Mexico needs to reach an agreement during the consultation period with its commercial partners in the United States-Mexico-Canada-Agreement (USMCA) as part of a dispute over energy policies, Teresa Gallegos, an expert attorney in the Mexican energy industry, told NGI’s Mexico GPI. If it doesn’t, “Mexico will be in a very unfavorable position which will without…
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Black Hills ‘Powering a Better Future’ with Crypto, Energy Transition Proposals
After breaking three new summer peak loads for its Wyoming electric subsidiary this summer, management for Rapid City, SD-based Black Hills Corp. highlighted the utility’s interruptible service tariff agreement with a cryptocurrency miner. Black Hills Energy’s Cheyenne Light, Fuel and Power Co. “completed its first agreement for service under our blockchain tariff in Wyoming with…
Natural Gas Rules Cited in USMCA Complaint Against Mexico
The U.S. government is escalating its response to Mexico’s energy policies under President Andrés Manuel López Obrador, alleging violation of the United States-Mexico-Canada Agreement (USMCA) and discriminatory treatment of U.S. energy companies. U.S. Trade Representative (USTR) Katherine Tai said Monday that her office is requesting dispute settlement consultations with Mexico under the free trade pact,…
Hawaii Paying Most in U.S. for Natural Gas in 2022, Says WalletHub
At $158/month, Hawaii residents pay more for natural gas than any other state on average, while natural gas is the least expensive for New Mexico residents at an average monthly cost of $43/month, according to data from WalletHub. The Evolution Finance Inc. subsidiary reported in its latest study that in 2022, the average residential price…
Australian LNG Exports Under Scrutiny Amid Global Supply Crisis
Cold weather, coal-fired power outages and a lack of natural gas infrastructure to connect to regional markets has left Australia questioning the value of liquefied natural gas (LNG) exports. “Much like recent energy crises elsewhere in the world, the situation in Australia is an unfortunate confluence of massive coal capacity outages, combined with a colder-than-normal…
DOE Grants $8M to Hydropower Upgrade Projects
The U.S. Department of Energy (DOE) has awarded $8 million to three projects that aim to strengthen hydroelectric power’s ability to support the changing grid. Pumped-storage hydropower (PSH) is capable of storing large amounts of low-cost renewable energy. One of the main challenges facing the hydropower industry is the gaps in information on how to…
FERC Says LNG Export Growth Key Factor in Higher Summer Natural Gas, Electric Prices
Driven in part by liquefied natural gas (LNG) exports, demand growth will outpace supply gains this summer, leading to higher prices year/year, FERC said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected…
Future Sistrangas Open Seasons Could Favor Mexico’s CFE and Pemex, Expert Lawyer Says
Potential future open seasons on Mexico’s Sistrangas national pipeline system could be designed to benefit the nation’s state-run energy companies Comisión Federal de Electricidad (CFE) and Petróleos Mexicanos (Pemex), according to energy and regulatory lawyer Paulina Doen. “At the same time, given that both CFE and Pemex use the Sistrangas system, the open seasons could…
Mexico’s State-First Power Sector Overhaul Comes Up Short in Congress
A constitutional overhaul of Mexico’s electric power sector failed to garner the supermajority of votes needed to pass the lower house on Sunday. The proposal advocated by President Andrés Manuel López Obrador sought to consolidate the market power of state-owned Comisión Federal de Electricidad (CFE). Prominent business groups praised legislators for halting the proposal, which…
Supreme Court Deems Mexico Power Reform Constitutional, but ‘Endless Litigation’ Feared Ahead
Mexico’s Supreme Court ruled last Thursday that key components of legislation passed in 2021 to overhaul the country’s electric industry law (known by its Spanish initials LIE) do not violate the constitution. The decision is a victory of sorts for President Andrés Manuel López Obrador, although the law still faces numerous challenges in lower courts.…