Mexico

Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish. The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message…

North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165.  TC…

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…

Natural gas pipeline exports from the United States to Mexico via West Texas rose 20% year/year to average 1.6 Bcf/d in 2023, according to the latest data from the U.S. Energy Information Administration (EIA). Gas flows from West Texas to Mexico “have grown steadily since 2017 as more connecting pipelines in Central and Southwest Mexico…

Since taking office in 2018, Mexico’s President Andrés Manuel López Obrador has reiterated that his government would prioritize energy security and reduce the country’s dependency on foreign fuel imports, such as natural gas and gasoline.  While López Obrador’s government has built a $19 billion refinery in the southern state of Tabasco in hopes to reduce…

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

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…

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…

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…