Mexico

Higher North American Natural Gas Prices Forecast in 2021 as Demand Outpaces Production

Higher North American Natural Gas Prices Forecast in 2021 as Demand Outpaces Production

Increased industrial energy use, coupled with strong ongoing demand for liquefied natural gas (LNG) exports, could more than offset a gradual rise in production and drive U.S. natural gas prices this year well above the level at which they finished a pandemic-plagued 2020, according to industry experts. A similarly bullish outlook can be expected for…

January 11, 2021
New U.S. Administration Likely Means More Natural Gas for Mexico, Expert Says

New U.S. Administration Likely Means More Natural Gas for Mexico, Expert Says

“With more of a push to decarbonize the U.S., combined with more demand from Mexico for natural gas in the short and mid-term, we are going to continue to see increased dependence on U.S. natural gas in Mexico,” Leonardo Beltrán, a seasoned expert in Mexico energy policy, told NGI’s Mexico Gas Price Index.  “The change…

January 8, 2021
Mexico’s CFE Blames ‘Intermittent’ Renewable Generators for Massive Blackout

Mexico’s CFE Blames ‘Intermittent’ Renewable Generators for Massive Blackout

Leaders of Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Tuesday blamed renewable energy and a brush fire for a massive Dec. 28 power outage that took 8,696 MW of electricity offline, causing about one-third of the country to lose power.  Spokesman Luis Bravo Navarro said that while it’s normal for small sections…

January 6, 2021
Mexico Natural Gas Pricing Pointing Northward in 2021

Mexico Natural Gas Pricing Pointing Northward in 2021

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…

January 5, 2021
Mexico’s Pemex Reports Natural Gas, Oil Production Decline in November

Mexico’s Pemex Reports Natural Gas, Oil Production Decline in November

Mexican state oil company Petróleos Mexicanos (Pemex) reported natural gas production of 3.68 Bcf/d in November 2020, down from 3.87 Bcf/d during the same month in 2019.  The figure includes production with joint-venture (JV) partners. Production from fields operated solely by Pemex fell to 3.6 Bcf/d from 3.78 Bcf/d, the national oil company said. Natural…

January 4, 2021
Column: Massive Mexico Blackout Sign of Faltering Energy Security

Column: Massive Mexico Blackout Sign of Faltering Energy Security

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

December 31, 2020
In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

The June midterm elections in Mexico, set to be the country’s largest single-day election in its history, could either stall or advance President Andrés Manuel López Obrador’s state-centric energy sector platform. The election would see the entire lower house being voted in, as well as numerous gubernatorial, state legislature and mayoral races. Wins for his…

December 30, 2020
As 2020 Ends, Door Remains Closed to New Oil and Gas E&P Contracts in Mexico

As 2020 Ends, Door Remains Closed to New Oil and Gas E&P Contracts in Mexico

As 2020 draws to a close, the door remains closed for new exploration and production (E&P) contracts in Mexico’s oil and gas sector, with little visibility as to when they might resume. With bid rounds, farmout tenders and service contract migrations frozen until further notice by President Andrés Manuel López Obrador, upstream activity will in…

December 29, 2020
New Fuel Permit Rules in Mexico Said Damaging to Energy Sector Competition

New Fuel Permit Rules in Mexico Said Damaging to Energy Sector Competition

New regulation over the permitting process involved in the importing and exporting of fuels in Mexico published in the country’s Official Gazette on Dec. 26 could prove harmful to competition in the Mexican energy sector. Mexico’s Comisión Federal de Competencia Económica (Cofece), the federal economic competition commission, published a statement last week warning the rules…

December 28, 2020
State Looks to Become Predominant Actor in Mexico’s Natural Gas Infrastructure

State Looks to Become Predominant Actor in Mexico’s Natural Gas Infrastructure

According to company plans and Mexican government announcements, the vast majority of 2021 natural gas projects will be spearheaded by the state, or at least the state will play some role in their development. Meanwhile, most of the major natural gas pipelines launched thanks to Mexico’s 2013-2014 energy reform are complete, but a few delayed…

December 24, 2020
‹ Previous 1 2 3 144