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…
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COLUMN: Don’t Expect Mexico Oil, Natural Gas Supply to Bail Out Global Energy Markets
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…
March 11, 2022
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…
February 28, 2022
U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA
U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…
November 12, 2021
Mexico ‘Avoids Environmental Damage’ in GOM Fire while Talos to Explore Zama Decision
Mexico’s state oil company Petróleos Mexicanos (Pemex) said an investigation is underway following a fire last Friday (July 2) near one of its Gulf of Mexico (GOM) platforms in the Ku, Maloob and Zaap (KMZ) megafield. Images of the eye-shaped fire went viral on social media as ships dowsing water on the flames appeared to…
July 6, 2021
Mexico Hydrocarbons Law Could Cause Impasses in Natural Gas Sector, WoodMac Expert Says
“Most if not all modifications” to Mexico’s Hydrocarbons Law set to come into force would “impact Mexico’s natural gas sector, from exploration and production to midstream to downstream operations,” Ricardo Falcón, Senior Gas Analyst for Mexico at Wood Mackenzie, told NGI’s Mexico Gas Price Index. “I can foresee some impasses here,” he said in an…
April 30, 2021
Monterrey Said Best Suited for First Mexico Natural Gas Pricing Index
Respondents to NGI’s fourth Mexico gas price survey said the industrial hub of Monterrey in the northeastern part of the country would be the best place for a domestic pricing index to form. The industrial area has various gas options and sees the Sistrangas national pipeline system converge with Kinder Morgan Inc.’s Mier-Monterrey system and…
March 16, 2021
Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast
Natural gas futures pause on fluctuating weather outlooks, lower LNG demand Adequate supplies seen for remainder of winter despite upcoming cold blasts Northeast cash rallies again on approaching winter storm Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast Natural gas futures shifted into neutral Tuesday amid some inconsistencies in the weather data…
December 16, 2020
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