Christopher Lenton

Mexico’s natural gas system is standing firm amid bitingly cold weather in Texas that brought back memories of the 2021 winter storm that deeply impacted cross-border flows. On Friday night, Mexico power system operator Cenace declared a state of operational emergency on the national grid “due to the possibility of rationing of natural gas imported…

Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2. Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data. Natural gas…

Mexico’s Cenagas, operator of the national pipeline system known as the Sistrangas, has announced winners in the biggest open season under the administration of Andrés Manuel López Obrador. The state-run operator offered capacity to 19 end-users, distributors and shippers on the pipeline system, with almost all bidders receiving their requested amounts of uninterruptible capacity. This…

Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2. Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data. Natural gas…

North American natural gas futures for February delivery kept rising this week as cold weather over the coming week promises to boost demand. The New York Mercantile Exchange February contract ended Thursday at $2.821/MMBtu, up 15.3 cents on the day. LNG demand in the United States has been strong at around 14 Bcf/d. Mexico imports,…

Spain’s Iberdrola SA has started operations at the 766 MW Topolobampo III natural gas-fired combined cycle plant in Mexico’s Sinaloa state. Iberdrola executives called the power plant a “highly efficient, digitally enabled, combined-cycle power plant, which aims to support Mexico’s renewable-rich grid and further renewable growth in the country.” The plant uses U.S. firm GE…

North American natural gas prices showed a little bit of momentum this week, but remained well under the $3 mark. The New York Mercantile Exchange contract for February natural gas ended its first day as the prompt month on Thursday at $2.557/MMBtu. January futures rolled off the board Wednesday 6.9 cents higher day/day at $2.619.…

Mexican conglomerate Grupo Carso SAB has signed a deal with state utility Comisión Federal de Electricidad (CFE) to build and operate a natural gas pipeline in the northwestern portion of the country. The natural gas pipeline would run across the states of Sonora and Baja California for a distance of about 416 kilometers, or around…

Mexico could have a good year in 2024 despite a degree of uncertainty in Latin America, according to analysts at New York City-headquartered political risk consultancy Eurasia Group. The analyst team led by Latin America managing director Daniel Kerner highlighted Mexico President Andrés Manuel López Obrador’s high and stable approval ratings, “based on a solid…