North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…
Mexico
Articles from Mexico
Mexico Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected
Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector. In a March 18 speech to commemorate the anniversary of state oil company Petróleos Mexicanos (Pemex), Sheinbaum said her administration would follow the path of the Andrés Manuel López Obrador government and continue to prioritize the dominant role…
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary
April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…
Mexico Natural Gas Production Dips as Pipeline Imports Surge
Mexico’s natural gas production averaged 4.05 Bcf/d in February 2024, compared to 4.29 Bcf/d in the same month a year ago. State oil company Petróleos Mexicanos (Pemex) supplied 3.84 Bcf/d or 95% of the total, down from 4.07 Bcf/d in February 2023, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Associated gas tied…
Mexico Elections Pit Energy Continuity Against Return to Open Auction Era, Expert Says
Expanding the use of natural gas tapped from Mexico’s abundant reserves would help to reduce the carbon intensity throughout many areas of the economy, said Jeremy Martin, vice president of Energy & Sustainability at the Institute of Americas. During the upcoming elections, however, Mexicans will decide whether they want more of the same or a…
North American Natural Gas Prices Look for Support Amid U.S. LNG Permit Freeze – Mexico Spotlight
North American natural gas prices were subdued this week despite a boost from lower production and some lingering cold weather. On Thursday, the New York Mercantile Exchange contract for April settled at $1.683/MMBtu, down 1.6 cents on the day. As a comparison, NGI’s next-day Henry Hub traded Wednesday for Thursday delivery at $1.565, down a…
Mexico Presidential Hopeful Gálvez Looking to Transform Nation’s Energy Sector
Opposition candidate Xóchitl Gálvez promises to shake up Mexico’s energy sector if she wins the elections in June. Gálvez would respect the laws of competition as enshrined in the constitution, promote the domestic production of natural gas and renewable energy and work to develop a regional energy strategy, Rosanety Barrios, the head of her energy…
CFE Highlights Banner Year for Natural Gas Marketing Subsidiaries
Mexico’s state power utility Comisión Federal de Electricidad (CFE) touted strong financial performance in 2023 by its natural gas marketing affiliates, CFE International LLC (CFEi) and CFEnergía (CFEn). Houston-based CFEi procures U.S. gas supply for CFE’s fleet of gas-fired power plants in Mexico, and is a leading U.S. marketer of natural gas. CFEn, meanwhile, imports…
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – 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. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…
North American Natural Gas Prices in Doldrums After Warm Winter – Mexico Spotlight
North American natural gas futures gained some ground on Thursday but overall, prices continued to languish. After six straight sessions of losses, the New York Mercantile Exchange contract for April rose on Thursday by 8.3 cents/MMBtu day/day to settle at $1.741. There was little room for optimism, though, for natural gas bulls. AccuWeather said the…