Mexico

Mexico Upstream Investment Steady Despite Difficult 2020, Amexhi Head Says

Mexico Upstream Investment Steady Despite Difficult 2020, Amexhi Head Says

“One thing that I am proud of is that despite the Covid situation, both upstream investment and production has increased or been sustained in Mexico,” said Merlin Cochran, General Director of the Association of Mexican Hydrocarbons Companies (Amexhi), a non-profit civil association that brings together the main oil and gas investors and operators in Mexico. …

November 6, 2020
Sempra Building ‘Strong’ LNG Franchise in North America, Says CEO

Sempra Building ‘Strong’ LNG Franchise in North America, Says CEO

Sempra Energy’s planned portfolio of liquefied natural gas (LNG) export facilities is among the most competitive in North America, according to CEO Jeffrey Martin, who on Thursday outlined progress on the three big projects in Louisiana, Texas and Mexico. “We think we have built a strong franchise in our LNG business, and to fund its…

November 6, 2020
New Fortress Delays Start-Up of Mexico, Nicaragua LNG Projects to 2021

New Fortress Delays Start-Up of Mexico, Nicaragua LNG Projects to 2021

New Fortress Energy Inc. (NFE) has pushed back in-service dates for liquefied natural gas (LNG) projects in Mexico and Nicaragua to early next year.  The company had expected to finish an onshore LNG import terminal and merchant power plant in Baja California Sur, Mexico, and a natural gas-fired power plant in Nicaragua by the end…

November 5, 2020
Mexico’s CFE Defends Natural Gas Pipeline Renegotiations

Mexico’s CFE Defends Natural Gas Pipeline Renegotiations

Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Monday affirmed its stance that renegotiating five natural gas pipeline contracts would result in significant long-term savings for the firm. Spokesman Luis Bravo Navarro issued a statement responding to a widely publicized report by congressional auditor Auditoría Superior de la Federación (ASF). The ASF report…

November 4, 2020
Private Sector Oil, Gas Producers Still See ‘Promise’ in Mexico Hydrocarbons

Private Sector Oil, Gas Producers Still See ‘Promise’ in Mexico Hydrocarbons

Despite the anti-competitive atmosphere that has pervaded the government of Mexico President Andrés Manuel López Obrador, private sector upstream operators that jumped at the chance to enter the country as part of its energy reform continue to show results and tout the potential of Mexico’s oil and gas resources. Last week during a conference call…

November 3, 2020
Warmer Weather Outlook Weighs Down December Natural Gas Futures

Warmer Weather Outlook Weighs Down December Natural Gas Futures

Weather worries overshadowed strong liquefied natural gas levels Forecasts called for a warm November across much of the Lower 48 Production continued to come back following Hurricane Zeta Natural gas futures on Monday dropped as mid-range weather worries overshadowed continued strong liquefied natural gas (LNG) levels. The December Nymex contract shed 11.0 cents day/day and…

November 3, 2020
Renegotiated Natural Gas Pipeline Contracts to Cost Mexico’s CFE $6.84B, Federal Auditor Says

Renegotiated Natural Gas Pipeline Contracts to Cost Mexico’s CFE $6.84B, Federal Auditor Says

The renegotiation by Mexico’s state power utility Comisión Federal de Electricidad (CFE) of five firm natural gas capacity contracts will cost CFE an extra $6.84 billion over the duration of the contracts, according to a new report by congressional audit office Auditoría Superior de la Federación (ASF). This assessment contradicts declarations by President Andrés Manuel…

November 2, 2020
December Natural Gas Futures Advance on Back of LNG Strength

December Natural Gas Futures Advance on Back of LNG Strength

Markets mulled weather concerns against encouraging signs of tighter balances Forecasters made warmer revisions to their outlooks for November Liquefied natural gas continued to advance, building momentum Natural gas futures on Friday traded in a narrow range of gains and losses as markets mulled weather-driven demand concerns against encouraging signs of tighter balances, notably including…

November 2, 2020
Column: Upcoming Elections are Key to Health of Mexico’s Energy Sector

Column: Upcoming Elections are Key to Health of Mexico’s Energy Sector

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…

October 30, 2020
ECA LNG Could Soon Move Ahead as Momentum Builds for Mexico Export Projects

ECA LNG Could Soon Move Ahead as Momentum Builds for Mexico Export Projects

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California has yet to receive an export approval from the Mexican government despite a new push to support the exports but sanctioning could happen later this year, Infraestructura Energética Nova (IEnova) executives said last week. The proposed two-phase liquefied natural gas (LNG) project,…

October 30, 2020