Mexico

Mexico Said at Risk of High Natural Gas Prices, Shortages if U.S. Increases LNG Exports

Mexico Said at Risk of High Natural Gas Prices, Shortages if U.S. Increases LNG Exports

Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of…

March 22, 2022
Braskem Reports Record U.S. Ethane Imports at Mexico Plant, with New Terminal Coming Soon

Braskem Reports Record U.S. Ethane Imports at Mexico Plant, with New Terminal Coming Soon

Brazilian petrochemicals giant Braskem SA reported record imports of ethane from the United States to its Braskem Idesa polyethylene plant in Mexico for a second straight quarter in the fourth quarter of 2021, and it expects a new ethane import terminal at the site to start up by 2024. CFO Pedro Freitas described a dramatically…

March 21, 2022
Mexico Energy Sector Lagging on Gender Equity, WEN President Says

Mexico Energy Sector Lagging on Gender Equity, WEN President Says

“I believe it is important for public and private sectors to not focus solely on increasing the participation of women in terms of labor, but rather there be a true revolution within the interior of institutions and companies to really reduce the gender gap,” María Luisa Licón, legal counsel at Marathon Petroleum Corp. and founding…

March 18, 2022
Natural Gas Pipeline Imports Steady as U.S. LNG Output Roars – Mexico Spotlight

Natural Gas Pipeline Imports Steady as U.S. LNG Output Roars – Mexico Spotlight

War continues to rage in Ukraine, with sanctions on Russia squeezing international energy markets, but natural gas prices in Mexico lost ground week/week and imports of the fuel from the United States held steady. The United States continues to send out record levels of liquefied natural gas (LNG), and this week its Department of Energy…

March 17, 2022
Sempra Exec Says Companies ‘Staying Put’ in Mexico Due to Strong Fundamentals

Sempra Exec Says Companies ‘Staying Put’ in Mexico Due to Strong Fundamentals

Fundamentals underpinning Mexico’s natural gas and power sectors remain strong despite the government’s controversial energy policies, according to Sempra Infrastructure’s Tania Ortiz, president. The subsidiary of San Diego, CA-based Sempra is developing liquefied natural gas (LNG) export projects at two sites on Mexico’s Pacific Coast, and has played a starring role in building out the…

March 16, 2022
Stabilis ‘Bullish’ on Mexico, but ‘Thoughtful’ on Approach

Stabilis ‘Bullish’ on Mexico, but ‘Thoughtful’ on Approach

Houston-based Stabilis Solutions Inc. reported record revenue last year, and in the fourth quarter bested the number of liquefied natural gas (LNG) volumes to customers with “broad-based increases” in Mexico. The Mexico business “continued to grow and mature in 2021 and was responsible for approximately 14% of total revenues,” executives said in a fourth quarter…

March 15, 2022
Stabilis Bets on LNG Growth in Maritime, but Pulls Back on Mexico

Stabilis Bets on LNG Growth in Maritime, but Pulls Back on Mexico

Houston-based Stabilis Solutions Inc. reported record revenue last year including for liquefied natural gas (LNG), but the small-scale supplier is now multi-tasking to mitigate inflation impacts and grow two key businesses. CEO Westervelt Ballard Jr. said price premiums on LNG in 2021 helped lift the revenue through the year, but equally high transportation and labor…

March 15, 2022
COLUMN: Don’t Expect Mexico Oil, Natural Gas Supply to Bail Out Global Energy Markets

COLUMN: Don’t Expect Mexico Oil, Natural Gas Supply to Bail Out Global Energy Markets

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 opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. War in Europe…

March 11, 2022
North America Natural Gas Market ‘Quiet’ as Disorder Reigns in Europe – Mexico Spotlight

North America Natural Gas Market ‘Quiet’ as Disorder Reigns in Europe – Mexico Spotlight

Mexican President Andrés Manuel López Obrador on Tuesday pledged energy prices would not rise as a result of the Russia-Ukraine crisis, and this week U.S. natural market futures provided an assist. On Wednesday, the April New York Mercantile Exchange gas futures contract lost ground for a third straight day and shed a tenth of a…

March 10, 2022
Natural Gas Futures Trade Sideways Ahead of Expected Shift in Weather Demand

Natural Gas Futures Trade Sideways Ahead of Expected Shift in Weather Demand

Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand. At A Glance: BREAKING: U.S. EIA reports 124 Bcf natural gas withdrawal from storage for the week ended March 4 U.S. LNG…

March 10, 2022