Mexico

‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight

‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight

North America natural gas futures continued to be unpredictable this week as cold weather descended across the Lower 48, while demand for U.S. gas in Europe and Mexico continued to rise. The February Nymex gas futures contract lost 25.2 cents day/day on Wednesday and closed at $4.031/MMBtu. March fell 20.3 cents to $3.845. Upcoming bursts…

January 20, 2022
Mexico’s CFE Set to Launch Natural Gas Pipeline Tenders

Mexico’s CFE Set to Launch Natural Gas Pipeline Tenders

Mexican state power utility Comisión Federal de Electricidad (CFE) is seeking private sector firms to build new natural gas infrastructure and utilize capacity on its existing pipelines, executives said Wednesday. Speaking at Industry Exchange LLC’s 7th Mexico Infrastructure Projects Forum in Monterrey, Nuevo León, CFE Internacional (CFEi) operations director Carmen Serdán and CFEnergía operations director…

January 19, 2022
Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports

Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports

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 year 2022 is littered with risk for economic activity in Mexico. The persistence of an inflationary environment, the expectation of meager…

January 14, 2022
Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

With freezing weather on the horizon throughout much of the United States, including Texas, February natural gas prices at hubs key to Mexico shot up this week. The Henry Hub February contract closed at $4.857/MMBtu on Wednesday, up 60.8 cents on the day and more than  $1 from one week ago. Agua Dulce was up…

January 13, 2022
Constitutional Reform Unlikely in 2022, but Mexico Energy Sector Risk Still High, Analysts Say

Constitutional Reform Unlikely in 2022, but Mexico Energy Sector Risk Still High, Analysts Say

For this upcoming year, Mexico President Andrés Manuel López Obrador’s proposed constitutional energy reform – whether it gets enough votes to pass or not – will set the tone of his political agenda, according to analysts and experts in the field.

January 10, 2022
Mexican Energy Companies On Edge in New Year, Top Industry Lawyer Says

Mexican Energy Companies On Edge in New Year, Top Industry Lawyer Says

“Widespread uncertainty is impacting energy companies in Mexico on a daily basis,” David Enríquez, senior partner at the Mexico City-based law firm Goodrich, Riquelme y Asociados, told NGI’s Mexico GPI. “Some companies don’t even know if they will continue to exist in the next few months or if they’re going to have a permit to…

January 7, 2022
Mexico Natural Gas Market Rides Out First U.S. Cold Snap Without Issues – Mexico Spotlight

Mexico Natural Gas Market Rides Out First U.S. Cold Snap Without Issues – Mexico Spotlight

Texas, and most of the United States, experienced its first big freeze of the year last weekend, but even as natural gas production dropped, the Mexico market didn’t feel any major impacts. “So far, everything has been very tranquil in the market,” a gas buyer in Mexico City told NGI’s Mexico GPI. He said that…

January 6, 2022
OPEC-Plus Agrees to Ramp Up Oil Output Despite Omicron

OPEC-Plus Agrees to Ramp Up Oil Output Despite Omicron

A coalition of major oil producing countries agreed on Tuesday to further boost output to meet expectations for strong demand, despite concerns about the rapidly spreading Omicron variant of the coronavirus. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said…

January 5, 2022
Eni FPSO Arrival Shifts Flagship Mexico Offshore Project Into Ramp Up Mode

Eni FPSO Arrival Shifts Flagship Mexico Offshore Project Into Ramp Up Mode

Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, said a floating production, storage and offloading (FPSO) vessel had arrived offshore Tabasco allowing for production to ramp up in the Area 1 development. In mid-2019, Eni became the first private sector operator to record offshore oil production in Mexico at its Area 1…

January 4, 2022
Column: Pemex’s 10 Energy Sector Priorities Fail to Address Natural Gas Issues

Column: Pemex’s 10 Energy Sector Priorities Fail to Address Natural Gas Issues

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. A few days…

December 30, 2021
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