Mexico

Mexico’s national utility Comisión Federal de Electricidad (CFE) through its international marketing subsidiary CFE International LLC (CFEi) has put out a bid for proposals for the supply of natural gas from Texas. CFEi is the U.S.-based entity responsible for procuring natural gas to support power generation and other needs in Mexico. The Mexican state giant…

“Everyone is talking about nearshoring and a key issue to take advantage of this historic opportunity for Mexico is that we’re going to need more electricity, and with it, more natural gas,” Guillermo García Alcocer, former chair of Mexico’s Comisión Reguladora de Energía (CRE) told NGI’s Mexico GPI. “The current electricity matrix is powered some…

North American natural gas futures have enjoyed a positive week, with October rolling off the board on Wednesday at $2.674/MMBtu after four consecutive days of gains. On Thursday, the New York Mercantile Exchange gas futures contract for November on its first day as prompt month settled at $2.942, up 4.3 cents. Healthy LNG demand at…

Boosted by North American projects, TotalEnergies plans to use LNG as one of its key “pillars” as it aims to grow natural gas and oil production by at least 2% annually until the end of the decade. In an outlook presentation as a part of TotalEnergies’ investor day in New York, executives outlined how the…

Pro-business opposition candidate Xóchitl Gálvez of Mexico’s Frente Amplio coalition could give Claudia Sheinbaum of the ruling Morena party a run for her money in the country’s 2024 presidential election, according to Rice University’s Tony Payan. Payan, who directs the Center for the United States and Mexico at Rice’s Baker Institute for Public Policy, broke…

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. As Mexico prepares for its presidential elections next June, it is no exaggeration to say that the nation is at a crossroads…

Bulls took the upper hand on Monday and Tuesday in the North American natural gas market, but stronger supply and mild temperatures gave bears the advantage on Wednesday and Thursday. On Thursday, the October New York Mercantile Exchange gas futures contract fell 12.3 cents day/day and settled at $2.610/MMBtu. November shed 8.1 cents to $2.840.…

“Bid rounds, including farmouts, can bring new investment, new ideas and new technology while creating diversity in energy resources and supply options. Of course, it is Mexico’s full right to develop its energy resources as it chooses,” Chris Sladen, a decorated executive of the international energy industry, told NGI’s Mexico GPI. “I also think there…

Even in the late stages of his administration, Mexico’s President Andrés Manuel López Obrador is sticking to his state-centric energy policy that has rattled many private firms in the sector. In his penultimate state-of-the-union address to the nation last week, he said the program of “expanding the Comisión Federal de Electricidad (CFE) includes the construction…