Natural gas futures gave up ground on Friday as traders took profits following a frenzied rally that saw the prompt month surge more than 46 cents over the two prior trading sessions. The catalysts for the spikes remained firmly in place: Light production in Hurricane Ida’s wake and festering concerns about inadequate storage ahead of…
Mexico
Articles from Mexico
Listen Now: NGI’s Hub & Flow Dives into Latest Mexico Natural Gas Market Survey
Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico and Latin America Senior Editor Christopher Lenton sits down with Mexico natural gas expert, Gadex consultant and NGI columnist Eduardo Prud’homme to discuss NGI’s most recent Mexico market survey. The podcast dives into the evolving Mexico market…
September 13, 2021
Mexico Energy Industry ‘Full of Gems’ for Development, Expert Says
“There’s been a lot of talk about a downturn in the Mexican energy industry but I don’t necessarily see it that way. There are plenty of gems that are there for the taking in Mexico if you know where to look,” said Dino Barajas, partner at the law firm DLA Piper. “As a potential investor,…
September 10, 2021
October Natural Gas Futures Extend Rally as Storage Worry Mounts
Natural gas futures gathered even more momentum on Thursday, reaching a seven-year high as production remained weak in Hurricane Ida’s aftermath and the latest government inventory report confirmed a tight supply/demand balance. At A Glance: Futures forge past $5.00 mark EIA reports 52 Bcf storage injection Western spot prices fall back Ida “amplified already heightened…
September 10, 2021
Mexico Energy Sector Said Still Open for Business as Players Prepare for Future
Mexico’s energy sector has faced a difficult past three years which have seriously dented investor appetite, but the country still offers opportunities and the future could be bright, industry insiders said Tuesday at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX. The Woodrow Wilson International Center’s Duncan Wood said that…
September 10, 2021
Mexico Natural Gas Market Spotlight: Amid Soaring Prices, Users Clamor for Capacity
A trio of natural gas sector participants on Wednesday called for the opening of capacity and increased flexibility in the Mexican market. Speaking at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX, Royal Dutch Shell plc’s Alejandro Reyes said “the pipelines are there, but we can’t fully utilize or optimize…
September 9, 2021
With Demand Strong and Production Soft, October Natural Gas Futures, Cash Prices Soar
Natural gas futures on Wednesday rebounded as traders mulled ongoing production outages in the Gulf of Mexico (GOM), robust domestic demand and intensifying competition for U.S. exports of liquefied natural gas (LNG). At A Glance: BREAKING: U.S. utilities injected 52 Bcf natural gas into storage for the week ended Sept. 3 Production slow to recover…
September 9, 2021
Mexico Courting Firms to Build Natural Gas Pipeline, FLNG Terminal
Mexico’s CFEnergía (CFE) is seeking formal expressions of interest from private sector firms to build and operate a natural gas pipeline and floating liquefied natural gas (FLNG) terminal. The 500 MMcf/d pipeline would span from Chinameca, Veracruz, to Salina Cruz, Oaxaca, supplying gas to a 430 MMcf/d or 3 million metric tons/year (mmty) FLNG terminal…
September 9, 2021
Natural Gas Futures Fall Post-Labor Day but Cash Spikes in Northeast, SoCal
Natural gas futures stumbled in post-Labor Day trading as the market proved unable to sustain recent highs even as Gulf of Mexico (GOM) production outages lingered. Forecasts for balmy mid-September temperatures did little to incentivize buying interest, and the October Nymex contract fell 14.4 cents to settle at $4.568/MMBtu. At A Glance: Production slowly on…
September 8, 2021
Times are Tough, but Mexico’s Energy Sector Still Awash in Opportunities, Experts Say
Mexico’s energy sector has faced a difficult past three years which have seriously dented investor appetite, but the country still offers opportunities and the future could be bright, industry insiders said Tuesday at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX. The Woodrow Wilson International Center’s Duncan Wood said that…
September 7, 2021
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