power generation

Mexico’s presidential frontrunner Claudia Sheinbaum of the ruling Morena party would continue the nation’s buildout of natural gas-fired power if she were to win the June 2 election. Speaking to business leaders in Mexico City on Monday evening, Sheinbaum highlighted that 3.250 GW of new generation, 91% of which was natural-gas fired combined cycle, were…

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

Mexico’s state power company Comisión Federal de Electricidad (CFE) credited lower natural gas prices as contributing to the company’s best full-year profits in a decade last year. CFE is the country’s largest power generator and distributor, the primary importer and marketer of natural gas, and monopoly owner of the electricity transmission grid.  The company reported…

Utilities in the Southwest have seen business, population and technology underpinning investments in natural gas-fired generation and infrastructure, and in Texas, new legislation may be supporting plans for a build-out.  NGI reviewed recent quarterly and year-end results of electric and gas utilities, in which executives pointed to growth in the customer base, as well as…

Natural gas-fired generation is forecast for roughly a 100 MW net increase this year as overall electric power plant retirements decrease to 5.2 GW, the lowest level in more than a decade, according to the U.S. Energy Information Administration (EIA).  While gas-fired capacity is slated to make up the largest share (46%) of electric generation…

Mexico will need to attract more than $41 billion in investment to generate an estimated 37 GW of additional electricity capacity required to meet the increased energy demand anticipated by nearshoring, Abraham Zamora, president of the Mexican Energy Association (AME), said during a recent presentation in Monterrey.  Nearshoring, or the relocation of manufacturing and supply…

Despite crashing prices, executives at EQT Corp. said the U.S. natural gas market is not as oversupplied as most think, suggesting the stage is being set for a rebound.  Henry Hub has traded below $2/MMBtu for seven straight sessions. The contract hasn’t been this low since June 2020 during the Covid-19 pandemic. NGI’s Weekly Spot…

Mexican presidential candidate Xóchitl Gálvez on Monday applauded a recent Supreme Court ruling that invalidated one of President Andrés Manuel López Obrador’s most controversial energy policies.  Mexico’s high court deemed unconstitutional a set of modifications to Mexico’s electricity industry law (LIE) that sought to prioritize the dispatch of electricity from power plants owned by state…

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. On the last day of January, Mexico’s Supreme Court delivered a verdict that could potentially end President Andrés Manuel López Obrador’s efforts…