Mexico

West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier

West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier

Natural gas pipeline exports from the United States to Mexico via West Texas rose 20% year/year to average 1.6 Bcf/d in 2023, according to the latest data from the U.S. Energy Information Administration (EIA). Gas flows from West Texas to Mexico “have grown steadily since 2017 as more connecting pipelines in Central and Southwest Mexico…

April 15, 2024
Mexico’s Amigo LNG Project Benefiting From U.S. Permit Pause, CEO Says

Mexico’s Amigo LNG Project Benefiting From U.S. Permit Pause, CEO Says

The Amigo liquefaction project planned in western Mexico has been positively impacted by the Biden administration’s pause on new U.S. LNG export permits, according to LNG Alliance CEO Mutthu Chezhian. LNG Alliance is developing the Amigo LNG project at the port of Guaymas in Sonora on Mexico’s Pacific coast. The Amigo project would include a…

April 12, 2024
Natural Gas Vital to Mexico’s Energy Security Goals, Says Former CRE Chairman

Natural Gas Vital to Mexico’s Energy Security Goals, Says Former CRE Chairman

Since taking office in 2018, Mexico’s President Andrés Manuel López Obrador has reiterated that his government would prioritize energy security and reduce the country’s dependency on foreign fuel imports, such as natural gas and gasoline.  While López Obrador’s government has built a $19 billion refinery in the southern state of Tabasco in hopes to reduce…

April 10, 2024
Pemex Safety Woes Continue as Offshore Platform Fire Kills One, Injures Nine

Pemex Safety Woes Continue as Offshore Platform Fire Kills One, Injures Nine

Mexico’s state oil company Petróleos Mexicanos (Pemex) said a fire Saturday at the Akal-B offshore platform in Campeche Bay left one worker dead and nine injured, including two in critical condition. The deceased worker was an employee of a contractor company called COTER. The incident occurred in an area where pipelines supply natural gas as…

April 9, 2024
Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — Column 

Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — Column 

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. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…

April 5, 2024
Mexico Natural Gas Market Turns Attention to Elections, Summer Demand – Spotlight

Mexico Natural Gas Market Turns Attention to Elections, Summer Demand – Spotlight

North American natural gas futures got a small boost this week on news of weaker production from U.S. operators, but by mid-week the momentum had fizzled. The May New York Mercantile Exchange gas futures contract posted a second day of losses and lost 6.7 cents on Thursday to settle at $1.774/MMBtu. Mexican imports of U.S.…

April 4, 2024
Mexico Nearshoring Dreams Face Multiple Headwinds, Report Finds

Mexico Nearshoring Dreams Face Multiple Headwinds, Report Finds

The nearshoring trend holds big potential for energy demand in Mexico, though numerous factors could hinder the country’s ambitions as a haven for big business relocation, according to new research published by Rice University’s Baker Institute for Public Policy.  Nearshoring refers to companies moving their production and supply chains from China to North America –…

April 3, 2024
Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

April 2, 2024
Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists

Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

April 1, 2024
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight

Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

March 28, 2024
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