Mexico

Mexico Electric Power Counter Reform Vote Seen Dragging into 2022

Mexico Electric Power Counter Reform Vote Seen Dragging into 2022

Mexico President Andrés Manuel López Obrador has high hopes of changing the rules of the game in the electric power sector, but his proposal likely won’t be voted on in Congress until early next year as the reform is studied by legislators. The reform, if passed, would modify the constitution to eliminate upstream oil and…

October 19, 2021
World Natural Gas Market Under ‘Tremendous Pressure’ as Winter Nears

World Natural Gas Market Under ‘Tremendous Pressure’ as Winter Nears

Moving the energy economy to net zero emissions is timely and costly, and the world now faces another dilemma: a natural gas market under “tremendous pressure” ahead of winter, the International Energy Agency (IEA) said Wednesday. In launching its annual World Energy Outlook (WEO-2021), the global energy watchdog acknowledged that winter 2021/2022 is opening with…

October 18, 2021
Column: Mexico’s Counter Reform Threatening to Dismantle Competitive Energy Market

Column: Mexico’s Counter Reform Threatening to Dismantle Competitive Energy 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. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. In the midterm…

October 15, 2021
LNG Growth Said Creating Competitive Global Natural Gas Markets

LNG Growth Said Creating Competitive Global Natural Gas Markets

Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus.  A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on…

October 12, 2021
Mexico Energy Industry ‘Standing on Edge of Cliff,’ Veteran Expert Says

Mexico Energy Industry ‘Standing on Edge of Cliff,’ Veteran Expert Says

“I feel like Mexico is really standing at the edge of a cliff and deep down at the dark bottom of that cliff is Venezuela,” said Marcelo Mereles Gras, veteran Mexico energy expert and partner at HCX Hydrocarbon Exchange, in reference to the legislation proposed by President Andrés López Obrador on Oct. 1 to undo…

October 8, 2021
European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

Volatility continued to rock the Mexican natural gas market this week as North American prices came under the influence of wildly unpredictable Asian and European fundamentals. “Rallying, volatile U.S. benchmarks are creating anxiety in Mexico’s industrial sector, where gas demand is more correlated than ever,” Wood Mackenzie’s Ricardo Falcón told NGI’s Mexico GPI. U.S. benchmarks…

October 7, 2021
OPEC-Plus in Driver’s Seat As Global Energy Crisis Intensifies

OPEC-Plus in Driver’s Seat As Global Energy Crisis Intensifies

Energy shortages and price spikes suggest the world needs more oil to meet global needs in the near term. Just how much more – and how quickly – remains a moving target. With Lower 48 producers hesitant to boost output in the pandemic’s wake, the Organization of the Petroleum Exporting Countries (OPEC) and its allies,…

October 6, 2021
Uproar in Mexico’s Energy Sector as Long-Threatened Constitutional Reform Goes to Vote

Uproar in Mexico’s Energy Sector as Long-Threatened Constitutional Reform Goes to Vote

Ever since coming to power at the end of 2018, Mexico President Andrés Manuel López Obrador has promised to kill the energy reform of his predecessor Enrique Peña Nieto. With his recent proposal to drastically overhaul the energy sector through a constitutional amendment, is this on the cusp of happening? Analysts at political risk group…

October 5, 2021
Natural Gas Price Volatility Testing Trader’s Nerves — Mexico Market Spotlight

Natural Gas Price Volatility Testing Trader’s Nerves — Mexico Market Spotlight

U.S. natural gas futures facing Mexican buyers and sellers were a roller coaster this week as prices jumped early in the week as October rolled off the board followed by a dive on Wednesday when November took over as the front month. “Markets are very, very nervy,” a Mexico City-based trader told NGI’s Mexico GPI.…

September 30, 2021
U.S. Propane Prices Hit Seven-Year High, Squeezing Mexico LPG Market

U.S. Propane Prices Hit Seven-Year High, Squeezing Mexico LPG Market

Wholesale propane prices at the main U.S. natural gas liquids (NGL) hub have reached their highest level in more than seven years amid tight global supply and strong demand, according to the latest government figures. The Energy Information Administration (EIA) said wholesale propane prices at Mont Belvieu, TX, increased to an average of $1.33/gal during…

September 29, 2021
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