Friday, September 23, 2022

Enbridge -- September 23, 2022

That which does not kill you, will make you stronger. Link here.

U.S. exports of natural gas to Mexico eased somewhat after a record June 2021, which saw shipments above 7 Bcf/d occur multiple times, the high mark set on June 17 of 7.4 Bcf. Since February 2022, however, exports have crept up each month and totaled about 176 Bcf in April for an average of about 5.9 Bcf/d.

Two cross-border pipelines have driven growth in U.S. gas exports to Mexico.
Energy Transfer Partners’ Trans-Pecos Pipeline originates at the Waha Hub in the Delaware Basin and delivers natural gas to the U.S. border at Presidio, Texas, into the Wahalajara pipeline system. 
On the Gulf Coast, Enbridge Inc.’s Valley Crossing Pipeline on the Texas side of the border delivers gas to the Sur de Texas-Tuxpan Pipeline in Mexico, which is operated by a unit of TC Energy Corp.

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  • today, trading at $38
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