Mexico

The U.S. Energy Information Administration (EIA) sees natural gas spot prices at Henry Hub averaging $2.78/MMBtu in the second quarter and $3.05 for 2021 overall, a slight upward revision from its forecast last month. According to new research from the U.S. Department of Energy, Mexico paid $2.12/MMBtu on average for U.S. gas in 2020 and…

BREAKING: U.S. EIA reported an injection of 71 Bcf natural gas into storage for the week ended May 7 June Nymex contract settled at $2.969/MMBtu on Wednesday, up 1.4 cents day/day Natural gas futures advanced for a second straight day on Wednesday as production dipped and all indications pointed to continued strong demand for U.S.…

TC Energy Corp. sees Yucatán Peninsula demand and liquefied natural gas (LNG) exports as possible catalysts for expanding its natural gas network in Mexico, said TC’s Stan Chapman, president of U.S. and Mexico natural gas pipelines. During TC’s May 7 conference call to discuss first quarter earnings, Chapman said the firm’s primary focus in Mexico…

With less than four weeks to go before Mexico’s potentially transformative midterm elections, pollsters are still trying to get a clear picture of what to expect. According to the director of public polling at Mexican daily El Financiero, Alejandro Moreno, Mexico remains in a period of “volatility and uncertainty” and a lot can still change…

The American Petroleum Institute (API) on Friday told the Biden administration that unfair treatment of U.S. energy companies by Mexico’s government is worsening and is likely in violation of the U.S.-Mexico-Canada-Agreement (USMCA).  In a letter to cabinet officials, API CEO Mike Sommers alleged an intensifying pattern of nationalist regulatory and legislative reforms under Mexico’s firebrand…

Strong demand on Mexico’s Pacific Coast helped prop up Waha’s May bidweek price, which jumped 31.0 cents month/month to average $2.685. Spurred by new infrastructure and demand on the West Coast, Mexico imports via pipeline from the United States have been unseasonably strong, spiking to a record 7.1 Bcf/d in mid-April. Analysts at Energy Aspects…

Plans to develop a liquefied natural gas (LNG) export facility on Mexico’s west coast are moving steadily forward as the project is garnering more interest from potential offtakers in Asia. Mexico Pacific Ltd. LLC, the Houston-based company developing the project, signed a fifth memorandum of understanding (MOU) with a potential buyer in December, CEO Doug…

Infraestructura Energética Nova (IEnova) reported growth in volumes and revenue from its natural gas business in Mexico during the first quarter and expects the trend to continue, management said during an earnings call last week. CEO Tania Ortiz Mena told analysts last Thursday that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project…

Weather-driven demand potential increased Demand for U.S. exports of LNG held strong Cash prices advanced ahead of cool shots Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. …