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Artwork for NGI’s Hub & Flow
Natural Gas
LNG
Data Centers
Mexico
LNG Exports
Pemex
Permian Basin
LNG Market
Natural Gas Market
Natural Gas Prices
Biden Administration
Natural Gas Storage
Claudia Sheinbaum
FERC
CFE
LNG Freight Rates
Henry Hub
United States
Natural Gas Imports
Trump Administration

NGI’s Hub & Flow is a podcast for busy natural gas professionals interested in a quick take on North American energy markets. Join Natural Gas Intelligence’s trusted reporters, editors and analysts as they discuss what is driving supply and demand fundamentals, prices and movements in the natural gas and LNG markets in the U.S., Canada and Mexico.

PublishesTwice monthlyEpisodes100Founded6 years ago
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NewsBusiness

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Artwork for NGI’s Hub & Flow

Latest Episodes

For much of mid-2026, sweltering summer heat waves and soaring electricity demand across the United States failed to ignite a sustained rally in natural gas pricing, with Henry Hub futures continuing to face downward pressure. While conventional wisd... more

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 e... more

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 ... more

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 ... more

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Recent Guests

Jack Weixel
Analyst at East Daley Analytics
East Daley Analytics
Episode: Operational Chaos or House Money? Inside the Permian’s High-Stakes Waha Turnaround
David Dutch
NGI trading expert, former senior natural gas trader
NGI (Natural Gas Intelligence)
Episode: Are California’s Low Natural Gas Prices Here to Stay?
Pat Rau
NGI's Senior Vice President, Research & Analysis
NGI
Episode: The Hormuz Paradox: Will Higher Crude Oil Output Crush US Natural Gas Prices?
Martin King
Calgary-based analyst from RBN Energy
RBN Energy
Episode: When Will Canada’s AECO NatGas Prices Find Support?
Jamison Cocklin
Managing Editor for LNG at NGI
NGI
Episode: The Second Shock: US LNG and the Global Natural Gas Stalemate
Anne-Sophie Corbeau
Global research scholar at the Center on Global Energy Policy, Columbia University
Columbia University, Center on Global Energy Policy
Episode: How Does the Iran War Impact the Global Natural Gas and LNG Landscape?
Leticia Gonzalez
Managing Director, North American Natural Gas Pricing at NGI
NGI
Episode: From $30 Spikes to Plummeting Prices: The New Reality of U.S. Natural Gas
Toby Copson
Managing Partner and Portfolio Manager at Davenport Energy
Davenport Energy
Episode: Will Spot LNG Buying Ever Rebound? Exploring Asia’s Role in a Rapidly Evolving Market
Jay Bhatty
Founder of natgashub.com and longtime former trader
Episode: Insider Secrets and Infrastructure Squeezes: Jay Bhatty on Striking it Rich in NatGas

Host

Chris Lenton
Host of NGI's Hub & Flow; NGI (Natural Gas Intelligence)

Reviews

4.9 out of 5 stars from 32 ratings
  • Subjectmatter has rhus far been relevant and up to date. would enjoy more latest news posted updates on m market conditions and expected influences for daily/monthly trading.

    Audible
    5
    Peter
    United States2 years ago
  • Need to know NG information

    Subjectmatter has rhus far been relevant and up to date. would enjoy more latest news posted updates on m market conditions and expected influences for daily/monthly trading.

    Audible
    5
    Peter
    United States2 years ago
  • E101

    This was a great podcast that provided new and different perspectives than usual. It would be great to have more like this. And these two experts are incredible in discussion.

    Thank you and well done today. Great stuff.

    AQ

    Subscriber.

    Apple Podcasts
    5
    Ibandyq
    Canada3 years ago
  • Learning a lot

    Leticia does a great job covering the Natural Gas Industry. Well worth a listen!

    Apple Podcasts
    5
    Randgolder
    United States5 years ago
  • Great Natural Gas Podcast!

    This one is a must to understand the reasons behind natural gas prices and all news around the energy industry.

    Christopher Lenton and Leticia Gonzales add so much value with their analysis and insights!!! Highly recommended for the industry!

    Keep doing this great job guys!

    Apple Podcasts
    5
    Ricardo Carmona NGV
    Mexico6 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Coverage feels credible and data-driven, with actionable takeaways for procurement and trading.
Guests bring a strong mix of trading and policy expertise.
Listeners appreciate the practical market insights and real-time analysis.

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Talking Points

Recent interactions between the hosts and their guests.

Operational Chaos or House Money? Inside the Permian’s High-Stakes Waha Turnaround
Q: That changed when the Gulf Coast expansion came online in the middle of June. Do you think that relief is coming to an end here? Or what are you watching to determine whether Waha can remain consistently positive, Jack?
I'm watching the daily cash settlement price and the forward curve, which has turned more positive. The new GCX expansions reduce regional constraints, and while prices might dip a bit over long weekends, we should see positive outright prices as expansions layer in later this year.
Are California’s Low Natural Gas Prices Here to Stay?
Q: How could Costa Azul and other LNG projects influence California prices in the near term?
Costa Azul has the potential to shift gas flows by pulling gas off main pipelines during periods of high demand, which could tighten supply to California and push prices higher on hot or cold days, while remaining a factor to watch as the facility becomes fully operational.
Are California’s Low Natural Gas Prices Here to Stay?
Q: What structural factors are contributing to the low California gas prices, and how might these change as the year progresses?
The low prices are driven by a combination of heavy hydroelectric generation, large renewables capacity, robust storage, and import dependence from surrounding regions; as the winter was milder in the West and snowmelt-driven hydro remains strong, California faces ongoing volatility but potential upside if LNG exports and interstate infrastructure tighten supply on peak days.
The Hormuz Paradox: Will Higher Crude Oil Output Crush US Natural Gas Prices?
Q: Is there evidence from the first-quarter calls that producers are leaning into higher production, or is discipline still the guiding principle among public vs private players?
Publics largely remain in discipline, while privates are pushing activity higher, with some majors like Diamondback and EOG signaling or maintaining capex strategies that favor oil over gas, suggesting a nuanced shift where some segments increase activity while others stay cautious.
The Hormuz Paradox: Will Higher Crude Oil Output Crush US Natural Gas Prices?
Q: What was the single most important takeaway from the earnings season across the natural gas sector?
The fundamental takeaway is that the Iran War has likely increased the risk premium and kept crude prices more bullish, which, in turn, could boost associated gas production in the US but may pressure Henry Hub prices in the near term as supply responds to higher crude.

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Frequently Asked Questions About NGI’s Hub & Flow

What is NGI’s Hub & Flow about and what kind of topics does it cover?

This program targets busy natural gas professionals who want quick, actionable insights into North American energy markets. Across episodes, the conversations consistently focus on supply-demand dynamics, pricing, LNG developments, and policy or geopolitical events shaping U.S., Canadian, and Mexican gas and LNG flows. Notable strengths include timely, market-forward analysis, live event coverage from industry summits, and a guest slate that combines former traders, policy experts, and senior NGI analysts to provide practical takeaways for end users and buyers. A standout aspect is the integration of data tools and market telemetry discussions, offering listeners not just context but actionable viewpoints for trading, contracting, and strat... more

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1. Oil Ground Up
2. Columbia Energy Exchange
3. Oil and Gas This Week
4. Energy Gang
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NGI’s Hub & Flow launched 6 years ago and published 100 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on NGI’s Hub & Flow?

Recent guests on NGI’s Hub & Flow include:

1. Jack Weixel
2. David Dutch
3. Pat Rau
4. Martin King
5. Jamison Cocklin
6. Anne-Sophie Corbeau
7. Leticia Gonzalez
8. Toby Copson

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