The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…
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Sempra Exec Touts ‘Dramatic Increase’ in Offtaker Interest for Mexico, U.S. LNG Projects
Sempra is seeing “a dramatic increase in the market interest” for its liquefied natural gas (LNG) export projects under development on Mexico’s Pacific Coast and the U.S. Gulf Coast, according to Sempra Infrastructure CEO Justin Bird. Formed in 2021, Sempra Infrastructure is tasked with developing, building and operating Sempra’s natural gas liquefaction, pipeline and storage…
Vaca Muerta Shale’s Natural Gas Pipe Said ‘First Step to Going Global’
Argentina’s government has published a decree granting the natural gas transport concession for the Néstor Kirchner pipeline project to state natural gas buyer Integración Energética Argentina SA (Ieasa). Ieasa, which is also responsible for sourcing liquefied natural (LNG) imports in the country, has been given authorization to create a trust to construct the pipeline. The…
Natural Gas Industry Warns of ‘Chilling’ Impacts from New FERC Policies
Revamped policies that would guide FERC’s review of natural gas and liquefied natural gas infrastructure, as well as interim guidance for greenhouse gas (GHG) emissions, are likely to create more uncertainty and lengthier reviews, critics said. In a split 3-2 vote, carried by the Democratic majority, the Federal Energy Regulatory Commission on Thursday issued policy…
Mexican Consumer Prices to Rise if Electricity Proposal Passes, Baker Institute Director Says
“I think people are in for a very big surprise if they allow the Mexican government to monopolize the electricity sector; it’s simply not going to do Mexicans any favors in terms of efficiency, competition, low prices, or capital investment,” Tony Payan, Director of the Center for the United States and Mexico at Rice University’s…
Mexican Energy Companies On Edge in New Year, Top Industry Lawyer Says
“Widespread uncertainty is impacting energy companies in Mexico on a daily basis,” David Enríquez, senior partner at the Mexico City-based law firm Goodrich, Riquelme y Asociados, told NGI’s Mexico GPI. “Some companies don’t even know if they will continue to exist in the next few months or if they’re going to have a permit to…
Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak
Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…
Mexico Likely to Experience Power Outages in 2022, Industry Expert Says
“It appears the demand for electricity is beginning to grow again as the economy recovers and that, if there is a sudden spike in demand, for example, the supply isn’t going to be there to meet it,” Víctor Florencio Ramírez, directing partner at Mexico City-based consultancy Perceptia21 Energía, told NGI’s Mexico GPI. “We’re going to…
Five Mexico Natural Gas Projects to Watch in 2022
Although investment in Mexico’s energy sector has slowed, the country’s demand for U.S. natural gas continues to rise, and its gas infrastructure continues to grow, albeit in fits and starts. NGI’s Mexico GPI has compiled a list of five pending projects to watch in 2022:
Mexico Natural Gas Market Year in Review: From Winter Storm to Pricing Surge
NGI’s Mexico GPI has narrowed down an eventful year to the five key stories that defined Mexico’s natural gas market in 2021. These stories are: