U.S. natural gas exporters are increasingly eyeing the global market, according to new data published by the Federal Energy Regulatory Commission, or FERC. U.S. LNG exports rose by 8.6% year/year to average 10.6 Bcf/d in 2022, with demand growth driven by European markets seeking a substitute for Russian supply, FERC said in its 2022 State…
Mexico
Articles from Mexico

Engie Developing Biogas Project to Connect to Mexico Natural Gas Grid
“We are working on the first biogas project connected to the natural gas network in Mexico, with the objective to inject green gasses into the distribution network,” Eva Ribera, Vice President of Business Development & Implementation at Engie México, told NGI’s Mexico GPI. “We think that biogas is currently an opportunity in Mexico and we…

North American Natural Gas Still Depressed; Regulatory Constraints Seen on Both Sides of Border – Mexico Spotlight
North American natural gas can’t find any momentum. On Thursday, the April New York Mercantile Exchange gas futures contract settled at $2.543/MMBtu, off eight-tenths of a cent on the day. May futures slid 3.0 cents to $2.683. Analysts at NatGasWeather said Thursday afternoon that “with prices back to testing lows of the week this morning,…

Verdad Exploration Reaches Mexico Milestone in Natural Gas-Rich Burgos Basin
“We are the first private producers to develop gas in the Burgos Basin and connect to Cenagas,” Roberto Gutierrez, vice president of commercial sales at Verdad Exploration Mexico LLC, told NGI’s Mexico GPI in a phone interview. On February 22, Verdad connected their gas production from a block in the Burgos Basin to the Sistrangas…

One Year After Russia’s Invasion of Ukraine, Mexico’s Plans Have Shifted to LNG
A year since Russia’s invasion of Ukraine altered the energy landscape across the globe, Mexico’s natural gas model has been transformed. As the world’s biggest consumer of U.S. produced natural gas, Mexico has set its sights on using its geographic position to its advantage. By importing natural gas from the U.S. at the cheapest prices…

TC Energy Eyeing 30% Capex Increase Driven by U.S., Canada, Mexico Natural Gas Pipelines
TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico. Calgary-based TC, which reports in Canadian currency (C$1.00/US 75 cents), has set a capital budget of $11.5-12 billion for 2023, up from…

Mexico’s CFE Touts Plan to Optimize Unused Natural Gas Pipeline Capacity
The CEO of Mexico’s state power company Comisión Federal de Electricidad (CFE), Manuel Bartlett Díaz, is calling on the firm to “resolve the problem” of unused natural gas transport capacity on its U.S. and Mexico pipelines, according to a recent update. Through subsidiaries CFE International LLC (CFEi) and CFEnergía, CFE sources gas from the United…

ExxonMobil Affiliate Signs Binding Offtake Deals With Mexico LNG Project
Mexico Pacific Limited LLC (MPL) and ExxonMobil LNG Asia Pacific have signed two long-term offtake agreements for MPL’s Saguaro Energía liquefied natural gas export terminal proposed for Puerto Libertad in Mexico’s Sonora State. Under the 20-year sales and purchase agreements (SPA), the ExxonMobil subsidiary would purchase a combined 2.0 million metric tons/year (mmty) of LNG…

Natural Gas Storage Said ‘National Security Issue’ in Mexico
The lack of available storage options for natural gas and fuels continues to challenge the Mexican energy industry, leaving the country vulnerable in the event of supply interruptions, such as aberrational weather or unforeseen outages, executives said last week. Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey, stakeholders in Mexico’s government and private…

North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight
North American natural gas trading has been hijacked by bears, with prices moving lower this week on the back of a healthy supply and storage outlook. The New York Mercantile Exchange (Nymex) futures contract for March is hovering around $2.500/MMBtu, its lowest point in almost two years. Last Friday (Jan. 27), the February Nymex natural…