Energy

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. As Mexico prepares for its presidential elections next June, it is no exaggeration to say that the nation is at a crossroads…

Natural gas use is projected to increase worldwide by more than 20% in 2050, even as solar and wind resources rise sharply, according to ExxonMobil. In the Global Outlook to 2050 published on Monday, the Houston-based integrated major said global gas consumption would continue to climb, “given its utility as a reliable and lower-emissions source…

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success, said participants at the Mexico Gas Summit in San Antonio, TX last week. The country needs investment in its natural gas supply…

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success, said participants at the Mexico Gas Summit in San Antonio, TX last week. The country needs investment in its natural gas supply…

Mexican President Andrés Manuel López Obrador’s government claimed inefficiencies in supply chains were behind a recent and temporary nationalization of private assets. Last Friday, the military seized part of a rail line owned by Grupo Mexico SAB unit Ferromex in the southern state of Veracruz. The railway is part of the Interoceanic Corridor project crossing…

Pittsburgh-based EQT Corp. may be the largest U.S. natural gas producer, but a commitment to reducing carbon emissions led management to spend $28 million to replace or retrofit 100% of its gas-powered pneumatic devices. The initiative led to a 70% reduction in methane emissions. The annual carbon footprint also declined, down by 305,614 metric tons…

The Oil and Gas Climate Initiative (OGCI), a collaboration by the CEOs of a dozen global energy producers, said it  has reduced members’ absolute upstream methane emissions by 40% since 2017 with spending on low carbon solutions nearly doubling to $40 billion.The collaborative launched an industry-wide initiative to reduce methane emissions to near zero, while…

The European Union has reached a preliminary agreement on a landmark plan to tax imports of carbon-intensive goods like aluminum, cement, electricity, fertilizers and hydrogen. It does not include commodities like natural gas.

Mexico’s state power company Comisión Federal de Electricidad (CFE) has more than doubled the utilization rate of its natural gas pipelines since the current government took over in 2018, according to energy minister Rocío Nahle.  Nahle addressed Mexico’s senate energy committee on Thursday (Dec. 8) about the state of the sector. CFE is Mexico’s largest…