Mexico

Continued Uncertainty Has Some Upstream Firms Eying Mexico Exit, Industry Expert Says

Continued Uncertainty Has Some Upstream Firms Eying Mexico Exit, Industry Expert Says

In the Mexico energy industry, the prevailing challenge “is the uncertainty about when the rules are going to change again,” said Alma Del Toro, President of Blue Bull Energy. “And because Mexico keeps changing its mind, that creates the worst nightmare for any investor.” Del Toro, who has more than 25 years of experience in…

June 10, 2022
Disappointing Storage Build Fuels Monumental Natural Gas Futures Recovery as Freeport Drama Unfolds

Disappointing Storage Build Fuels Monumental Natural Gas Futures Recovery as Freeport Drama Unfolds

All it took was one little storage datapoint for natural gas futures – down another 50-plus cents early Thursday – to stage a momentous recovery and finish the day well in the green. The July Nymex gas futures contract settled at $8.963/MMBtu, up 26.4 cents from Wednesday’s close. August futures edged up 29.9 cents to…

June 10, 2022
Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

Global Natural Gas Market Rocked by Freeport LNG Explosion – Mexico Spotlight

A fire at the Freeport liquefied natural gas (LNG) export terminal in Texas on Wednesday shut down the facility for at least three weeks and had immediate impacts on natural gas pricing across the globe. With New York Mercantile Exchange July natural gas futures early in the week making their way to $10.00/MMBtu, the incident…

June 9, 2022
Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico President Andrés Manuel López Obrador last week touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 8, 2022
LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

LNG Imports to South America Down Sharply on Replenished Hydropower; Pipeline Flows to Mexico Hold Steady

Imports of liquefied natural gas (LNG) in South America are down sharply this year amid market volatility and a resurgence of hydropower in Brazil, while pipeline gas imports to Mexico have held relatively firm. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed in South America this year…

June 8, 2022
Natural Gas Futures Slip, but Cash Stays Strong on Intensifying Heat Wave

Natural Gas Futures Slip, but Cash Stays Strong on Intensifying Heat Wave

In a quieter session on Tuesday, natural gas futures failed to sustain early gains as traders took profits. The July Nymex gas futures contract settled at $9.293/MMBtu, off 2.9 cents on the day. August futures slipped 2.8 cents to $9.278. Spot gas prices moved higher again, with triple-digit temperatures creeping across Texas and much of…

June 8, 2022
Mexico Natural Gas Demand Showing Inelasticity Amid Soaring Prices

Mexico Natural Gas Demand Showing Inelasticity Amid Soaring Prices

Mexico’s demand for natural gas has not been impacted by the ongoing price surge, according to buyers and sellers of the fuel who spoke at the recent Mexico Gas Summit in San Antonio, TX. “Demand is very inelastic,” said Santa Fe Gas LLC CEO Santiago Garcia during the event organized by Industry Exchange LLC. “The…

June 7, 2022
Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico President Andrés Manuel López Obrador on Friday touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 6, 2022
How Can Mexico’s Natural Gas Market Improve? Here’s What Leading Pipeline Operators Said

How Can Mexico’s Natural Gas Market Improve? Here’s What Leading Pipeline Operators Said

More transparency and connectivity could help Mexico’s natural gas market achieve its full potential, according to some of the largest pipeline operators serving the country. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed these goals with executives from Fermaca, Engie SA and Enbridge Inc. during a panel Thursday at Industry Exchange LLC’s…

June 3, 2022
COLUMN: When Will New Natural Gas Projects Materialize in Mexico?

COLUMN: When Will New Natural Gas Projects Materialize in Mexico?

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. With the constitutional reform proposal for the energy sector shot down, President López Obrador will find it hard to reverse the structural…

May 27, 2022
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