Mexico

Natural Gas Futures Drop on Weaker Weather Demand and Soft Spot Prices

Natural Gas Futures Drop on Weaker Weather Demand and Soft Spot Prices

Bearish weather patterns and increased production weighed on futures Comfortable temperatures spread across much of the nation’s southern half Liquefied natural gas volumes held strong Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to…

November 17, 2020
Politics Obstructing Cohesive Natural Gas Strategy in Mexico, Experts Say

Politics Obstructing Cohesive Natural Gas Strategy in Mexico, Experts Say

Politics are preventing Mexico from taking full advantage of natural gas as a means to develop its economy, according to local experts. Pipeline imports of the molecule from the United States have risen steadily as new pipelines commissioned by state power company Comisión Federal de Electricidad (CFE) have entered service and Mexican gas production has…

November 16, 2020
Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

EIA reported an injection of 8 Bcf natural gas into storage Further improvement in weather-driven demand fueled gains Continued strong LNG levels also provided price support Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday.  The December Nymex contract…

November 16, 2020
Column: Five-Year Plan Offers Worthy Natural Gas Projects, Some Important Omissions

Column: Five-Year Plan Offers Worthy Natural Gas Projects, Some Important Omissions

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…

November 13, 2020
López Obrador Energy Policies Seen as Main Risk to New Era of Mexico-U.S. Bilateral Ties

López Obrador Energy Policies Seen as Main Risk to New Era of Mexico-U.S. Bilateral Ties

Energy is set to be a sticky issue in the new Mexico-United States relationship under U.S. President-elect Joseph R. Biden Jr. Moves by Mexican President Andrés Manuel López Obrador that favor public sector companies Comision Federal de Electricidad (CFE) and Petróleos Mexicanos (Pemex) over private sector entities have caused considerable concern to U.S. investors in…

November 12, 2020
Mexico’s 5-Year Sistrangas Expansion Plan Focused on Connectivity, South-Southeast Natural Gas Access

Mexico’s 5-Year Sistrangas Expansion Plan Focused on Connectivity, South-Southeast Natural Gas Access

Expansion of Mexico’s Sistrangas natural gas pipeline grid over the next five years will be geared toward improving connectivity between different pipeline systems and expanding access to gas in the country’s underdeveloped south and southeast regions. Energy ministry Sener on Nov. 5 published the official 2020-2024 Sistrangas expansion plan, which it developed with system operator…

November 11, 2020
Mexico to Remain Vital Outlet for U.S. Natural Gas, Veteran Trader Says

Mexico to Remain Vital Outlet for U.S. Natural Gas, Veteran Trader Says

The continued development of Mexico’s natural gas market will be vital for U.S. suppliers over the coming years, according to NAmerico Energy Holdings LLC (NEH) President Jeff Welch. Welch spoke on a virtual panel Tuesday at the LDC Natural Gas Forum 2020. He noted that Mexico’s gas market is still in the nascent stages of…

November 10, 2020
As Weather Worries Persist, December Natural Gas Futures Slide For Sixth Straight Day

As Weather Worries Persist, December Natural Gas Futures Slide For Sixth Straight Day

Expectations for near-record warmth overshadowed other news Researchers announced a key milestone in the search for a coronavirus vaccine Spot prices rebounded after a week-long slump Expectations for near-record warmth in November overshadowed the dose of certainty injected with a presidential election result over the weekend and news of a key milestone in the search…

November 10, 2020
Biden to Inherit Deepening Energy Sector Ties, Tension with Mexico

Biden to Inherit Deepening Energy Sector Ties, Tension with Mexico

U.S. President-elect Joseph R. Biden Jr. will take over the White House at a time of deepening energy integration between the United States and Mexico, the No. 1 destination for U.S. petroleum products and a growing market for U.S. natural gas exports. Tension has been growing between the two countries, however, over the state-centric energy…

November 9, 2020
December Natural Gas Futures Extend Slump to Five Days

December Natural Gas Futures Extend Slump to Five Days

Anemic weather-driven demand and weak spot prices weighed down futures Forecasts grew increasingly bearish throughout the week Weather worries overshadowed robust liquefied natural gas demand Persistently anemic weather-driven demand and weak spot prices once again weighed down natural gas futures on Friday, marking a fifth-consecutive day of losses and culminating a brutal week that saw…

November 9, 2020