and Venezuela’s ongoing geopolitical tensions, they look into how capital flows, policy, and market fundamentals are converging across the region.

NGI’s Leticia Gonzales, managing director of North American natural gas pricing, is joined by Dave Marchese, CEO of Caliche Development Partners, to discuss the optimism and opportunities for natural gas storage development. Several storage expansions are underway in the Lower 48, particularly along the Gulf Coast. A greenfield project also has received federal approval in recent days. But financing has been a struggle for some projects, preventing them from being sanctioned and ultimately, brought into the market in a timely manner.  Gonzales and Marchese discuss the challenges and successes Caliche has found in expanding its assets in Texas and California, as well as the outlook for future storage developments to accommodate rising natural gas demand.

Natural Gas Supply Association President and CEO Dena Wiggins joined NGI”s Carolyn Davis, managing editor of news, to discuss the outlook this winter season for supply, demand and prices. Based on its deep assessment of the U.S. market, NGSA expects prices to be relatively flat compared with last winter. Market pressure is being offset by record production, even on the back of strong LNG exports and rising demand from artificial intelligence-powered data centers. Of course, there are wild cards, with weather the biggest one for the natural gas markets. Wiggins breaks down the outlook for storage and potential price volatility. A big issue on the table for the natural gas market is permit reform, which has been on the table in Congress in some form or fashion for a few years. The legislation, Wiggins said, is essential  to ensure there is enough infrastructure as demand rises. The NGSA chief says the fuel is no longer a bridge, but “foundational” to energy supplies domestically and abroad. Wiggins expects Congress will pass legislation to remove impediments to expanding the reach of U.S. natural gas, both to serve domestic and overseas markets. 

NGI’s managing editor of markets Kevin Dobbs joins colleague Leticia Gonzales, managing director of North American natural gas pricing, to size up the state of the U.S. natural gas market facing a demand explosion unlike anything it's seen in years.   The two break down what's driving the surge, from AI-powered data centers that could account for up to 8 Bcf/d demand by decade’s end to a massive LNG buildout adding another 15 Bcf/d over the next five years.   Drawing from the LDC Gas Forums Mid-Continent conference in Chicago, they tackle questions such as: Can production ramp fast enough to meet this demand? Where will the new supply come from? And with forward prices already climbing, what happens if a brutal winter throws another curveball into the mix?

In the latest episode of NGI’s Hub & Flow podcast, NGI’s Christopher Lenton, managing editor of Mexico, sits down with Mexico City-based energy analyst Gonzalo Monroy to explore Mexico’s deep dependence on U.S. natural gas and the country’s uphill battle to develop its own resources.    Monroy, managing director of consultancy Grupo Mexicano de Energía y Construcción, outlines how Mexico’s power sector relies on U.S. pipeline gas, while years of underinvestment and weak regulatory frameworks have left domestic production stagnant. From stalled deepwater and shale projects to the lack of natural gas storage, Monroy explains why efforts to boost production face steep economic and technical hurdles.    The conversation also delves into Mexico’s LNG ambitions, private sector interest in partnering with CFE, and the uncertain role of Pemex—painting a picture of an energy landscape where ambitious plans risk falling short, leaving Mexico tethered to U.S. supplies.  

NGI’s Andrew Baker and  Kevin Dobbs sit down for deep dive into the state of North American natural gas markets, with a particular emphasis on the western United States and Canada.   The discussion spans key factors shaping supply, demand, and price outlooks – from a coming surge in data center energy needs to abundant Canadian production and persistent infrastructure constraints. Drawing on insights from the recent LDC Gas Forum in Denver, Baker highlights the interplay of emerging demand drivers with today’s elevated supply picture.   The editors also examine what forward curves reveal about fundamentals heading into winter and beyond, offering perspective on where the market may be headed in the months ahead.

NGI’s Jamison Cocklin, managing editor of LNG, is joined by LNG Allies CEO Fred Hutchison for a wide-ranging conversation to discuss the historic buildout of natural gas export infrastructure along the Gulf Coast.   Fifteen export terminals are operating, being commissioned or are under construction. Several more are close to moving ahead. What’s driving the momentum? Will more projects be sanctioned soon? How is the industry navigating tariffs, and how is all the growth likely to impact U.S. natural gas prices? Cocklin and Hutchison answer these questions and touch on other themes shaping the direction of the industry.

In the latest episode of NGI’s Hub & Flow podcast, NGI’s Christopher Lenton, managing editor of Mexico, sits down with Rice University’s Francisco Monaldi, director of the Latin America Energy Program at the Baker Institute.    Together, they dive into the energy policy paradox in the United States, where the push for energy dominance is colliding with market realities, triggering ripple effects across global oil and gas markets.    Monaldi, a leading Latin America energy expert, outlines the challenges for Mexico’s Pemex, which faces a perfect storm of soaring debt, crumbling production, and regulatory barriers that are stifling investment and threatening Mexico’s energy future. While there are faint signs of progress through service contracts and potential projects tapping unconventional resources, Lenton and Monaldi explore why these efforts won’t be enough to reverse Pemex’s downward trajectory and dependence on U.S. natural gas imports.

This discussion dives into Canada's significant leap into LNG exports, marked by the historic shipment to South Korea. Despite this progress, Canadian gas prices are falling due to oversupply and production boosts. The editors highlight the unique advantages of Canadian LNG, such as shorter shipping times to Asia, while facing infrastructure challenges. They also explore the long-term market implications as new projects reshape demand and pricing dynamics in North America.

NGI markets editor Chris Newman sits down with Bracewell partners Bryan Clark and Jared Berg to discuss how companies can tap associated gas supply in the Permian Basin to fuel innovative co-located power arrangements and potentially receive higher pricing than at the oft-volatile West Texas benchmark, Waha. While data centers housing artificial intelligence grab headlines for their massive appetite for electricity, these projects represent a broader trend of associated gas assets being monetized for various in-basin power needs. Bigger projects may solve gas supply issues, but they bring operational complexity. Clark and Berg give examples of existing and proposed off-grid uses and the challenges they face.