Sempra is betting that continued global energy volatility and geopolitical tensions will strengthen North America’s key natural gas markets, supporting its investments in LNG exports and Mexico. In the San Diego-based firm’s third quarter earnings call, CEO Jeff Martin said the series of global conflicts that have impacted global markets recently have accelerated a “trend…
Mexico
Articles from Mexico
Investment in Energy Infrastructure Lacking in Mexico, Expert Says
Mexico’s transmission lines and electric power grid are insufficient to meet growing power demand across the country and require new investment, Edith Rojo Zazueta, an industrial engineer who worked previously at Mexico’s Comision Reguladora de Energia (CRE) told NGI’s Mexico GPI. During her time at the CRE from 2021 to August of this year, Rojo…
U.S.-Mexico Energy Trade Dispute Seen Heading to Panel Process
The United States government could request a panel process by February to settle the ongoing energy dispute with Mexico over practices that are considered to be in violation of the U.S.-Mexico-Canada-Agreement, or USMCA. This is according to Vanessa Sciarra, vice president of Trade and International Competitiveness at the American Clean Power Association (ACP), who spoke…
Mexico LNG Projects in Focus as Asia Set to Dominate Demand Growth
Mexico is poised to play an increasingly prominent role in the global natural gas market, driven by internal demand and the LNG export projects planned for the country’s Pacific and Atlantic coasts. During a joint webinar on Thursday, experts from NGI and the London Stock Exchange Group plc (LSEG) described the market dynamics that are…
December Natural Gas Futures Prices Shoot Higher Tuesday as Frosty North Drives Demand
Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower. At A Glance: Output below 102 Bcf/d Weather outlook mixed LNG calls holding strong Coming off a 13.1-loss on Monday – its first day as the…
Mexico Presidential Candidate Gálvez Seeks Private Sector Natural Gas Investment
Xóchitl Gálvez, a leading candidate in Mexico’s 2024 presidential elections, is seeking to prioritize the use of natural gas to advance the country’s energy transition and promote more private investment to develop necessary transportation infrastructure, she said in comments in Mexico City. Speaking at the at the Energy Associations Congress, Gálvez, who is the 2024…
Lower Natural Gas, Oil Prices Impact Pemex Earnings as Production Holding Strong
Mexico’s state oil company Petróleos Mexicanos (Pemex) held natural gas and oil production steady in the third quarter, but low commodity prices and foreign exchange effects drove another multibillion-dollar loss. Natural gas production averaged 3.959 Bcf/d during 3Q2023, up slightly from 3.88 Bcf/d averaged in 3Q2022, the 100% state-owned firm reported. Crude oil production averaged…
For Nearshoring Opportunity, Mexico Natural Gas Distribution Needs Upgrade — 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. Mexico, a country with logistical advantages and an industrial economy, could see substantial economic benefits from nearshoring, or the relocation of operations…
North American Natural Gas Futures Surge; Hurricane Otis Batters Acapulco – Mexico Spotlight
North American natural gas prices saw strong forward momentum this week as winter weather appeared around the corner. The November New York Mercantile Exchange contract jumped 20.4 cents day/day on Thursday and settled at $3.214/MMBtu. Mexico imports added to the upward pressure. Pipeline imports over the last 10 days through Thursday averaged 6.87 Bcf/d, according…
USMCA Panel on Mexico Energy Dispute Said Likely by February
The United States government could request a panel process by February to settle the ongoing energy dispute with Mexico over practices that are considered to be in violation of the U.S.-Mexico-Canada-Agreement, or USMCA. This is according to Vanessa Sciarra, vice president of Trade and International Competitiveness at the American Clean Power Association (ACP), who spoke…