Mexican regulators have issued updated rules for open seasons and capacity releases on pipelines in the country’s fledgling natural gas market.
Articles from Mexico
Natural gas imports into Mexico grew 6.3% year/year (y/y) in May as pipeline shipments and liquefied natural gas (LNG) continued to make up for declining domestic output, according to the latest official data.
Natural gas pipeline capacity into the South Central region, the epicenter of anticipated demand growth from exports to Mexico and via liquefied natural gas (LNG) terminals, is expected to climb to 19 Bcf/d by the end of the year, according to the Energy Information Administration (EIA).
The energy platform of Mexico’s next government could negatively impact U.S. refiners and midstream companies, as well as the financial health of Mexico’s national oil company, Petróleos Mexicanos (Pemex), according to analysts.
Mexico’s largest natural gas transport network, the Sistrangas, is set to overhaul its pipeline tariff regime later this year, according to energy regulators.
At a recent major Mexican oil and gas industry event, the first since the landslide election victory by President-Elect Andres Manuel Lopez Obrador, business leaders and officials emphasized their support for the upcoming administration but also shared their concerns about the election’s potential impact.
Analysts reacted with almost uniform wariness and skepticism to the announcement by Mexico’s next president, Andrés Manuel López Obrador, of his picks for top energy sector posts and of a 175 billion-peso ($9.43 billion) plan to “rescue” the industry.
The liquid fuels storage business has emerged as a primary growth engine for Infraestructura Energética Nova (IEnova) as global refiners seek to offload their products to a hungry Mexican market.