IEnova pipeline

Column: Mexico’s Natural Gas Market Showing its Strength Amid Threats to Investment

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…

EIA Storage Data Fails to Move Natural Gas Price Needle, but Bullish Momentum Expected Soon

Natural gas futures traders brush off EIA storage report Warm April keeps prices in check, but support seen by May Cash prices mixed; Algonquin experienced unplanned outage at Weymouth (again) Natural gas futures waffled in and out of the green Thursday after the weekly storage data failed to offer any surprises, and weather models maintained…

April 9, 2021

Mexico Seeking to Join Latin American Peers in Hydrogen Push

As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the party. “At a federal level, nothing is really happening,” Mexico energy expert Gonzalo Monroy told NGI’s Mexico GPI, “but there are initiatives at the local level.” One of those initiatives was the formal launch…

April 8, 2021

Natural Gas Futures Bounce on Mid-April Cold Snap; Cash Strong in West

BREAKING: U.S. EIA reports an on-target 20 Bcf injection into storage inventories for the week ending April 2 Nymex natural gas holds onto early gains as power burns strengthen California snowpack levels well below-average Natural gas futures managed to hold onto early gains midweek despite little change in fundamentals. The May Nymex gas futures contract…

April 8, 2021

Mexico’s Pemex Aiming for 15% Increase in Natural Gas Production in 2021

Mexican state oil company Petróleos Mexicanos (Pemex) is forecasting a base-case scenario increase of natural gas production to 4.19 Bcf/d in 2021 from 3.64 Bcf/d realized in 2020, according to its newly released 2021-2025 business plan. For 2022, Pemex sees production reaching 4.39 Bcf/d before dropping to 4.1 Bcf/d in 2023 and 3.94 Bcf/d in…

April 7, 2021