New regulation over the permitting process involved in the importing and exporting of fuels in Mexico published in the country’s Official Gazette on Dec. 26 could prove harmful to competition in the Mexican energy sector. Mexico’s Comisión Federal de Competencia Económica (Cofece), the federal economic competition commission, published a statement last week warning the rules…
Mexico
Articles from Mexico
Private Sector Upstream Industry in Mexico Said Committed to Developing Nation’s Oil and Gas
Private firms operating in the Mexican upstream oil and gas sector have maintained their commitment to the country despite the impacts of coronavirus and have even upped exploratory activity this year. This is according to a panel of experts who spoke during a virtual event last week organized by the #WeTweetEnergy group, an online community…
Clear Rules Will Boost Mexico Energy Investor Confidence, Veteran Expert Says
“Based on my day-to-day experience dealing with clients and different actors in the energy sector, I think the main concern in the industry is that the rules established for private investment are respected,” said Graciela Álvarez Hoth, CEO of risk management and energy consultancy firm NRGI Broker, who has more than 30 years of experience…
Costa Azul Natural Gas Export Project in Mexico Gathers Steam With Total Signing
France’s Total SE has joined Sempra Energy subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova) in developing Mexico’s first natural gas export project. Total management said Tuesday the company now holds a 16.6% equity share of the Energía Costa Azul (ECA) liquefied natural gas (LNG) project set for Ensenada in Baja California on Mexico’s Pacific…
COLUMN: Cessation of Gas Supply to Etileno XXI Worrying Sign for Energy Industry
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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…
January Natural Gas at $2.50 After Bearish Weather, Storage Data
Speculative traders drive massive sell-off across Nymex futures curve EIA stuns market with miniscule 1 Bcf draw Cash falls deep into red as temperatures start to moderate As if Wednesday’s 10-cent decline wasn’t enough, another warmer shift in the latest weather models sent January natural gas futures into a freefall early Thursday. A huge bearish…
Sempra to Unify U.S., Mexican LNG Subsidiaries
Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…
Mexico’s Residential, Vehicular Natural Gas Segments Remain Largely Untapped, Experts Say
Mexico’s natural gas market presents numerous growth opportunities, including the largely untapped residential and vehicular segments, a panel of experts agreed Friday. The discussion was part of the Encuentro Internacional de Energía México 2020 event organized by Oil & Gas Magazine. Ricardo Ortiz Hernández, a board member of the Asociación Mexicana de Gas Natural (AMGN),…
Window to Develop Mexico Oil & Gas is Now, CNH Commissioner Says
“I think that we still have a window of time to explore and develop our natural riches, but we need to do so now,” said Sergio Pimentel, Commissioner at Mexico’s Comisión Nacional de Hidrocarburos (CNH). “If not, we are leaving these resources in the ground and could be depriving future generations of Mexican citizens of…
MPL Sees ‘Commercial Momentum’ for Second LNG Project on Mexico’s Pacific Coast
Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…