Mexico

“One of the priorities of this government is to strengthen the dominance of the two state energy monopolies, which has cut private investors out of the business,” Alejandra López Martínez, energy consultant at Eploc and seasoned Mexico energy industry expert, told NGI’s Mexico Gas Price Index.  “Seeing international companies as a synonym for corruption has…

Natural gas futures fell back below $4.00 on Thursday after the latest government storage figure came in on the higher side of expectations. With a cool front on the way and cash prices weaker, the September Nymex gas futures contract settled at $3.933, off 12.6 cents. October slid 12.3 cents to $3.948. At A Glance:…

Soaring natural gas prices, along with the rising prices of other imported fuels, were causing inflation worries and are a hot-button topic in Mexico, according to experts. “The price of energy in Mexico is becoming an important issue,” Gadex consultant Eduardo Prud’homme told NGI’s Mexico GPI. In July, the Mexican government placed price caps on liquified…

With Gulf of Mexico (GOM) activity accelerating throughout both U.S. and Mexico waters, Australia’s BHP has given its stamp of approval to spend $258 million to advance the front-end engineering design phase for the Trion project in Mexico’s deepwater. Studies would be centered on completing engineering and commercial arrangements toward potentially sanctioning the project by…

Natural gas futures prices rebounded Tuesday on increasing heat in the forecast for this week, as well as modest changes to the supply/demand balance. The September Nymex gas futures contract settled at $4.089, up 2.9 cents from Monday’s close. October picked up 2.8 cents to reach $4.103. At A Glance: Cooler weather seen by weekend…

San Diego-based Sempra is advancing plans to expand the Energia Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico, CEO Jeffrey Martin said during a recent earnings call. Subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) late last year sanctioned the 3.25 million metric ton/year (mmty) ECA LNG Phase 1 liquefaction project. The…

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. At…

Natural gas futures were virtually unchanged in early trading Tuesday as forecasters continued to expect intense heat in the current week to ease later this month. The September Nymex contract was up 0.4 cents to $4.064/MMBtu as of around 8:45 a.m. ET.  With some days in the 15-day window shifting slightly hotter and others slightly…

September natural gas prices treaded water a bit to finish the week, with growing supply concerns competing with a slightly cooler shift in the latest weather forecasts. The September Nymex gas futures contract settled Friday at $4.140, unchanged on the day. October climbed six-tenths of a cent to $4.154. At A Glance: Heat, wind ramping…