Editor's Note: Please enjoy this bonus coverage from NGI's Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico.
Request a Trial | Subscribe

Natural gas prices in Mexico hit record lows for a second consecutive month in April, according to the IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE).

Marketers reported an average price of 51.938 pesos/gigajoule (GJ), or $2.88/MMBtu, making April the first month for which the IPGN has fallen below $3/MMBtu since its inaugural publication in July 2017.

The April price was down from the April 2018 average of 71.854 pesos/GJ ($4.132/MMBtu), reflecting a downward trend in the U.S. indexes to which a majority of transactions in Mexico are linked.

CRE used 243 transactions reported by 18 companies for a total volume of 5.683 Bcf/d to calculate the latest IPGN, with nine atypical transactions excluded from the formula. This compares with 180 deals from 20 companies for 4.886 Bcf/d a year ago, with five atypical transactions excluded.

To read the full article and gain access to more in-depth coverage including natural gas price and flow data surrounding the rapidly evolving Mexico energy markets, check out NGI’s Mexico Gas Price Index.