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. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…
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April Bidweek Trading Concludes as Hefty Storage, Incoming Weak Demand Weigh
Stout storage levels at the start of the weak spring demand season kept baseload natural gas prices for April under pressure in bidweek trading Tuesday, according to NGI’s Bidweek Alert (BWA). Overall trade slowed from Monday on the third and last day of bidweek trading for April baseload flows, with the Midwest and Appalachia leading…
Negative West Texas Natural Gas Spot Prices Persist Amid Stout Supply, Soft Demand
West Texas natural gas cash prices remain mired in negative territory amid weak weather-driven demand and a massive supply overhang. Waha cash prices on Monday ticked up a half-cent but still averaged negative 69.5 cents/MMBtu, according to NGI data. The West Texas benchmark has mostly hovered in the red since early March. El Paso Permian…
How Would a Gálvez Presidency Impact Mexico’s Natural Gas Sector? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub and Flow, in which NGI’s Chris Lenton, senior editor of Mexico and Latin America, sits down with Rosanety Barrios, who heads the energy team for Mexican presidential candidate Xóchitl Gálvez. Barrios details how Mexico’s energy sector, including state companies Comisión Federal de Electricidad (CFE)…
Weekly Natural Gas Spot Prices Slide as ‘Warmest Patterns of the Past 50 Years’ Hits Demand
Weekly natural gas cash prices fell for a second week as milder winter weather deflated demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 22-26 period tumbled $2.165 to $2.380/MMBtu with declines in all regions. The Northeast led the way down. Iroquois Zone 2 collapsed $13.480 to average…
Mexico Energy Leaders Optimistic for 2024 Natural Gas Industry Growth
Experts from Mexico’s energy industry told NGI’s Mexico GPI that they feel optimistic 2024 will bring positive developments to the natural gas sector following several difficult years of uncertainty and unforeseen policy changes. In conversations and exchanges with nine Mexico energy industry experts and leaders in December, the majority expressed cautious or moderate optimism for…
In 2024, Mexico Has Chance to Re-Script Its Energy Policy – 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. For the Mexican natural gas market, 2024 promises to be a defining year. Mexico is going to start exporting LNG early in…
Policy Concerns or No, Mexico Natural Gas Imports to Keep Growing, Experts Say
Mexico’s pipeline imports of U.S. natural gas should continue rising over the coming years even in the most conservative demand scenarios, experts agreed at the US-Mexico Natural Gas Forum. The power sector is driving demand growth currently, a trend that is likely to continue in the immediate term as state power company Comisión Federal de…
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…
PHMSA Looking to Improve Safety for Nation’s Natural Gas, Oil Pipeline Systems
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) said last week it is awarding $14.8 million for projects that would improve natural gas and oil pipeline safety. The grants are designed to support “important pipeline safety training and educational programs, as well as the advancement of pipeline safety technologies,” officials said.…