NGI’s Hub & Flow

For most of 2026, the story at the Waha hub in West Texas was a grim one of negative pricing, with Permian producers paying offtakers to clear out their natural gas. The narrative flipped in mid-June when Kinder Morgan’s Gulf Coast Express Pipeline expansion came online, propelling prices back to positive territory. As the market balances the first in what is expected to be a massive wave of pipel...

As critical chokepoints have frozen traditional trade routes, the global energy sector is abandoning old assumptions for a new mantra: supply diversity. This macro shock is forcing long standing buyers and emerging markets alike to radically rethink their structural exposure to a highly punitive LNG spot market. In this episode of Hub & Flow, NGI’s Christopher Lenton sits down with Sergio Chap...

The California energy market has historically been defined by extreme contradictions: a regulatory push toward a renewable energy stack on one side, and total dependence on neighboring regions for physical natural gas molecules on the other. While a “perfect storm” early this spring pushed spot prices to historic lows across the state, a looming wall of structural shifts — from cross-border LNG ex...

The global energy market has entered a period of stark contrasts: a sudden structural deficit in global crude oil on one side, and a looming wall of associated US natural gas production on the other. As the closure of the Strait of Hormuz takes a massive chunk of global supply offline, the turmoil is forcing a geopolitical risk premium back into crude prices, leaving US natural gas producers braci...

Western Canada is currently a land of stark contrasts: record natural gas production on one side, and a mountain of natural gas with nowhere to go on the other. As AECO basis remains wide, and storage levels continue to climb, the Canadian natural gas market is bracing for a summer that looks increasingly volatile for local producers. In this episode of NGI’s Hub & Flow, Martin King, managing...

The global energy market continues to grapple with its second major shock of the decade as the Iran war, which began in late February, stretches into an indefinite stalemate. With critical LNG production offline in Qatar and the Strait of Hormuz still closed, the world faces a natural gas supply void that has sent global benchmarks soaring while leaving the market skeptical of a quick resolution....

The political and energy landscape in Venezuela was upended in early January, sparking a sudden and rapid opening of the country’s massive oil and natural gas reserves. As the Iran war shifts the global spotlight, Venezuela’s potential to become a cornerstone of the Western Hemisphere’s energy system has returned to the forefront of the industry’s mind. In this episode of Hub & Flow, NGI sits...

The global energy picture shifted overnight in late February. As the Strait of Hormuz remains effectively paralyzed, the natural gas market faces a shock unlike anything seen in the 1970s or even the 2022 Russia-Ukraine crisis. In this episode of Hub & Flow, NGI sits down with Anne-Sophie Corbeau, Global Research Scholar at Columbia University, to untangle the chaos currently gripping global m...

Following a winter defined by both record-shattering cold and unseasonal warmth, NGI's Leticia Gonzales, managing director of North American natural gas pricing, joins the podcast to break down the current state of the U.S. natural gas market. From the regional pricing discrepancies in the Permian Basin to the shifting dynamics of global geopolitics following recent events in the Middle East, Gonz...

Ten years after the first LNG cargo left Sabine Pass, Charif Souki reflects on the unlikely path that helped launch the U.S.into a top global natural gas exporter. In this episode, Souki recounts the founding of Cheniere Energy Inc., the launch of Gulf Coast exports and the rapid rise of U.S. natural gas production.   From technology and shale productivity gains to the next generation of LNG proje...

NGI’s Jamison Cocklin, managing editor of LNG, talks with Davenport Energy’s Toby Copson, managing partner and portfolio manager, about where things stand in the Asian LNG market as winter nears an end and the restocking season approaches. Copson, an LNG trader, discusses why Asian LNG spot buying has been so sluggish and whether he expects that to change anytime soon. The conversation also covers...

NGI’s managing editor for Mexico, Christopher Lenton, is joined by senior editor Andrew Baker to break down the fallout from the latest polar vortex and how Mexico’s natural gas system managed to keep the lights on despite “astronomical” price spikes and U.S. production shut-ins. Lenton, fresh from an industry summit in Monterrey, explains why Mexico’s gas demand remains remarkably inelastic even...

The natural gas market is evolving faster than the pipes can keep up, creating a high-stakes environment where infrastructure is king. Jay Bhatty, founder of NatGasHub.com and author of Nat Gas Million$: Insider Secrets To Striking It Rich, joins NGI’s Chris Lenton and senior editor Andrew Baker to pull back the curtain on the world of energy trading and the "unsung heroes" of gas scheduling. Bhat...

In this strategic outlook for the year ahead, NGI's Christopher Lenton, managing editor of Mexico, and Patrick Rau, senior vice president of research and analysis, sit down to discuss the natural gas market in a shifting supply landscape.   While industry sentiment is overwhelmingly bullish, the discussion explores a critical tension: Can a 6% Henry Hub price premium survive the current storage su...

As the new year dawns, the U.S. energy industry is facing a complex future, filled with opportunities for extending LNG exports, advancing power solutions and building infrastructure. Deloitte’s Kate Hardin joined NGI’s Carolyn Davis, managing editor-news, to offer insight about the firm’s 2026 oil and gas forecast.  It’s innovation that will guide the future, Hardin said. This is the beginning of...

The heating season is off to a roaring start, with forecasters calling for one of the chilliest Decembers in recent memory. IAF Advisors owner Kyle Cooper joins NGI senior editor Andrew Baker to discuss the implications for natural gas supply, demand and prices as winter gets underway. Cooper breaks down how soaring heating demand could rapidly deplete natural gas inventories, and send already ele...

NGI’s Jacob Dick, senior editor of LNG, sits down with Charif Souki, co-founder of Cheniere Energy Inc. and a pioneer of the U.S. LNG industry, to discuss how the critical transformation of the U.S. natural gas industry that turned the country into the world’s largest LNG exporter is reshaping global markets. Souki examines how the shale revolution, technological advances and massive resource disc...

Winter is coming, and so are the big questions for natural gas. From near-record storage levels and shifting weather models to surging LNG exports and price volatility, the natural gas market is facing one of its most complex setups in years. To help sort through it all, Andy Huenefeld, a seasoned energy market analyst with Pinebrook Energy Advisors and managing partner at the firm, joins NGI’s Jo...

Poten & Partners’ Jason Feer, global head of business intelligence, joins NGI’s Jamison Cocklin, managing editor of LNG, to discuss how the rapid North American LNG export growth could slow down projects still in the development phase. They explore whether potential project delays could slow an expected LNG supply glut later in the decade, as well as how long oversupply could affect the natura...

NGI’s managing editor of Mexico, Christopher Lenton speaks with Alex Munton, global gas and LNG research lead at Rapidan Energy Group, about how the Trump administration is impacting North American natural gas markets. Munton highlights that while the industry welcomes a more favorable policy environment, rising costs are weighing heavily on upstream activity. This makes for a more complex dynamic...

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 on...

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 financi...

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 a...

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 L...

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 pow...