Mexico

Natural Gas Prices Remain Choppy, but Market Said ‘Stable’ – Mexico Spotlight

Natural Gas Prices Remain Choppy, but Market Said ‘Stable’ – Mexico Spotlight

North American natural gas futures were once again unsteady this week, but the Mexico market has had a relatively calm February after turbulent market action heading into the month. “There were a lot of nerves at the start of February,” a gas buyer in Mexico told NGI’s Mexico GPI. “There seemed to be panic buying…

February 17, 2022
Exports, Industrial Activity Seen Propelling U.S. Natural Gas Demand Growth

Exports, Industrial Activity Seen Propelling U.S. Natural Gas Demand Growth

Rising exports and rebounding industrial activity are likely to drive U.S. natural gas demand through 2022,  according to analysts who presented during a webinar hosted Tuesday by Natural Gas Intelligence (NGI) and Independent Commodity Intelligence Services (ICIS). Liquefied natural gas (LNG) exports to Europe and Asia, along with pipeline exports to Mexico, are on track…

February 16, 2022
BP, Equinor Pull Out of Mexico Deepwater Block

BP, Equinor Pull Out of Mexico Deepwater Block

Mexican upstream regulator Comisión Nacional de Hidrocarburos (CNH) has given the green light for the local subsidiaries of European energy giants BP plc and Equinor ASA to pull out of their participation in a deepwater block offshore Veracruz and Tabasco states. The Mexico branch of France’s TotalEnergies SE will now assume control of the Salina…

February 15, 2022
Column: CFE’s Bet on Greater Mexico Market Share Means More Combined Cycle Plants

Column: CFE’s Bet on Greater Mexico Market Share Means More Combined Cycle Plants

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. Mexico’s government wants…

January 28, 2022
Natural Gas February Contract Sees ‘Wild Expiration’ as Prices Rise Almost $2 – Mexico Spotlight

Natural Gas February Contract Sees ‘Wild Expiration’ as Prices Rise Almost $2 – Mexico Spotlight

U.S. natural gas futures prices key to the Mexico market soared this week on the back of colder forecasts and rising geopolitical tension in Europe. On Thursday, the expiring February New York Mercantile Exchange gas futures contract went out with a bang. It surged briefly above $7.00/MMBtu before settling at $6.265, up almost $2.00 on…

January 27, 2022
Mexico’s CFE Poised to Launch Natural Gas Pipeline Tender for Salina Cruz LNG Export Project

Mexico’s CFE Poised to Launch Natural Gas Pipeline Tender for Salina Cruz LNG Export Project

Mexican state power utility Comisión Federal de Electricidad (CFE) is seeking private sector firms to build new natural gas infrastructure and utilize capacity on its existing pipelines, executives said last week. Speaking at Industry Exchange LLC’s 7th Mexico Infrastructure Projects Forum in Monterrey, Nuevo León, CFE Internacional (CFEi) operations director Carmen Serdán and CFEnergía operations…

January 27, 2022
Mexico Natural Gas, Oil Output Flat in 2021 as U.S. Imports Surge

Mexico Natural Gas, Oil Output Flat in 2021 as U.S. Imports Surge

Mexico reported essentially flat growth in natural gas and oil production in 2021 as gas imports from the United States continued to surge. Mexico’s gas output averaged 3.85 Bcf/d for the full year, versus 3.84 Bcf/d in 2020, according to data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex)…

January 26, 2022
Mexico Exports Slip in 4Q, but Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries

Mexico Exports Slip in 4Q, but Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries

Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call last week to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…

January 25, 2022
Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Although headlines on current tightness in the global natural gas market have mostly focused on Europe, Latin America has played a role in the crisis as well, according to Columbia University’s Luisa Palacios. Palacios, a senior research scholar at Columbia’s Center on Global Energy Policy, spoke to NGI’s senior Mexico and Latin America editor Christopher…

January 24, 2022
Mexican Consumer Prices to Rise if Electricity Proposal Passes, Baker Institute Director Says

Mexican Consumer Prices to Rise if Electricity Proposal Passes, Baker Institute Director Says

“I think people are in for a very big surprise if they allow the Mexican government to monopolize the electricity sector; it’s simply not going to do Mexicans any favors in terms of efficiency, competition, low prices, or capital investment,” Tony Payan, Director of the Center for the United States and Mexico at Rice University’s…

January 21, 2022
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