Mexico

Spain’s Iberdrola SA has started operations at the 766 MW Topolobampo III natural gas-fired combined cycle plant in Mexico’s Sinaloa state. Iberdrola executives called the power plant a “highly efficient, digitally enabled, combined-cycle power plant, which aims to support Mexico’s renewable-rich grid and further renewable growth in the country.” The plant uses U.S. firm GE…

Experts from Mexico’s energy industry told NGI’s Mexico GPI that they feel optimistic 2024 will bring positive developments to the natural gas sector following several difficult years of uncertainty and unforeseen policy changes. In conversations and exchanges with nine Mexico energy industry experts and leaders in December, the majority expressed cautious or moderate optimism for…

In 10 months, on Oct. 1, 2024, Mexico’s new president will take office, and the six-year term of Andrés Manuel López Obrador will end. Members of the Mexican energy industry told NGI’s Mexico GPI they are hopeful for a change in energy policies that have at times stalled and frustrated the sector during the past…

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.  For the Mexican natural gas market, 2024 promises to be a defining year. Mexico is going to start exporting LNG early in…

Harbour Energy plc joined the dealmaking parade on Thursday, announcing a $11.2 billion “transformational acquisition” of the upstream assets of Germany’s largest natural gas and oil producer, Wintershall Dea AG. Wintershall has gas and oil prospects in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico’s onshore and offshore, and in Norway. Also included in the deal…

Mexico could have a good year in 2024 despite a degree of uncertainty in Latin America, according to analysts at New York City-headquartered political risk consultancy Eurasia Group. The analyst team led by Latin America managing director Daniel Kerner highlighted Mexico President Andrés Manuel López Obrador’s high and stable approval ratings, “based on a solid…

“Investor confidence has to be reestablished through clear policies and mechanisms that are maintained and upheld over an extended period of time,” Sofía Tamayo Gutiérrez, Institutional Relations & Regulatory Affairs director at Kino Energia told NGI’s Mexico GPI. For the incoming government, “I would say: stability and legal certainty, the promotion of renewable energies and…

Mexico President Andrés Manuel López Obrador, or AMLO, is ending his term the way he started it – by lambasting the nation’s regulators and accusing them of being in cahoots with private business interests. On Monday, the president said he would try to push a bill through Congress in his final months that would eliminate…

Mexico and the rest of Latin America are gaining importance on the international natural gas market stage in terms of infrastructure buildout, natural gas demand, and both imports and exports. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season. Kinder Morgan Inc. (KMI): Mexico is building a number of new gas-fired power…