Mexico

North American natural gas prices saw strong forward momentum this week as winter weather appeared around the corner. The November New York Mercantile Exchange contract jumped 20.4 cents day/day on Thursday and settled at $3.214/MMBtu. Mexico imports added to the upward pressure. Pipeline imports over the last 10 days through Thursday averaged 6.87 Bcf/d, according…

The United States government could request a panel process by February to settle the ongoing energy dispute with Mexico over practices that are considered to be in violation of the U.S.-Mexico-Canada-Agreement, or USMCA. This is according to Vanessa Sciarra, vice president of Trade and International Competitiveness at the American Clean Power Association (ACP), who spoke…

Kinder Morgan Inc. (KMI) is advancing numerous projects across its vast Lower 48 natural gas pipelines footprint as LNG and Mexico export demand continues to rise, management said Wednesday. The midstream giant kicked off the third quarter earnings season touting robust volumes and demand across its gas network during the period. “This quarter, KMI continued…

U.S. exports of piped natural gas to Mexico are expected to grow by 20% during the 2022-2026 period, according to the International Energy Agency (IEA). The projection is “partly driven by new LNG export terminals in Mexico relying on U.S. feed gas supplies, including the Energía Costa Azul liquefied natural gas project (4.4 Bcm/year) and…

Mexican energy trade group Consejo Mexicano de la Energia (Comener) has called on regulators to streamline permitting so as to not waste the near-term opportunities presented by nearshoring. Nearshoring is the buzzword of the moment in Mexico. It refers to North American companies shifting manufacturing processes closer to home. Boosted by the United-States-Mexico-Canada-Agreement, or USMCA,…

Mexico Energy Minister Rocío Nahle is resigning from her post to run for governor of Veracruz state, capping off a five-year stint as Mexico’s top energy policymaker. A petrochemical engineer and former employee of state oil company Petróleos Mexicanos (Pemex), Nahle was handpicked for the post by Mexico’s firebrand president Andrés Manuel López Obrador, better…

Northern Mexico needs additional natural gas infrastructure to meet rising energy demand, energy lawyer Alain Duthoy told NGI’s Mexico GPI.  “The recent announcements of more natural gas capacity and supply are positive, but there is still a lack of infrastructure in place to distribute it to the companies and industries that need it,” he said.…

North American natural gas futures continued their hot streak this week, even as they cooled slightly on Wednesday and Thursday. After a six day rally, November New York Mercantile Exchange natural gas futures saw a half-cent decline on Wednesday and shed another 3.3 cents on Thursday to settle at $3.344/MMBtu. NatGasWeather said warmer temperatures could…

As Mexico seeks to implement new strategies to reduce its carbon footprint, the role of natural gas will be of utmost importance, industry leaders said at the Wired Summit held recently in Mexico City. “One of the hydrocarbons that plays a fundamental role in guaranteeing that there will be reliable, secure energy is natural gas,”…