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Despite Uncertainty, Natural Gas Marketers Optimistic About Mexico
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Despite Uncertainty, Natural Gas Marketers Optimistic About Mexico

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NGI's Mexico GPI

November 19, 2019

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Despite Uncertainty, Natural Gas Marketers Optimistic About Mexico

Mexico’s natural gas market remains attractive despite recent macro-political uncertainty, according to two executives tasked with developing their firms’ respective gas marketing divisions in the country.

Natural Gas Futures Gain as Market Awaits Weekend Weather Data

  • December Nymex futures up 4.1 cents to $2.688; January up 3.1 cents to $2.750
  • “There are mixed risks, and confidence in details is lower, so we definitely feel like it is a weekend to be cautious,” says Bespoke
  • Residential/commercial demand over the past week averaged 38.5 Bcf/d, “levels not normally witnessed until late December,” says TPH
  • Upcoming maintenance on PG&E could impact deliveries into SoCalGas: Genscape
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COLUMN: Forming Local Index Is Crucial to Developing Mexico’s Natural Gas Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme.
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Diverging Weather Models Keep Market on Edge as Natural Gas Futures Finish Higher

  • December Nymex futures up 4.7 cents to $2.647; January up 2.7 cents to $2.719
  • “I’d still probably lean a little bit more to the bearish side, just because we’ve not quite yet reached oversold levels,” says Powerhouse’s Thompson
  • European model “again wasn’t nearly as cold” as American for Nov. 22-28: NatGasWeather
  • Force majeure on Transwestern not impacting Permian flows for Thursday: Genscape
SISTRANGASNaturalGasPipelineSystem

Interconnections, Capacity Clarity Said Needed in Mexico Natural Gas Market

Mexico’s natural gas market needs more clarity as to how its two main pipeline systems will interact, from both a physical and regulatory perspective, according to Talanza Energy Consulting’s Daniela Flores, head of midstream and downstream.
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Colder-Trending Weather Data Sparks Late Natural Gas Futures Gains

  • BREAKING: EIA reports 3 Bcf storage injection for week ending November 8, compared to expectations ranging from -9 Bcf to 9 Bcf
  • December Nymex futures settle at $2.600, down 2.1 cents, but rally late; January settles at $2.692
  • Wednesday “marked the third day in a row of colder trends, and the market seems to be saying that’s enough to warrant a move back higher,” says Bespoke
  • Freeze-offs impacting about 1.3 Bcf/d of U.S. production Wednesday as “it appears the worst is over” from this week’s cold weather: Genscape’s Margolin
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U.S Critical in Mexico Natural Gas Supply/Demand Equation

Mexico will be unable to close the gap between natural gas supply and demand within the next five years, meaning that imports of the fuel from the United States will play an increasingly important role, a panel of experts said on Tuesday.

3D"Sign

NGI's Bidweek Alert Day 5 - October 31st for November 2019
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- --
Texas Eastern S. TX -- -0.1100 to -0.1000
Transco Zone 1 -- -0.0900 to -0.0850
East Texas
Carthage -- -0.2200 to -0.2200
Houston Ship Channel 2.520 to 2.520 -0.0950 to -0.0775
Katy -- --
NGPL TexOk -- -0.1900 to -0.1700
Tennessee Zone 0 North -- -0.1950 to -0.1950
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.570 to 1.900 --
El Paso - Keystone Pool 0.570 to 1.350 --
El Paso - Plains Pool 1.200 to 1.900 --
El Paso - Waha Pool 0.580 to 1.080 --
Transwestern 0.500 to 1.000 --
Transwestern - Central 0.500 to 0.500 --
Transwestern - W. TX 1.000 to 1.000 --
Waha 0.420 to 1.400 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.290 to 2.640 --
Chicago - Nicor Gas 2.290 to 2.555 --
Chicago - NIPSCO 2.320 to 2.640 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0750 to -0.0450
Dawn 2.345 to 2.715 0.0200 to 0.1100
Defiance -- -0.1900 to -0.1700
Rover-ANR -- -0.1900 to -0.1700
Rover-Panhandle -- -0.1900 to -0.1900
Emerson -- 0.0800 to 0.1500
Joliet -- --
Lebanon -- -0.1700 to -0.1700
Michigan Consolidated -- -0.1300 to -0.1000
NGPL Amarillo Mainline -- --
Parkway/Union 2.375 to 2.760 --
REX Zone 3 Delivered -- -0.1700 to -0.1450
REX into ANR - Shelby -- -0.1700 to -0.1600
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1450 to -0.1450
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.3600 to -0.3400
Enable East -- -0.3800 to -0.3200
NGPL Midcontinent 1.700 to 1.830 -0.6500 to -0.6000
Northern Border Ventura -- --
Northern Natural Demarc 2.330 to 2.665 0.0200 to 0.0200
Northern Natural Ventura 2.345 to 2.700 0.0350 to 0.0400
OGT 1.720 to 1.780 -0.9000 to -0.6100
Panhandle Eastern 1.780 to 2.055 -0.6450 to -0.4200
Southern Star 2.190 to 2.190 --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 2.580 to 2.580 -0.2350 to -0.2100
Trunkline Zone 1A -- -0.2250 to -0.2150
South Louisiana
ANR SE -- -0.0750 to -0.0750
Columbia Gulf Mainline -- -0.2650 to -0.2400
Columbia Gulf onshore -- -0.1100 to -0.1100
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0575 to -0.0425
Tennessee Line 500 -- -0.0700 to -0.0500
Tennessee Line 800 -- -0.1300 to -0.1050
Texas Eastern E. LA -- -0.1300 to -0.1300
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0550 to -0.0475
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0300 to 0.0500
Texas Eastern M-1, 30 -- -0.1600 to -0.1600
Transco Zone 4 -- -0.0375 to -0.0250
Transco Zone 5 -- 0.0500 to 0.0775
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0500 to 0.0775
Appalachia
Columbia Gas -- -0.4000 to -0.3525
Dominion North -- -0.6000 to -0.5400
Dominion South 2.020 to 2.020 -0.6300 to -0.5350
Leidy Hub -- --
Millennium East Pool -- -0.6000 to -0.5500
Tenn Zone 4 200L -- -0.2700 to -0.2300
Tennessee Zn 4 313 Pool -- -0.4800 to -0.4000
Tennessee Zn 4 Marcellus -- -0.6500 to -0.6050
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.7450 to -0.6500
Texas Eastern M-3, Delivery -- -0.0600 to 0.0400
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5900 to -0.5500
Northeast
Algonquin Citygate -- 0.9000 to 1.5000
Algonquin Citygate (non-G) -- 0.9000 to 1.5000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.3900 to 0.6400
Iroquois, Waddington -- 0.2000 to 0.2400
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.6500 to 1.3000
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 0.6500 to 1.3000
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2600 to -0.0700
Transco Zone 6 non-NY North -- -0.2600 to -0.0700
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0800 to 0.0000
Rocky Mountains
Cheyenne Hub 1.860 to 2.200 --
CIG 1.900 to 2.170 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.950 to 2.200 --
Kern River 2.250 to 2.355 --
Kingsgate -- --
Northwest Rockies 2.450 to 2.450 --
Northwest S. of Green River -- --
Northwest Sumas 3.000 to 3.540 --
Northwest Wyoming Pool 2.450 to 2.450 --
Opal 2.250 to 2.510 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.150 to 2.150 --
White River Hub 2.030 to 2.200 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.700 to 2.900 --
California
Malin 2.240 to 2.500 --
PG&E Citygate 3.060 to 3.300 --
SoCal Citygate 3.200 to 3.390 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.120 to 2.820 --
SoCal Border Avg. 2.120 to 2.820 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg -- --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.720 to 2.820 --
SoCal Border - Needles 2.120 to 2.120 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.560 to 2.985 --
NOVA/AECO C 2.300 to 2.630 --
Westcoast Station 2 1.250 to 1.500 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.