North American natural gas prices are again testing $2.00/MMBtu as the market remains oversupplied amid light demand from a warmer than usual winter. The April New York Mercantile Exchange gas futures contract lost 1.7 cents day/day on Thursday and settled at $2.154. May fell 2.4 cents to $2.283. A day earlier, both shed more than…
Mexico
Articles from Mexico

Texas Natural Gas Big Part of Mexico Nearshoring Appeal — 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 big investment news in Mexico is Elon Musk’s intention to build a ~$5 billion Tesla plant in the thriving northern city…

U.S. Natural Gas Pipeline Exports to Mexico Slipped in 2022 as LNG Exports Jumped
U.S. natural gas exporters are increasingly eyeing the global market, according to new data published by the Federal Energy Regulatory Commission, or FERC. U.S. LNG exports rose by 8.6% year/year to average 10.6 Bcf/d in 2022, with demand growth driven by European markets seeking a substitute for Russian supply, FERC said in its 2022 State…

TC Energy Sees Mexico Gas Supply for LNG Projects ‘Eminently Achievable’
Canada’s TC Energy Corp. thinks any capacity constraints in Mexico would be solved if the financing for LNG export projects were in place, CEO Francois Poirier told NGI on the sidelines of the CERAWeek by S&P Global Conference in Houston earlier this month. In Mexico, TC is solidifying partnerships with Mexico’s state power utility Comisión…

Italy’s Eni Adds to Mexico Oil, Gas Production Potential With New Discovery
Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, has found more oil and natural gas offshore Mexico. Its most recent find was in the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin in the Gulf of Mexico. Eni thinks there are…

Mexico Nearshoring Boom Could Be Upended by Regulatory Environment — 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 big investment news in Mexico is Elon Musk’s intention to build a ~$5 billion Tesla plant in the thriving northern city…

North American Natural Gas Pipeline Permitting Finding ‘Balance’ as Energy Security Concerns Grow, TC CEO Says
As TC Energy Corp. plans to continue investing billions to expand North American natural gas pipeline capacity through the decade, CEO Francois Poirier said political momentum for permitting reform and an appreciation for infrastructure could pave the way for expansions and greenfield projects to boost LNG exports. On the sidelines of the CERAWeek by S&P…

North American Natural Gas Prices Hover Around $2.50 Amid Financial System Wobbles – Mexico Spotlight
North American natural gas futures ended a two-day losing streak on Thursday. The April New York Mercantile Exchange natural gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents on the day to $2.626. NatGasWeather analysts said, “It’s been difficult to pinpoint the primary drivers of prices this week with…

API, Allies Urge Biden Government to ‘Hold Mexico Accountable’ for Nationalist Energy Policies
A trio of U.S. trade organizations led by the American Petroleum Institute (API) is again calling on the Biden administration to engage forcefully with Mexico over the latter’s energy policies, which the groups say give preferential treatment to Mexico’s state-owned producers of hydrocarbons and electricity. In a letter to U.S. Trade Representative Katherine Tai, API…

Engie Developing Biogas Project to Connect to Mexico Natural Gas Grid
“We are working on the first biogas project connected to the natural gas network in Mexico, with the objective to inject green gasses into the distribution network,” Eva Ribera, Vice President of Business Development & Implementation at Engie México, told NGI’s Mexico GPI. “We think that biogas is currently an opportunity in Mexico and we…