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U.S. Natural Gas Flows to Mexico Seen Hitting New Records This Summer

U.S. Natural Gas Flows to Mexico Seen Hitting New Records This Summer

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

April 5, 2024
Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — Column 

Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — 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. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…

April 5, 2024
Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

April 2, 2024
Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists

Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

April 1, 2024
Mexico Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected

Mexico Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected

Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector.  In a March 18 speech to commemorate the anniversary of state oil company Petróleos Mexicanos (Pemex), Sheinbaum said her administration would follow the path of the Andrés Manuel López Obrador government and continue to prioritize the dominant role…

March 27, 2024
Mexico Elections Pit Energy Continuity Against Return to Open Auction Era, Expert Says

Mexico Elections Pit Energy Continuity Against Return to Open Auction Era, Expert Says

Expanding the use of natural gas tapped from Mexico’s abundant reserves would help to reduce the carbon intensity throughout many areas of the economy, said Jeremy Martin, vice president of Energy & Sustainability at the Institute of Americas. During the upcoming elections, however, Mexicans will decide whether they want more of the same or a…

March 22, 2024
How Would a Gálvez Presidency Impact Mexico’s Natural Gas Sector? – Listen Now to NGI’s Hub & Flow

How Would a Gálvez Presidency Impact Mexico’s Natural Gas Sector? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub and Flow, in which NGI’s Chris Lenton, senior editor of Mexico and Latin America, sits down with Rosanety Barrios, who heads the energy team for Mexican presidential candidate Xóchitl Gálvez.  Barrios details how Mexico’s energy sector, including state companies Comisión Federal de Electricidad (CFE)…

March 21, 2024
Mexico Presidential Hopeful Gálvez Looking to Transform Nation’s Energy Sector

Mexico Presidential Hopeful Gálvez Looking to Transform Nation’s Energy Sector

Opposition candidate Xóchitl Gálvez promises to shake up Mexico’s energy sector if she wins the elections in June. Gálvez would respect the laws of competition as enshrined in the constitution, promote the domestic production of natural gas and renewable energy and work to develop a regional energy strategy, Rosanety Barrios, the head of her energy…

March 20, 2024
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column

With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – 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. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…

March 15, 2024
Argentina’s YPF Aiming to Become ‘Global LNG Player,’ Says New CEO

Argentina’s YPF Aiming to Become ‘Global LNG Player,’ Says New CEO

Argentina’s 51% state-owned oil and gas company YPF SA is aiming to sanction a large-scale LNG export project by mid-2025, with the first 1-2 million metric tons/year (mmty) of liquefaction capacity online by 2027, the firm’s new management said.  “Our goal is to become a global LNG player through the massive monetization of our shale…

March 11, 2024