AMLO

Column: Upcoming Elections are Key to Health of Mexico’s Energy Sector

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Natural Gas Futures Rise from Dead as EIA Storage Data Scares Bears

Bullish EIA storage reports erases December’s early gains Weather still seen mild after next week, so downside risk looms Cash slides on weak weekend demand Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. The December Nymex contract, on…

October 30, 2020

Mayakan Open Season in Yucatán Seen as Test of Market Demand for Natural Gas Projects

The open season to test support for the Mayakan natural gas pipeline system launched by French company Engie SA, while minimal in volumes, could be a test of market demand and infrastructure needs.  Engie opened bidding on the 483-mile Mayakan system earlier this week, seeking to allocate 0.755 MMcf/d of firm capacity on existing infrastructure.…

October 29, 2020

November Natural Gas Falls Short of $3 Mark as Cold Seen Moderating; Cash Strengthens

BREAKING: U.S. EIA reports a much smaller-than-expected 29 Bcf injection into natural gas storage inventories for the week ending Oct. 23 Zeta disrupts supply/demand balance along Gulf Coast Cash rallies as hurricane set to clash with cold weather system Natural gas traders on Wednesday struggled with which side of the $3.00/MMBtu mark the prompt-month futures…

October 29, 2020

Pemex Betting on Priority Fields as Oil, Gas Production Barely Budges in 3Q

Management at Mexico’s Petróleos Mexicanos (Pemex) thinks its strategy to focus on 20 new priority fields is starting to pay dividends, with 123,000 b/d of new production added from 15 producing areas by the end of September. Thirteen wells were drilled at the priority fields during the third quarter, and the company will complete and…

October 28, 2020