Mexico

TransCanada Corp. plans to build a friendly relationship with Mexico’s next government to advance its various natural gas pipeline projects in the next few years, a top executive said late last week.

Fitch Ratings late last month revised its outlook for Mexico, citing, among other things, potential energy policies to be implemented by incoming President-Elect Andrés Manuel López Obrador.

Total SA, which is building out liquefied natural gas (LNG) stakes along the Gulf Coast, has entered a memorandum of understanding (MOU) to help Sempra Energy develop the Cameron, LA, facility, as well as the proposed Energia Costa Azul (ECA) project in Mexico.

The scrapping of a $13 billion airport by Mexico’s next president through a hastily organized referendum in which less than 1% of the population voted is sending shivers through the spines of stakeholders in the country’s recently liberalized energy sector, with one expert calling it the “canary in the coal mine.”

*Part 2 of 3. Historically low storage inventories are doing battle withsurging unconventional output — raisingthe stakes and uncertainty for bears and bulls heading into the winter. This series lays out a roadmap for what could influence natural gas markets during the upcoming Winter 2018/19 heating season. Part 1 looked at East Coast markets.Part 3 focused on West Coast markets.

A recovery in international crude oil prices and a boost in domestic sales lifted state-owned Petroleos Mexicanos (Pemex) in the third quarter, its final report before a new regime takes office.

The world’s largest steelmaker, ArcelorMittal SA, has signed a five-year, $1 billion natural gas supply contract with CFEnergía, the fuel marketing arm of Mexican state power utility Comisión Federal de Electricidad (CFE).

Chances for Sempra Energy’s management team for Mexico unit Infraestructura Energetica, better known as IEnova, to move forward on a long talked about liquefied natural gas (LNG) export project in the country are “much higher” than they were three months ago, Chairman Carlos Ruíz Sacristán told analysts during a third quarter earnings call on Thursday.

Proposed legislation to move Mexico’s energy regulatory commission (CRE) and national hydrocarbons commission (CNH) into energy ministry Sener “directly contradicts” the constitution and “would go against every best practice in the book,” according to a Sener official.