Mexico

“With more of a push to decarbonize the U.S., combined with more demand from Mexico for natural gas in the short and mid-term, we are going to continue to see increased dependence on U.S. natural gas in Mexico,” Leonardo Beltrán, a seasoned expert in Mexico energy policy, told NGI’s Mexico Gas Price Index.  “The change…

Leaders of Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Tuesday blamed renewable energy and a brush fire for a massive Dec. 28 power outage that took 8,696 MW of electricity offline, causing about one-third of the country to lose power.  Spokesman Luis Bravo Navarro said that while it’s normal for small sections…

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…

Mexican state oil company Petróleos Mexicanos (Pemex) reported natural gas production of 3.68 Bcf/d in November 2020, down from 3.87 Bcf/d during the same month in 2019.  The figure includes production with joint-venture (JV) partners. Production from fields operated solely by Pemex fell to 3.6 Bcf/d from 3.78 Bcf/d, the national oil company said. Natural…

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

The June midterm elections in Mexico, set to be the country’s largest single-day election in its history, could either stall or advance President Andrés Manuel López Obrador’s state-centric energy sector platform. The election would see the entire lower house being voted in, as well as numerous gubernatorial, state legislature and mayoral races. Wins for his…

As 2020 draws to a close, the door remains closed for new exploration and production (E&P) contracts in Mexico’s oil and gas sector, with little visibility as to when they might resume. With bid rounds, farmout tenders and service contract migrations frozen until further notice by President Andrés Manuel López Obrador, upstream activity will in…

New regulation over the permitting process involved in the importing and exporting of fuels in Mexico published in the country’s Official Gazette on Dec. 26 could prove harmful to competition in the Mexican energy sector. Mexico’s Comisión Federal de Competencia Económica (Cofece), the federal economic competition commission, published a statement last week warning the rules…

According to company plans and Mexican government announcements, the vast majority of 2021 natural gas projects will be spearheaded by the state, or at least the state will play some role in their development. Meanwhile, most of the major natural gas pipelines launched thanks to Mexico’s 2013-2014 energy reform are complete, but a few delayed…