NGI Mexico GPI

Mexico Supreme Court Upholds Competition Principles in Power Sector Dispute

Mexico Supreme Court Upholds Competition Principles in Power Sector Dispute

The suspension in late June by Mexico’s Supreme Court of new power sector rules imposed by the energy ministry marked a rare victory for proponents of competition in the country’s energy industry, analysts said. The controversial rulemaking, dubbed the Policy of Reliability, Safety, Continuity and Quality in the National Electric System, halted preoperative tests for…

July 2, 2020
August Natural Gas Futures Tumble on Lower LNG Feed Gas Volumes

August Natural Gas Futures Tumble on Lower LNG Feed Gas Volumes

BREAKING: U.S. EIA reports injection of 65 Bcf for the week ending June 26 LNG feed gas demand was down notably Wednesday Forecasts continued to call for strong heat through mid-July Markets will next turn to Thursday’s storage report Natural gas futures lost momentum Wednesday following two days of solid gains, after a disappointing drop…

July 2, 2020
USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

Officials in Mexico celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after years of negotiations.  “This is going to be one of the motors of the relaunch of the Mexican economy,” Mexican Finance Minister Arturo Herrera said in a virtual address.…

July 1, 2020
August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

Natural gas futures posted another solid advance as optimism intensified that summer heat will drive strong energy demand A day earlier the prompt month surged 16.5 cents Forecasts call for strong heat through mid-July across most of the Lower 48 Natural gas futures posted another solid advance Tuesday as optimism intensified that summer heat will…

July 1, 2020
Mexico Energy Regulator Reportedly Lays Off 40% of Workforce Amid Pandemic, Sector Upheaval

Mexico Energy Regulator Reportedly Lays Off 40% of Workforce Amid Pandemic, Sector Upheaval

Mexico’s Comisión Reguladora de Energía (CRE) on Tuesday informed employees of mass layoffs effective immediately, with the natural gas regulation segment hit especially hard, a former employee confirmed to NGI’s Mexico GPI. The former employee, who asked to remain anonymous, said an estimated 200 staffers, or about 40% of CRE’s workforce, were told to return…

June 30, 2020
With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

New outlook for more extreme heat fueled optimism about seasonally stronger energy demand Monday’s gain marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low before moving off the board  Spot prices surged Monday Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for…

June 30, 2020
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