BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


October South Texas gas flows highest since August

Houston (Platts)--12 Oct 2017 353 pm EDT/1953 GMT


Platts Analytics' Bentek Energy sample flow data from South Texas to Mexico showed the to-date October average hovering around 1.31 Bcf/d, the highest first half month since August, which averaged 1.37 Bcf/d during the tail end of the Mexican summer.

The flow increase is driven by higher deliveries from various Tennessee Gas Pipeline meters, as well as from Natural Gas Pipeline Company to NET Mexico, which is currently delivering 297 MMcf/d to the key Mexican export pipeline, the second highest average of 2017.

On the pricing side, NGPL-STX cash basis has averaged just under minus 5 cents through October, significantly stronger than the September cash basis average of minus 10 cents/MMBtu and the strongest basis level NGPL-STX has attained in 2017, according to Platts pricing data.

The current half month sits 150 MMcf/d above September levels during the same timeframe, however, the larger month on month discrepancy is heavily influenced by Hurricane Harvey, which curtailed flows from STX into Mexico during the first few days of September.

Platts Analytics data shows that during the stretch of Hurricane Harvey from August 25 through September 6, the date NGPL lifted the force majeure at Compressor Station 300 on Segment 22, total Texas exports, including El Paso Natural Gas in West Texas, averaged 847 MMcf/d, a drop of nearly 530 MMcf/d from August levels.

If October continues on its current pace, it could close out the month at the highest level since May when the delivery sample data reached a peak of around 1.46 Bcf/d on the backs of peak 2017 flows from NGPL and TGP into Mexico.

Related: Find more content about Mexico's commodity landscape in our news and analysis feature. Additionally, read our special report, Mexico's energy transformation takes hold.

--Ryan Ouwerkerk, ryan.ouwerkerk@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com

Platts Mexico Regional Package
Platts Mexico Regional Package

Interested in learning more about what the Platts Mexico Regional Package has to offer you? Explore what a comprehensive analytics resource could do for you and your business.

The Platts Mexico Regional Package delivers data-driven coverage of natural gas, LNG, crude oil, NGL and electric power in Mexico. With this package, you will be able to enhance your market outlook, build more robust models and validate investment and strategic decisions. We're helping you navigate the new and dynamic sectors of the Mexican energy markets with this comprehensive coverage. Components include:

  • Platts Mexico Energy Monthly
  • Platts Mexico Facilities Databank
  • Platts US LNG Import/Export Market Model
  • Platts Bentek Weekly Natural Gas Market Recap
  • Platts Bentek Quarterly Market Updates

Learn more



Related News & Analysis


Video archives Commodities Spotlight podcast archive News features The Barrel blog

Related Products and Events


Gas Daily Platts Conferences and Events

Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.