Mexico

Natural gas imports to Mexico from the United States reached unprecedented levels in August, the Energy Information Administration (EIA) reported Thursday.

Leftist Andrés Manuel López Obrador on Saturday was sworn in as Mexico’s president and in a fiery inaugural speech called for a “transformation” of the country to end impunity and fight corruption in the interest of the poor.

After more than a decade of trying, and five months on from a resounding election victory, Andrés Manuel López Obrador (AMLO) was scheduled to be sworn into office in Mexico Saturday (Dec. 1), while turnover of the country’s top energy positions continues.

Mirage Energy Corp. is working to address two of the main impediments to a competitive natural gas market in Mexico: a lack of access to cross-border pipeline capacity for private sector shippers, and a lack of natural gas storage capacity generally.

Mexico’s economy grew 3.6% year-on-year in the third quarter on the back of broad-based growth, including in the industrial sector. The forecast for the year remains steady at 2.1%, according to the Federal Reserve Board of Dallas.

BP plc only began marketing natural gas in Mexico last year, but it already has identified several ways in which it could be more efficient, according to the head of the North America gas marketing and trading arm.

A main energizer of Mexico’s nascent energy reform, Juan Carlos Zepeda, resigned this month as president of the upstream regulator, the Comisión Nacional de Hidrocarburos (CNH), with only five months to go before the end of his second five-year term.

Mexico may not be able to reverse its current trend of declining natural gas output for another four to six years, a period during which gas demand from the power sector is projected to accelerate, according to the latest analysis by OPIS PointLogic.

Mexico’s natural gas market faces multiple short-term challenges, the most urgent of which is a lack of supply to power generators, petrochemical plants, and industrial consumers in the southern and southeastern part of the country, as the state-owned oil and gas producer struggles to increase output.