Officials in Mexico, the United States and Canada celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after two years of negotiations. “USMCA will support and grow North American energy security by maintaining zero-tariff trade for crude oil, gasoline, kerosene-type jet fuel…
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Concern is growing in Mexico over supplies of natural gas to industry, and the leader of the powerful lobby of Monterrey industrialists, Juan Ignacio Garza, told the daily Reforma last week that “a perfect storm” is brewing in the country.
Shell Chemical Appalachia LLC can continue constructing its multi-billion dollar ethane cracker in western Pennsylvania without delay after the Trump administration last week eased restrictions on imported steel from South Korea, Argentina and Brazil.
Natural gas imports into Mexico grew 6.3% year/year (y/y) in May as pipeline shipments and liquefied natural gas (LNG) continued to make up for declining domestic output, according to the latest official data.
Mexican natural gas imports averaged 5.07 Bcf/d in April, up 13.2% year/year (y/y), according to the latest Energy Ministry (Sener) data.
The Department of Energy’s (DOE) Office of Fossil Energy granted nine authorizations last month for companies to both import and export natural gas to Canada and Mexico via pipeline for up to two years, while also vacating three similar authorizations.
One day before controversial new tariffs on steel and aluminum imports on several U.S. allies were to take effect, the Trump administration on Monday extended trade negotiations with Canada, Mexico and the European Union (EU) for another 30 days.
Natural gas demand worldwide rose by only 1.5% last year, slower than the 10-year average, while production climbed a mere 0.3%, the weakest growth in almost 34 years, with U.S. output falling for the first time since the shale revolution, BP plc said Tuesday.
The United States’ presence in the expected near-term strengthening of the global liquefied natural gas (LNG) market and Europe’s key role on the marginal demand side are likely to be game-changers over the next five years, according to a report released Monday by Societe Generale research analysts.
U.S. pipeline capacity for natural gas exports to Mexico has not only rapidly expanded in recent years, but it is expected to nearly double over the next three, according to the Energy Information Administration (EIA).