Mexico

North American natural gas futures kept sinking this week amid strong U.S. production and a weak demand outlook. January New York Mercantile Exchange natural gas futures closed up marginally Thursday at $2.585/MMBtu. On Wednesday, ExxonMobil released an updated corporate plan that showed a delay at Golden Pass LNG Train 1, with the project now expected…

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI editors Christopher Lenton and Andrew Baker discuss their takeaways from the recent U.S.-Mexico Natural Gas Forum in San Antonio, TX. Mexico’s demand for U.S. natural gas continues to climb, driven primarily by the power sector. LNG export terminals and the expected…

“The Southeast Gateway project represents a significant long-term investment for the people of southern Mexico by providing them with a new dedicated gas pipeline featuring state-of-the-art technology for natural gas transportation, while addressing the country’s growing energy demand,” Alexis Milo, one of Mexico’s top economists, told NGI’s Mexico GPI.  “The development of this project should…

Natural gas futures reversed early day gains Thursday to fall for a fifth consecutive session after the weekly storage report printed a build that landed at the high end of expectations. The January Nymex natural gas futures contract settled at $2.802/MMBtu, down two-tenths of a cent day/day. February fell six-tenths of a cent to $2.763.…

Warm weather and stout supplies kept North American natural gas futures prices in check and below $3.00/MMBtu for yet another week. The January natural gas futures contract stumbled on its first day as the front-month Wednesday, settling at $2.804/MMBtu, down 3.3 cents day/day. February fell 2.9 cents to $2.769. On Thursday, January slipped to $2.802/MMBtu…

Mexico Pacific Ltd. LLC has announced a new advance on its 2.8 Bcf/d Sierra Madre natural gas pipeline. Mexico Pacific has hired a joint venture (JV) of Mexican construction company GDI Sicim Pipelines SA and oil and gas services firm Bonatti SpA to execute the engineering, procurement and construction (EPC) contract for the project. Sierra…

Pipeline imports from the United States are accounting for a growing share of Mexico’s natural gas supply this year as volumes provided by Mexican production decline, new data show.  Mexico’s natural gas production averaged 4.34 Bcf/d year-to-date through October, up from a full-year average of 4.09 Bcf/d in 2022, according to the latest figures from…

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 drama of the Lakach offshore natural gas field serves to underline the difficulties Mexico faces as it tries to develop its…

Mexico’s natural gas market remains intact and competitive near the end of the Andrés Manuel López Obrador presidency, according to experts who spoke last week in San Antonio, TX. At the US-Mexico Natural Gas Forum, former Comisión Reguladora de Energía (CRE) chairman Guillmero Garcia Alcocer said “it’s a very alive, very intense” natural gas market…