NGI Mexico GPI

Mexico’s CFE Set to Launch Natural Gas Pipeline Tenders

Mexico’s CFE Set to Launch Natural Gas Pipeline Tenders

Mexican state power utility Comisión Federal de Electricidad (CFE) is seeking private sector firms to build new natural gas infrastructure and utilize capacity on its existing pipelines, executives said Wednesday. Speaking at Industry Exchange LLC’s 7th Mexico Infrastructure Projects Forum in Monterrey, Nuevo León, CFE Internacional (CFEi) operations director Carmen Serdán and CFEnergía operations director…

January 19, 2022
With Production Down and Demand Poised to Mount, February Natural Gas Futures Gain Ground

With Production Down and Demand Poised to Mount, February Natural Gas Futures Gain Ground

Natural gas futures crept higher Tuesday, as traders assessed colder near-term weather patterns, export strength and expectations for increased storage draws against the potential for warmer weather next month. The February Nymex gas futures contract settled at $4.283/MMBtu, up 2.1 cents day/day. March, however, dipped 3.3 cents to $4.048. NGI’s Spot Gas National Avg. dropped…

January 19, 2022
U.S. Energy Secretary Headed To Mexico Amid Tensions Over Proposed Electricity Reform

U.S. Energy Secretary Headed To Mexico Amid Tensions Over Proposed Electricity Reform

Mexican President Andrés Manuel López Obrador said during his daily press conference early Monday he planned to discuss his proposed constitutional electric power reform with U.S. Energy Secretary Jennifer Granholm during a scheduled trip to Mexico City this week. The dates Granholm was expected to be in the country had not been confirmed late Tuesday.…

January 18, 2022
February Natural Gas Futures Trade Sideways Amid Mixed Outlook

February Natural Gas Futures Trade Sideways Amid Mixed Outlook

After forecasts, still offering plenty of frigid January temperatures, saw no major changes over the long weekend, natural gas futures traded slightly higher early Tuesday. The February Nymex contract was up 4.2 cents to $4.304/MMBtu at around 8:55 a.m. ET. At A Glance: Cold front looms but may not last into February Further freeze-offs could…

January 18, 2022
Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports

Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports

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. The year 2022 is littered with risk for economic activity in Mexico. The persistence of an inflationary environment, the expectation of meager…

January 14, 2022
Furious February Natural Gas Futures Rally Finally Fizzles

Furious February Natural Gas Futures Rally Finally Fizzles

The price of natural gas for delivery next month nosedived on Thursday as traders took profits after a massive four-day rally. The February Nymex gas futures contract settled at $4.270/MMBtu, down 58.7 cents day/day. March dropped 32.2 cents to $4.005. NGI’s Spot Gas National Avg., in contrast, continued to climb, gaining 89.0 cents to $6.450on…

January 14, 2022
Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

With freezing weather on the horizon throughout much of the United States, including Texas, February natural gas prices at hubs key to Mexico shot up this week. The Henry Hub February contract closed at $4.857/MMBtu on Wednesday, up 60.8 cents on the day and more than  $1 from one week ago. Agua Dulce was up…

January 13, 2022
Anticipated Deep Freeze Sends February Natural Gas Futures to Fresh 2022 High

Anticipated Deep Freeze Sends February Natural Gas Futures to Fresh 2022 High

Natural gas futures surged on Wednesday, extending the first lengthy rally of 2022 to four straight days as forecasts for bitter cold temperatures and lofty heating demand intensified. The February Nymex gas futures contract soared 60.8 cents day/day and settled at $4.857. March jumped 35.9 cents to $4.327. At A Glance: BREAKING: U.S. EIA reported…

January 13, 2022
Latin America’s Importance in Energy Transition Expected to Grow, Says Yergin

Latin America’s Importance in Energy Transition Expected to Grow, Says Yergin

The transition to lower carbon-emitting fuel resources may give Latin America a new economic edge, according to energy expert Daniel Yergin. In a conversation with NGI earlier this month, the vice chairman of IHS Markit and chair of CERAWeek said Latin America may see its fortunes rise as “enormous” amounts of copper and other earth…

January 12, 2022
February Natural Gas Futures Exceed $4 Second Straight Day

February Natural Gas Futures Exceed $4 Second Straight Day

Natural gas futures advanced for a third consecutive session on Tuesday, led higher by mounting levels of U.S. exports, as well as continued expectations for robust domestic demand and increased storage withdrawals. The February Nymex gas futures contract gained 17.0 cents day/day and closed at $4.249/MMBtu. March rose 13.4 cents to $3.968. NGI’s Spot Gas…

January 12, 2022
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