mexico market

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. Natural gas volumes inside a pipeline system flow from a high pressure section to a low pressure section. Processing centers and production…

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. For a while now, CFE Internacional (CFEi), a company incorporated in 2016 in Delaware, has been among the 15 largest marketers of…

The October Nymex natural gas futures contract spiked 83.0 cents day/day on Wednesday to surge above $9.00/MMBtu. It then plummeted back to earth on Thursday as rumors of a potential railway workers strike faded in the United States. The news “that a strike has likely been averted triggered the start of selling early this morning,…

North American natural gas futures dropped below $8.00/MMBtu this week as U.S. natural gas production neared an all-time high of around 100 Bcf/d. A U.S. Environmental Protection Agency (EPA) decision maintaining emissions limits at turbines at Cheniere Energy Inc.’s LNG facilities further empowered bears. Cheniere’s Sabine Pass and Corpus Christi liquefied natural gas facilities currently…

North American natural gas futures were up and down this week as the prompt month changed hands, but remained above the $9/MMBtu mark. On Wednesday, the October Nymex gas futures contract rose 8.5 cents day/day to settle at $9.127. November futures climbed 8.6 cents to $9.189. “The market has certainly been very resilient, with any…

Mexico urgently needs to develop the fortitude of its natural gas industry, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. According to their research, Mexico natural gas demand grew 63% in the last decade and a half, hitting 8.27 Bcf/d last year. Starting in 2020, natural…

Natural gas futures teetered between modest gains and losses early and then dropped Thursday, despite a weak storage injection and lower production that left markets to mull the possibility of light supplies for the coming winter. In its first session as the prompt month, the September Nymex gas futures contract settled at $8.134/MMBtu, down 42.0…

North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…

Mexico’s CFE International LLC (CFEi) reported a 7% year/year increase in natural gas sales transactions during the first quarter, 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 3.54 Bcf/d of gas in the first quarter, up…