Texas, and most of the United States, experienced its first big freeze of the year last weekend, but even as natural gas production dropped, the Mexico market didn’t feel any major impacts.

Mexico

“So far, everything has been very tranquil in the market,” a gas buyer in Mexico City told NGI’s Mexico GPI. He said that the period between Christmas and January 6, or Día de los Reyes Magos, is historically one of low demand.

Pipeline freeze offs clipped about 4-5 Bcf/d of production across the United States over the first few days of the new year, according to James Bevan, VP of Research at Criterion Research.

Bevan said during the latest episode of NGI’s Hub & Flow podcast that all the main producing regions in the United States were impacted by the freezing weather. But...