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Mexico Taking First Steps to Overhaul LDC Regulations
Featured Mexico GPI
The Mexican energy regulator plans to create a single natural gas distribution zone spanning the national territory, one of several upcoming changes to how local distribution companies (LDC) operate in the country. Read More
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NGI's Mexico GPI

November 22, 2017

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Mexico Taking First Steps to Overhaul LDC Regulations

The Mexican energy regulator plans to create a single natural gas distribution zone spanning the national territory, one of several upcoming changes to how local distribution companies (LDC) operate in the country.
Weekly-US-Gulf-of-Mexico-Rig-Count-20171121

Talos, Stone Tie Up Designed as GOM Dynamo, with U.S., Mexico Prospects

Houston-based Talos Energy LLC agreed Tuesday to tie up with Stone Energy Corp., an all-stock transaction to create a publicly traded Gulf of Mexico (GOM) operator with assets offshore the United States and Mexico.

Mexico Oil Exports Up, Economy Seen Bouncing Higher in Fourth Quarter

Mexico’s economy contracted an annualized 0.8% in the third quarter, partly because of two major earthquakes, but economists are predicting a bounceback in the fourth quarter. Among other things, oil exports increased by almost 21% in the first nine months from the same period of 2016, and overall industrial production is rising.
Daily-Chihuahua-MX-Nodal-Electricity-Prices-20171117

CFEnergia Snaps Up $100M NatGas Supply Contract for Chihuahua Power Plant

CFEnergia, the fuels marketing arm of Mexico’s state power utility, the Comision Federal de Electricidad (CFE), has secured a $100 million, 10-year contract to supply 22 MMcf/d of natural gas for a power plant to be built by a consortium of Emerging America and The Abraaj Group, a CFE spokesman told NGI.

Pemex Readies Capital Plans Ahead of Turbulent Election Year

Mexico’s state-owned oil and natural gas company Petroleos Mexicanos (Pemex) last week all but sealed its financial plans for next year with a bond issue of 450 pounds sterling (US$650 million) just before the Mexican Lower House completed a marathon sitting that submitted the complete 2018 federal budget for final approval by President Enrique Pena Nieto.

U.S., Mexico, Canada Energy Chiefs Pledge Cooperation in NatGas, Oil Projects

Energy Secretary Rick Perry on Tuesday said he expects Mexico and Canada will join the United States in drafting a revamped North American Free Trade Agreement (NAFTA) to incorporate cooperation for the continent’s burgeoning natural gas and oil trade.
Waha-Forward-Basis-Prices-20171113

Energy Transfer Says Waha-to-Mexico Ramping Up ‘Some Time Down the Road’

Basis differentials at the Waha Hub, situated at the heart of the Permian Basin, could "blow out materially" over the next year or two, and Energy Transfer Partners LP (ETP) is poised to take advantage, management said.

Mexico’s Competition Watchdog OKs IEnova’s $500M Los Ramones II Deal

Mexican competition authorities have cleared a $500 million deal by Sempra Energy’s local subsidiary to increase its stake in the Los Ramones II Norte natural gas pipeline, the company said last week.

Bidders Sit Out Tender to Hire State Oil, NatGas Marketer for Mexico’s PSAs

Companies passed on Mexico’s first tender to hire a marketer for the oil and natural gas output that the government receives from operators with production-sharing agreements (PSAs).
Monthly-Mexico-Land-Oil-and-Gas-Drilling-Rig-Count-20171109

Try, Try Again? Mexico Aiming for Fracking Friends as Third Unconventionals Auction Looms

Mexican authorities are planning a third attempt to auction several blocks of unconventional sources of energy, particularly shale, of which it is reckoned to hold the world’s sixth largest reserves, though so far almost completely untapped.
Monthly-Mexico-Oil-and-Gas-Drilling-Rigs-20171107

Hornbeck Warns of GOM Challenges, Mexico Uncertainty Related to 2018 Election

Gulf of Mexico (GOM) vessel supplier Hornbeck Offshore Services Inc. reported increased revenues in the third quarter, but the CEO warned that the market for supply vessels, tankers and barges remains "very challenging," with operators unlikely to enter into long-term contracts without confidence on commodity prices and rising uncertainty over energy development in Mexico.

LPG Trade Shifting on Mexico Energy Reform, Panama Canal Expansion

Mexico’s energy reforms, in combination with the expansion of the Panama Canal, have reconfigured the fortunes for liquefied petroleum gas (LPG), according to an analysis by IHS Markit.
Monthly-PEMEX-Crude-Oil-Production-20171106

Pemex Strikes Oil in Biggest Onshore Discovery of Last 15 years

Petroleos Mexicanos (Pemex) has made its largest onshore discovery in the last 15 years at a well in the southern state of Veracruz, Mexican president Enrique Pena Nieto announced at the end of last week.
New-Demand-and-Capacity-Reallocations-for-Firm-Transport-20171102

Survey of Mexican Shippers Finds New Demand for Pipeline Capacity, NatGas Storage

A survey of Mexican natural gas shippers has revealed 4.62 Bcf/d of mostly new demand for firm transport capacity on the country’s main pipeline system, the Sistrangas.
Monthly-Gross-US-NatGas-Pipeline-Exports-to-Mexico-20171102

August U.S. NatGas Pipeline Shipments to Mexico Remain Flat, But LNG Exports Tumble

U.S. natural gas exports to Mexico have been on a clear uptrend in recent months, but that rise took a noticeable pause in August. Pipeline shipments to Mexico were flat for the month, but liquefied natural gas (LNG) exports from Sabine Pass dropped to their lowest level of the year.

3D"Sign

NGI's Bidweek Alert Day 1 - November 22 for December 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.155 to -0.155
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.0925 to -0.09
East Texas
Carthage -- --
Houston Ship Channel -- -0.10 to -0.10
Katy -- --
NGPL TexOk -- -0.165 to -0.165
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.41 to 2.45 --
Transwestern 2.48 to 2.48 --
Waha 2.45 to 2.49 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.01 to 3.05 --
Chicago - Nicor Gas 3.01 to 3.02 --
Chicago - NIPSCO 3.02 to 3.05 --
Chicago - North Shore -- --
Chicago - Peoples 3.01 to 3.01 --
Consumers Energy -- 0.005 to 0.005
Dawn 3.08 to 3.09 0.13 to 0.1425
Emerson -- -0.065 to -0.06
Joliet -- --
Lebanon -- --
Michigan Consolidated 2.91 to 2.92 -0.055 to -0.045
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- --
Enable East -- --
Enable West -- --
NGPL Midcontinent -- -0.32 to -0.32
Northern Border Ventura -- --
Northern Natural Demarc 2.91 to 2.93 --
Northern Natural Ventura 2.92 to 2.95 --
OGT 2.46 to 2.47 --
Panhandle Eastern -- -0.40 to -0.40
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- --
Trunkline Zone 1A -- -0.13 to -0.125
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- -0.125 to -0.12
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- -0.085 to -0.085
Tennessee Line 800 -- -0.10 to -0.10
Texas Eastern E. LA -- --
Texas Eastern W. LA -- -0.10 to -0.10
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- --
Transco Zone 5 -- --
Transco Zone 5 North -- --
Transco Zone 5 South -- --
Appalachia
Columbia Gas -- -0.1975 to -0.195
Dominion North -- --
Dominion South -- -0.70 to -0.5975
Leidy Hub -- --
Millennium East Pool -- -0.77 to -0.69
Tenn Zone 4 200L -- -0.34 to -0.33
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.88 to -0.78
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.63 to -0.58
Texas Eastern M-3, Delivery -- -0.01 to 0.06
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.80 to -0.72
Northeast
Algonquin Citygate -- 2.55 to 2.60
Algonquin Citygate (non-G) -- 2.55 to 2.60
Algonquin Receipts -- --
Iroquois Zone 2 -- --
Iroquois, Waddington -- --
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 2.90 to 3.00
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.49 to 0.49
Transco Zone 6 non-NY North -- 0.49 to 0.49
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.95 to 0.95
Rocky Mountains
Cheyenne Hub -- --
CIG -- --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.52 to 2.53 --
Kern River 2.76 to 2.78 --
Kingsgate -- --
Northwest S. of Green River 2.66 to 2.68 --
Northwest Sumas 3.15 to 3.23 --
Northwest Wyoming Pool -- --
Opal 2.75 to 2.77 --
Questar -- --
Stanfield 2.83 to 2.83 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.30 to 3.32 --
California
Malin 2.81 to 2.82 --
PG&E Citygate 3.05 to 3.11 --
SoCal Citygate 5.50 to 5.87 --
Southern Border, PG&E -- --
Southern Border, SoCal 3.28 to 3.35 --
SoCal Border Avg. 3.28 to 3.35 --
Canada
Empress -- --
NOVA/AECO C 1.90 to 1.94 --
Westcoast Station 2 -- --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.
NGI's Mexico Gas Price Index:
Your source for Mexico Prices, Pipeline Flow Data, and Analysis
Mexico Border Forward Prices - Updated Daily
Track forward prices at points relevant to U.S. natural gas exports to Mexico. See the forward curves in fixed and basis form going out a full year. Points include Henry Hub, Houston Ship Channel, Tennessee Zone 0 South, TETCO S. TX, El Paso Permian, Waha and SoCal Border.
Mexico Border Tracker - Updated Daily
Look to NGI's Mexico Border Tracker to see pipeline flows and capacity utilization figures at major export points along the border. 
U.S. / Mexico Spot Prices - Updated Daily
As the Mexican natural gas spot market evolves, this is where you'll find NGI's Mexico Gas Price Indexes. Currently shows prices at the border points of Ehrenberg, South Texas and Waha. Mexico domestic spot prices coming soon!
Mexico Cost-Plus Chart - Updated Daily
NGI's cost plus transportation chart shows the theoretical delivered price of natural gas from the U.S. to points within the various regions of Mexico's SISTRANGAS system, based on current Texas spot market indexes and pipeline transportation rates in both countries.
South Central Gas In Storage - Updated Weekly
The U.S. South Central storage region now serves not only the U.S. but Mexico too. As levels of working gas in this region grow in importance NGI has made it easy to monitor them compared to historical trends.