Mexico’s next government must invest in natural gas storage and pipeline infrastructure in order to keep up with rising demand and meet energy transition goals, according to a new report by the Instituto Mexicano Para la Competitividad (IMCO) think tank. Mexico is the world’s eighth largest natural gas market, with demand in excess of 8…
Mexico
Articles from Mexico
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — 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. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…
Eyes on West Texas Natural Gas as Negative Prices Persist – Mexico Spotlight
North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165. TC…
Natural Gas Would Still Form Base of Mexico Power System Under Sheinbaum Presidency
Mexico’s presidential frontrunner Claudia Sheinbaum of the ruling Morena party would continue the nation’s buildout of natural gas-fired power if she were to win the June 2 election. Speaking to business leaders in Mexico City on Monday evening, Sheinbaum highlighted that 3.250 GW of new generation, 91% of which was natural-gas fired combined cycle, were…
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…
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…
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…
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…
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…
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.…