Hurricane Grace, a Category 1 storm, made landfall in Mexico early Thursday in the eastern Yucatán Peninsula, bringing with it heavy rains and winds, and interrupting power service to some 300,000 homes, according to Mexican utility Comisión Federal de Electricidad (CFE).

Mexico imports

The storm was expected to restrengthen as it moved across the southwestern Gulf of Mexico on Friday. As of press time, there were no impacts to natural gas flows in the country. CFE said it had restored power to half of those affected.

“Our preliminary estimates indicate that, so far, Grace is not causing major, direct impacts on Mexican natural gas fundamentals,” Wood Mackenzie analyst Ricardo Falcón told NGI’s Mexico GPI. “Furthermore, there is no significant gas supply at risk in the Yucatán...