Mexico

Mexico Energy Regulator Losing Independence, Not Fulfilling Duties Under AMLO Government, Former Commissioners Say

Mexico Energy Regulator Losing Independence, Not Fulfilling Duties Under AMLO Government, Former Commissioners Say

Mexico’s Comisión Reguladora de Energía (CRE) is losing its independence and failing to carry out its constitutional mandate under the current government, according to a former chairman and two former commissioners of the energy regulator. Created in 1994 under the liberalizing economic reforms of former president Carlos Salinas de Gortari, the CRE performs similar functions…

July 22, 2020
Cooling Demand Stays Strong Enough to Boost August Natural Gas Futures

Cooling Demand Stays Strong Enough to Boost August Natural Gas Futures

Expectations for strong near-term cooling needs buoyed gas prices New indications that U.S. exports could recover later in 2020 proved another positive Fallout from the coronavirus remains a major wildcard August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later…

July 22, 2020
Mexico’s Cenagas Opens Call for Natural Gas Supply Bids to Maintain System Balance

Mexico’s Cenagas Opens Call for Natural Gas Supply Bids to Maintain System Balance

Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) has opened a second bidding for natural gas supply to ensure the Sistrangas pipeline system maintains system balance. Cenagas wants to guarantee “the balance and operation of the system to ensure the continuity of natural gas supply in the country,” it said. The…

July 21, 2020
Column:  All the Right Things Were Said, and Much was Omitted, on AMLO’s Trip to Washington

Column: All the Right Things Were Said, and Much was Omitted, on AMLO’s Trip to Washington

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…

July 17, 2020
LNG Weakness Offsets Bullish Storage Report, Pushes Down August Natural Gas Futures

LNG Weakness Offsets Bullish Storage Report, Pushes Down August Natural Gas Futures

A coronavirus resurgence and the potential for it to keep liquefied natural gas exports at depressed levels weighed on markets The U.S. Energy Information Administration reported an injection of 45 Bcf, below the average estimates of major polls Spot prices advanced amid continued strong summer heat A favorable storage report was overshadowed on Thursday by…

July 17, 2020
AMLO Claims Landmark Energy Reform Created from Corruption as Former Pemex Head Returns to Face Charges

AMLO Claims Landmark Energy Reform Created from Corruption as Former Pemex Head Returns to Face Charges

Mexico officials are expected to return Emilio Lozoya, the former director general of Petróleos Mexicanos (Pemex), back home by Friday to face corruption charges after extraditing him from Spain, but there could be even bigger news in the days and weeks to come. Lozoya, the poster boy of Mexico’s energy reform, is aiming to launch…

July 16, 2020
Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

BREAKING: U.S. EIA reports an injection of 45 Bcf into storage for the week ending July 10 Liquefied natural gas remains an area of weakness as the coronavirus pandemic extends deep into the summer But natural gas pipeline exports to Mexico are a relative bright spot, hitting daily record levels Natural gas futures advanced Wednesday…

July 16, 2020
Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

A strengthened outlook for natural gas pricing in 2021 has made the development of natural gas fields in Mexico a more attractive proposition, according to Juan Carlos Zepeda, former head of upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH). In a podcast interview with NGI, Zepeda highlighted the central and growing role of…

July 13, 2020
Q&A with María Serna on Mexico’s Natural Gas Market Development

Q&A with María Serna on Mexico’s Natural Gas Market Development

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market. This 34th Q&A in the series is with María Serna, Partner of Legal Services at energy consultancy Talanza…

July 10, 2020
Scorching Outlook Revives Natural Gas Forward Prices Amid Weak Exports

Scorching Outlook Revives Natural Gas Forward Prices Amid Weak Exports

Intensifying heat across the United States led a sharp rally for natural gas forward prices at a time when exports remain slow and uncertainty continues over energy demand recovery amid the coronavirus pandemic. Prices for August natural gas jumped 15.0 cents on average during the July 2-8 period, as did the balance of summer (August-October),…

July 10, 2020