NGI Mexico GPI

U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

April 20, 2021
Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Exports to Mexico hit fresh highs Hike because of lower production, strong power burns and industrial demand LNG exports also near record levels Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex…

April 20, 2021
Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.  These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…

April 19, 2021
Lifted by Exports, May Natural Gas Futures Finish Strong

Lifted by Exports, May Natural Gas Futures Finish Strong

LNG feed gas volumes hovered close to 2021 highs Pipeline exports to Mexico also held strong Forecasters are calling for below-average temperatures Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand,…

April 19, 2021
Texas Freeze Demonstrates Need for Further Mexico-U.S. Energy Integration, Expert Says

Texas Freeze Demonstrates Need for Further Mexico-U.S. Energy Integration, Expert Says

Freezing weather in Texas in February and the subsequent energy supply problems on both sides of the U.S.-Mexico border underline a need for greater energy integration between the two countries, Lorena Patterson, senior energy specialist and strategist, told NGI’s Mexico Gas Price Index.   “I would advocate for greater integration between the markets, and more diversification…

April 16, 2021
Markets Embrace Storage Result, May Natural Gas Futures Advance

Markets Embrace Storage Result, May Natural Gas Futures Advance

EIA posted a bullish natural gas storage report Demand for U.S. exports held strong Cash prices extended a weeklong rally amid chilly conditions Natural gas futures prices rebounded Thursday as the government’s weekly inventory report proved bullish, and both weather forecasts and demand for U.S. exports remained favorable. The May Nymex contract settled at $2.658/MMBtu,…

April 16, 2021
Mexico’s Natural Gas Market Grows Amid Lessons from U.S. Experience

Mexico’s Natural Gas Market Grows Amid Lessons from U.S. Experience

Mexico’s natural gas market is still in its early stages and suffers from a lack of competition, but that’s not too far from how things were in the United States when the market started, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on…

April 15, 2021
May Natural Gas Futures Trade Sideways After Early Gains

May Natural Gas Futures Trade Sideways After Early Gains

BREAKING: U.S. EIA reports an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates May Nymex contract settled at $2.618/MMBtu on Wednesday, down just one-tenth of a cent day/day Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed…

April 15, 2021
OPEC Raises Global Oil Demand Forecast as Mexico’s Pemex Set for Modest Production Uptick

OPEC Raises Global Oil Demand Forecast as Mexico’s Pemex Set for Modest Production Uptick

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday formally raised its expectations for global oil demand in 2021, citing expectations for a recovery from the pandemic and stronger economic growth. In its Monthly Oil Market Report (MOMR), the cartel projected demand would rise by 5.95 million b/d this year, a nearly 7% increase…

April 14, 2021
Natural Gas Futures Forge Ahead, Lifted by Export Demand and Favorable Weather

Natural Gas Futures Forge Ahead, Lifted by Export Demand and Favorable Weather

Robust liquefied natural gas volumes boosted sentiment Chilly weather drove stronger heating demand Cash prices climbed as temperatures fell Natural gas futures advanced again Tuesday as robust liquefied natural gas (LNG) levels fueled demand optimism and a dose of chilly weather bolstered cash prices.  The May Nymex contract climbed 5.8 cents day/day and settled at…

April 14, 2021
‹ Previous 1 2 3 199