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TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Energy Corp. management said it could exceed its goal of more than $2 billion in asset sales in 2024 to focus on natural gas and related segments. “For 2024, there should be no surprise that our strategic priorities will look very similar to 2023,” CEO François Poirier said on a conference call to discuss…

February 21, 2024
Mexico President Calls for Constitutional Overhaul With Months Left in Office

Mexico President Calls for Constitutional Overhaul With Months Left in Office

Mexico’s President Andrés Manuel López Obrador announced a new package of 20 constitutional reforms on Monday evening. They include plans to scrap autonomous regulators such as competition watchdog Comisión Federal de Competencia Económica (Cofece) and energy regulator Comisión Reguladora de Energía (CRE). CRE oversees natural gas regulations and permitting. It also publishes the IPGN monthly…

February 6, 2024
Presidential Hopeful Gálvez Calls for Level Playing Field in Mexico’s Energy Sector

Presidential Hopeful Gálvez Calls for Level Playing Field in Mexico’s Energy Sector

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…

February 5, 2024
Will U.S. Export Permit Freeze Impact Booming Mexico Natural Gas Market? Listen Now to NGI’s Hub & Flow

Will U.S. Export Permit Freeze Impact Booming Mexico Natural Gas Market? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which spotlights the latest developments in Mexico’s natural gas market. At a recent energy conference in the booming border town of Monterrey, NGI Mexico Senior Editor Christopher Lenton was among panelists exploring the changing dynamics of the Mexico natural gas market. In…

February 5, 2024
U.S. Natural Gas Said Essential to Mexico’s Economic Advancement 

U.S. Natural Gas Said Essential to Mexico’s Economic Advancement 

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure Projects Forum.…

January 31, 2024
Mexico Natural Gas Market Growth Said Challenged by Lack of Storage, Uneven Regulation

Mexico Natural Gas Market Growth Said Challenged by Lack of Storage, Uneven Regulation

Representatives from some of Mexico’s most important natural gas supply, transport and storage companies are optimistic that the national industry is poised to continue to grow.Mexico natural gas demand is set to expand 4.6% annually during the next decade, according to forecasts by national pipeline system operator Cenagas.  “I think natural gas is probably in…

January 30, 2024
Esentia to Offer Capacity on Mexico Pipelines as Natural Gas Market Opens Up

Esentia to Offer Capacity on Mexico Pipelines as Natural Gas Market Opens Up

Esentia Energy Systems is planning to offer capacity on its network of natural gas pipelines that stretch from Waha in West Texas to the industrial hub of Guadalajara in central Mexico. “We are going to run an open season for capacity on our pipes for natural gas out of Waha,” Esentia commercial vice president Jorge…

January 29, 2024
Mexico’s Presidential Frontrunner Sheinbaum Seeks 50% Renewable Generation By 2030

Mexico’s Presidential Frontrunner Sheinbaum Seeks 50% Renewable Generation By 2030

If elected, Mexican presidential candidate Claudia Sheinbaum would seek to increase the country’s renewable electricity generation to as much as 50% of the national grid by the conclusion of her term in 2030, industry members familiar with the plans told NGI’s Mexico GPI. The ambitious goal for renewable energy generation would represent a dramatic shift…

January 22, 2024
Cenagas Open Season Landmark Win for Mexico Natural Gas Market — Column

Cenagas Open Season Landmark Win for Mexico Natural Gas Market — 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. The recent completion of the open season by Cenagas, the operator of Mexico’s integrated gas pipeline network Sistrangas, marks a pivotal moment…

January 19, 2024
Mexico’s Natural Gas-Dominant Energy System Tested Amid Growing Import Needs — Spotlight

Mexico’s Natural Gas-Dominant Energy System Tested Amid Growing Import Needs — Spotlight

Mexico’s reliance on imported U.S. natural gas to keep its lights on and industry running was spotlighted this week, but in the end fears of weather-related disruptions proved overblown. Pipeline operator Cenagas and power operator Cenace both had issued statements following frigid temperatures that warned of possible disruptions to Mexico natural gas flows. Mexico imports…

January 18, 2024
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