NGI Mexico GPI

Natural gas futures rallied for a fourth straight session on Wednesday, supported by waning production and forecasts for intensifying heat in the second half of this month. The July Nymex gas futures contract gained 6.7 cents day/day and closed at $2.329/MMBtu. August rose 5.2 cents to $2.433. NGI’s Spot Gas National Avg. gained 6.5 cents…

Mexico must develop its own natural gas reserves in order to avoid overreliance on U.S. imports and secure its future as an LNG exporter, according to Jaguar Exploración y Producción CEO Warren Levy. Jaguar is the largest onshore acreage holder in Mexico other than state oil company Petróleos Mexicanos (Pemex), and “one of the few…

After back-to-back gains fueled by bullish weather forecasts, natural gas futures extended the rally to three sessions on Tuesday. The July Nymex gas futures contract settled at $2.262/MMBtu, up 1.7 cents day/day. August rose 1.5 cents to $2.381. NGI’s Spot Gas National Avg. gained 4.0 cents to $1.940. National Weather Service (NWS) data on Tuesday…

Mexico’s natural gas production is poised to continue growing, according to one of the nation’s top energy authorities. Speaking at the Mexico Gas Summit in San Antonio, TX, on Tuesday, Comisión Nacional de Hidrocarburos (CNH) Commissioner Hector Moreria said the “the outlook for the sector is very positive.” Moreira said that private sector investment in…

Natural gas futures rallied on Monday as production slipped, expectations for strong cooling demand increased and a cut to global oil supplies created potential support for LNG prices. Coming off a 1.4-cent gain Friday, the July Nymex gas futures contract gained 7.3 cents day/day and settled at $2.245/MMBtu to start the new trading week. August…

New Fortress Energy Inc. (NFE) said last week it has obtained an export permit from Mexico’s energy ministry Sener for the offshore Altamira Fast LNG project.  The permit allows NFE to export up to 7.8 million metric tons of liquefied natural gas through April 2028, “providing ample capacity to support the operations” of the 1.4…

With weather models trending hotter over the weekend to strengthen the cooling demand outlook for the second half of June, natural gas futures surged in early trading Monday. The July Nymex contract was up 12.6 cents to $2.298/MMBtu at around 8:40 a.m. ET. Lackluster cooling demand to open the month has left the market impatient…

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. A recent investment agreement between steel giant ArcelorMittal SA and the Sistrangas pipeline operator Cenagas is big news in the Mexican natural…

Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. NGI’s Spot Gas National Avg. shed 39.5…