Mexico’s Electricity Frailty Displays Magnitude of Issues for the Next Government – Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Mexico experienced severe disruptions to its energy supply earlier this month, highlighting the vulnerability of the country’s infrastructure. These events were not…

Natural Gas Futures Tank Despite Bullish Fundamentals as Market Corrects; Spot Gas Gains

Overbought June Nymex natural gas futures were pummeled Thursday as the market shrugged off fundamental bullishness and a miss in government storage data. At A Glance: Futures sink 18.5 cents EIA reports 78 Bcf build Cash climbs with heat The prompt month contract settled at $2.657/MMBtu, down 18.5 cents day/day. June futures were negative at…

May 23, 2024

Mexico Planning Natural Gas Infrastructure Amid Rising Nearshoring, Power Demand – Spotlight

North American natural gas futures have been on a hot streak these past two weeks as warmer temperatures and tighter supplies provided market bulls with some optimism. Bucking the trend on Thursday, the New York Mercantile Exchange June contract settled at $2.657/MMBtu, down 18.5 cents day/day. Mexico imports of U.S. gas have, meanwhile, continued to…

May 23, 2024

June Natural Gas Futures Sink Despite Bullish EIA Storage Print

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 78 Bcf natural gas into storage for the week ended May 17. The print was a bullish miss against expectations and historical averages. The result reflected a demand-side push from a hike in power burns and the early return of Freeport LNG while…

May 23, 2024

Developers Ask DOE to Approve 4 MMty Gato Negro LNG Project in Mexico

Mexican developers backed by Big River Energy LLC are seeking approval from the Department of Energy (DOE) for a 4 million metric ton/year (mmty) LNG export project in Manzanillo that would be fed by U.S. natural gas. Gato Negro Permitium Uno SAPI de CV filed a request with the DOE to import up to 0.647…

May 22, 2024