The recent addition of the Agua Dulce pricing location to NGI’s Forward Look offered natural gas buyers on either side of the Texas-Mexico border insight into any lingering concerns related to last month’s energy crisis.

Agua Dulce forwards

Now, Mexican market players are looking to Agua Dulce forward curves to gain further understanding of key issues in the U.S. gas market going forward. This summer could shape up to be a volatile one, thanks in part to stronger export demand year/year, the need to replenish storage inventories and the potential for record heat.

One Mexican power producer said he uses Forward Look price curves to “gain a sense of the volatility of certain indicators.”

During the week of the unprecedented cold snap in Texas, forward prices in some of the most impacted...