natural gas imports

Multiple challenges must be overcome on Mexico’s natural gas pipeline network to accommodate the recent projects announced by state power company Comisión Federal de Electricidad (CFE) and private industry, according to a former top executive. Guillermo Turrent, the former CEO of gas marketing subsidiaries CFE International LLC and CFEnergía, addressed the outlook on Tuesday at…

Natural gas production in Mexico continued its winning streak in September, according to the latest statistics from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Gas production hit 4.180 Bcf/d during the month, compared to 4.060 Bcf/d in August and 3.894 Bcf/d in September of last year. Natural gas production has seen a consistent rise this…

Despite a massive throttling of pipeline natural gas to Europe after Russia’s February invasion of Ukraine, European Union (EU) members in September still led the world in Russian oil and natural gas imports, according to a new report. Since the beginning of the conflict in Ukraine, EU members have imported around $97 billion in Russian…

Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

Mexico urgently needs to develop the fortitude of its natural gas industry, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. According to their research, Mexico natural gas demand grew 63% in the last decade and a half, hitting 8.27 Bcf/d last year. Starting in 2020, natural…

North American natural gas prices continued to be pressured to the upside this week amid sizzling temperatures and low storage inventories. The August New York Mercantile Exchange (Nymex) contract went out meekly as prompt month on Wednesday after a nearly week-long rally. The August gas futures contract settled at $8.687/MMBtu, down 30.6 cents day/day. September…

Lower 48 midstream giant Howard Energy Partners (HEP), through joint venture Dos Caminos LLC, plans to double its natural gas gathering, treatment and transport services in Texas to 2 Bcf/d as it eyes opportunities for LNG and Mexico exports.  The expansion, planned in the Austin Chalk formation and Eagle Ford Shale in South Texas, would…

Natural gas output at Petróleos Mexicanos (Pemex) remains under par because the company is solely focused on oil production, according to Sergio Guaso, founder of consulting firm Guaso360. Guaso told NGI’s Mexico GPI that “no matter what happens, the mission for Pemex is always to increase barrels of oil production. The rest is secondary.” Guaso…

The gap between natural gas production and demand in Mexico continued to widen in 2021, according to the 71st edition of BP plc’s Statistical Review of World Energy published Tuesday. Mexico’s gas output fell to 29.2 billion cubic meters (Bcm) in 2021 from 30.5 Bcm in 2020 and 34 Bcm in 2019, researchers said.  The…