Mexico

COLUMN: With Mexico Market Rule Change, Natural Gas Users Could Lose Out

COLUMN: With Mexico Market Rule Change, Natural Gas Users Could Lose Out

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 decision by Mexico’s Energy Ministry (Sener) to require users to source imported gas from state companies upends a long process of…

July 1, 2022
North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight

North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight

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…

June 30, 2022
Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

The gap between natural gas production and demand in Mexico continued to widen in 2021, according to the 71st edition of BP plc’s Statistical Review of World Energy published Tuesday. Mexico’s gas output fell to 29.2 billion cubic meters (Bcm) in 2021 from 30.5 Bcm in 2020 and 34 Bcm in 2019, researchers said.  The…

June 29, 2022
Mexico’s Dos Bocas Refinery Starting Operations Amid Controversy and Fanfare

Mexico’s Dos Bocas Refinery Starting Operations Amid Controversy and Fanfare

Mexican President Andrés Manuel López Obrador’s campaign promise of a refinery for his home state of Tabasco is being delivered this week. The 340,000 b/d Olmeca refinery in Dos Bocas will be inaugurated on Friday, July 1, exactly four years after López Obrador won the presidency. “With president López Obrador inaugurating his flagship Olmeca refinery,…

June 28, 2022
Mexico Private Operators Surpass 100,000 b/d in Oil Production 

Mexico Private Operators Surpass 100,000 b/d in Oil Production 

Oil production by non-state operators in Mexico has surpassed 100,000 b/d for the first time since the 2013-2014 constitutional energy reform ended the upstream monopoly held by state oil company Petróleos Mexicanos (Pemex). Private operators produced 101,044 b/d in May, up from 65,238 b/d in the same month a year ago, data from upstream regulator…

June 27, 2022
Mexico Needs New Policy to Boost Natural Gas Production, Amexhi President Says

Mexico Needs New Policy to Boost Natural Gas Production, Amexhi President Says

“We firmly believe that Mexico can take much better advantage of its national natural gas basins to compensate for the imports and at the same time attend to the increased demand for natural gas,” Juan Manuel Delgado, President of Mexico’s Hydrocarbon Companies Association, AMEXHI, told NGI’s Mexico GPI.  “Mexico has to make a change to…

June 24, 2022
Mexico’s Pemex to Invest $2B to Reduce Methane Pollution Amid Growing Concern Over Emissions

Mexico’s Pemex to Invest $2B to Reduce Methane Pollution Amid Growing Concern Over Emissions

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

June 24, 2022
Natural Gas Buyers Get Pricing Relief with Sistrangas Contract Deadline Looming – Mexico Spotlight

Natural Gas Buyers Get Pricing Relief with Sistrangas Contract Deadline Looming – Mexico Spotlight

Prices of North American natural gas continued to soften this week with U.S. storage levels set to build healthily for the upcoming winter. After recently barreling toward $10/MMBtu, the 2 Bcf/d available to the North American market following the Freeport liquefied natural gas (LNG) terminal shutdown in Texas, is loosening supply and bringing down prices.…

June 23, 2022
Natural Gas Futures, Cash Prices Bounce Around as Temperatures Sizzle

Natural Gas Futures, Cash Prices Bounce Around as Temperatures Sizzle

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. At A Glance: BREAKING: U.S. EIA…

June 23, 2022
Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

June 22, 2022
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