imports/exports

Most Latin American nations will need to rely on natural gas imports to meet rising demand in the coming years, according to a new analysis from Wood Mackenzie. With several challenges facing gas developments in the region, supply will be unable to keep up with demand, driving the need for expanded imports, according to analysts.…

Freeport LNG came back online this week, but natural gas prices remained firmly below $3.00/MMBtu. On Thursday, the March New York Mercantile Exchange gas futures contract settled at $2.389, down 8.2 cents day/day. April shed 7.0 cents to $2.485. Attractive pricing hasn’t led to a bump in gas imports from Mexico buyers. U.S. pipeline imports…

Momentum is building for the re-export of U.S. natural gas to Asia by way of Mexico’s Pacific Coast, as evidenced by developments over the last week. The U.S. Department of Energy (DOE) granted Sempra Infrastructure’s request for two LNG export permits for terminal projects planned in Mexico. Published by DOE Dec. 20, the orders expanded…

Mexico’s natural gas production continued to surprise in November, rising to 4.431 Bcf/d from 3.872 Bcf/d in the same month last year. Production was also up considerably compared to the 4.04 Bcf/d in October, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Production averaged 4.079 Bcf/d through the first eleven…

U.S. natural gas exports to Mexico via West Texas are once again heading upward this year, according to analysis by the U.S. Energy Information Administration (EIA). Exports from West Texas “have grown steadily in recent years, doubling from 0.6 Bcf/d in 2019 to 1.2 Bcf/d in 2021 as more connecting pipelines in Central and Southwest…

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

Mexico President Andrés Manuel López Obrador said a natural gas pipeline connecting the Atlantic and Pacific coasts is set to go ahead. The 320 MMcf/d Jaltipán-Salina Cruz pipeline would cross the Isthmus of Tehuantepec, the narrowest strip of land in Mexico, between the two coasts. “A gas pipeline in the isthmus is planned to transport…

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.  These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…