Mexico

TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…

May 3, 2024
Mexico Imports of U.S. Natural Gas Surge as Domestic Production Sputters – Spotlight

Mexico Imports of U.S. Natural Gas Surge as Domestic Production Sputters – Spotlight

North American natural gas futures worked their way above $2.00/MMBtu this week amid tighter U.S. production and storage levels. Mexico imports, meanwhile, of U.S. natural gas have started to hit their stride in the lead-up to summer. Over the last 10 days, Mexico imported 7.38 Bcf/d of natural gas via pipeline from the United States,…

May 2, 2024
Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder.  Pemex…

May 1, 2024
Pemex’s Natural Gas Production Slumps as Mature Fields Decline

Pemex’s Natural Gas Production Slumps as Mature Fields Decline

Mexico’s state oil and gas giant Petróleos Mexicanos, or Pemex, reported a 7.5% year/year drop in natural gas production in the first quarter as the country’s aging offshore oil fields showed weaker output. Natural gas production, including from partners, was 3.836 Bcf/d in the first quarter, down 312 MMcf/d compared to the comparable period in…

April 30, 2024
Mexico Lagging Behind Peer Markets in Natural Gas Storage, Report Warns

Mexico Lagging Behind Peer Markets in Natural Gas Storage, Report Warns

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…

April 22, 2024
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

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…

April 19, 2024
Eyes on West Texas Natural Gas as Negative Prices Persist – Mexico Spotlight

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…

April 17, 2024
Natural Gas Would Still Form Base of Mexico Power System Under Sheinbaum Presidency

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…

April 16, 2024
West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier

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…

April 15, 2024
Mexico’s Amigo LNG Project Benefiting From U.S. Permit Pause, CEO Says

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…

April 12, 2024