Mexico

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,”…

The Natural Gas Supply Association (NGSA) is forecasting a substantial year/year jump in pipeline natural gas exports from the United States to Mexico this winter, driven by new infrastructure and rising demand from multiple segments.  The group, which represents U.S. integrated and independent producers and marketers of natural gas, said in its 2023 Winter Outlook…

Bulls took the lead this week as North American natural gas futures saw the kind of upward pressure that has been rare in 2023. The November New York Mercantile Exchange gas futures contract jumped 20.4 cents day/day on Thursday and settled at $3.166/MMBtu. December gained 19.1 cents to $3.511. Supply concerns appeared to be behind…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 86 Bcf natural gas into storage for the week ended Sept. 29. The result fell short of market expectations for a build in the 90s Bcf, bolstering Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA reports 86 Bcf injection Mixed weather…