Mexico

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which the fundamentals impacting the Mexican natural gas market are explored. In this latest podcast, NGI’s Mexico Gas Price Index Senior Editor Christopher Lenton speaks to renowned Mexico energy expert Gonzalo Monroy about the hottest topics impacting the natural gas…

NGI’s Spot Gas National Avg. advanced 10.5 cents to $3.525, led higher by strong demand in the West. Prior to Thursday, the prompt month had declined each of the two previous sessions along with a retreat in global commodities. The August contract held in negative territory early Thursday as well, but it soared after the…

Imports of natural gas from the United States continue to dominate Mexico’s natural gas supply, but they have dropped slightly this month on lower demand. To date this month, Wood Mackenzie reported that Mexico imports from the United States were 6.7 Bcf/d, 2% lower than in June. NGI calculations had the 10-day average through Thursday…

Natural gas futures on Wednesday dropped lower, following a decline the previous day, as traders mulled weather-driven demand, stagnated liquefied natural gas (LNG) levels, and the potential storage injection with the federal government’s pending report Thursday morning.  The August Nymex contract fell 4.1 cents day/day and settled at $3.596/MMBtu. September shed 3.4 cents to $3.574.…

Recently and soon-to-be completed infrastructure will allow natural gas imports to Mexico from the United States to grow by an estimated 10% over the 2020-2024 period, the International Energy Agency (IEA) said Monday. Gas flows via pipeline to Mexico swelled by 45% between 2016 and 2020, and rose 15% year/year during the first half of…

Natural gas futures on Tuesday dipped lower, as traders took profits and mulled the possibility of eased near-term weather-driven demand following a punishing heat wave that permeated much of the country in late June and early this month.  The August Nymex contract shed 6.3 cents day/day and settled at $3.637/MMBtu. The prompt month had advanced…

Supported by sustained hotter-than-normal temperatures in the forecast, natural gas futures probed slightly higher in early trading Tuesday. The August Nymex contract was up 1.1 cents to $3.711/MMBtu at around 8:50 a.m. ET. The lack of clarity on the duration of a production disruption in the Northeast continued to cause some fireworks in the natural…

Mexico’s state oil company Petróleos Mexicanos (Pemex) said an investigation is underway following a fire last Friday (July 2) near one of its Gulf of Mexico (GOM) platforms in the Ku, Maloob and Zaap (KMZ) megafield. Images of the eye-shaped fire went viral on social media as ships dowsing water on the flames appeared to…

Sempra executives on Tuesday (June 29) said bringing the initial phase of the Energía Costa Azul (ECA) liquefied natural gas (LNG) project online in Baja California, Mexico was a top priority, but also said they are already looking at ways to lower the cost of a planned expansion.  “It’s an optimization game,” Sempra LNG CEO…