Mexico’s economy went into quiet mode for most of the last week as the country celebrated its Dia de los Muertos holiday. Natural gas imports from the United States dropped, and pricing volatility continued to be the name of the game.

Wood Mackenzie analyst Ricardo Falcón told NGI’s Mexico GPI that low pressure systems and cooler weather in Mexico have also led to a drop in natural gas demand over the past week. Wood Mackenzie’s preliminary figures for power and industrial gas burns are around 6.3 Bcf/d so far in November, a month/month decrease of almost 4%.

“These levels are contributing to a noteworthy drop in U.S.-to-Mexico pipeline exports,” Falcón said.

Wood Mackenzie figures have pipeline imports from the United States at 5.3 Bcf/d so far in November. NGI...