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. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…
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Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists
Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column
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. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…
Mexico Natural Gas Imports Outpacing Production as E&P Stagnates
Pipeline imports from the United States are accounting for a growing share of Mexico’s natural gas supply this year as volumes provided by Mexican production decline, new data show. Mexico’s natural gas production averaged 4.34 Bcf/d year-to-date through October, up from a full-year average of 4.09 Bcf/d in 2022, according to the latest figures from…
U.S. Natural Gas Pipeline Exports to Mexico Dip for First Time in Over a Decade Amid Record Prices
U.S. natural gas gas exports to Mexico via pipeline fell on a year/year basis in 2022 for the first time since 2010, according to the U.S. Department of Energy (DOE). DOE compiles a quarterly report on the North American natural gas trade. Gas flows to Mexico dipped to 5.7 Bcf/d in 2022 from 5.9 Bcf/d…
Latin American Nations Seen Needing More Natural Gas Imports Over Next Decade
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.…
Buyers Enjoying Cheaper Natural Gas Imports, Except Through California – Mexico Spotlight
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…
U.S. Firms Advancing Mexico LNG Export Plans as Asian Buyers Line Up Supply
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 Natural Gas Production Jumps by 400 MMcf/d in November
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…
West Texas Natural Gas Exports to Mexico Growing Steadily
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…