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The CEO of Mexico’s state power company Comisión Federal de Electricidad (CFE), Manuel Bartlett Díaz, is calling on the firm to “resolve the problem” of unused natural gas transport capacity on its U.S. and Mexico pipelines, according to a recent update. Through subsidiaries CFE International LLC (CFEi) and CFEnergía, CFE sources gas from the United…

Mexico’s Comisión Federal de Electricidad (CFE) is preparing to hold auctions in the United States and Mexico to sell natural gas capacity to third parties. The state-owned company seeks to develop a secondary market to improve its overall profit margins, Miguel Reyes, CEO of CFE International, said during the 8th Mexico Infrastructure Projects Forum in…

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 CFE International LLC (CFEi) reported a 14% year/year increase in natural gas sales transactions during 2021, even as many large marketers posted declines, according to NGI’s Top North American Natural Gas Marketers ranking. CFEi, a fuel procurement and marketing arm of state-owned power utility Comisión Federal de Electricidad (CFE), transacted 3.53 Bcf/d of gas…

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. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. War in Europe…

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment* reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

Dragged lower after a bearish government inventory report, natural gas futures plunged on Thursday after rallying more than 7.0 cents into the expiration of the June contract a day earlier. The July Nymex contract, in its debut as the front month, dropped 6.9 cents day/day and settled at $2.958/MMBtu. It had closed above $3.00 on…

Signs of spring point to lighter demand Traders continue to weigh anemic storage pulls Production recovers faster than demand from Texas storm The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in…