Texas freeze

Mexico’s CFE to Enter Arbitration, Says Reasons ‘Solid’ for Not Paying Pricey Natural Gas Bill

Mexico’s CFE to Enter Arbitration, Says Reasons ‘Solid’ for Not Paying Pricey Natural Gas Bill

Mexico’s state utility Comisión Federal de Electricidad (CFE) is set to enter international arbitration over a payment dispute with Goldman Sachs Group Inc.  “We are in an international arbitrage process,” a CFE spokesperson told NGI’s Mexico GPI. “CFE thinks it has solid and sufficient arguments to gain a favorable ruling.” A CFE trading subsidiary reportedly…

May 18, 2021
Texas Storm Fallout Festers in Petrochemical, NGL Sectors

Texas Storm Fallout Festers in Petrochemical, NGL Sectors

The impacts of a Winter Storm Uri, which wreaked havoc on the Texas energy system in mid-February, are lingering nearly two months later as downstream facilities await freeze-related repairs. “From a natural disaster perspective, the impact on the petrochemical space from Uri is much greater than any previous event that we’ve had in recent memory,”…

April 6, 2021