NGI Mexico GPI

Continuity of Mexico’s Energy Reform at Risk as AMLO Doubles Down on Threats

Continuity of Mexico’s Energy Reform at Risk as AMLO Doubles Down on Threats

Mexico President Andrés Manuel López Obrador has sent a memorandum to energy sector regulators underlining his government’s commitment to undo changes made during the previous administration while continuing to strengthen state oil company Petróleos Mexicanos (Pemex) and state utility Comisión Federal de Electricidad (CFE).  The eight-page memorandum, reviewed by NGI’s Mexico GPI, was dated July…

August 4, 2020
Natural Gas Futures Explode Higher as Technical Trading Comes into Play

Natural Gas Futures Explode Higher as Technical Trading Comes into Play

September Nymex natural gas futures post stunning 30-cent rally Weather forecasts flip back hotter, while LNG demand climbs Cash strengthens despite cooler weather this week In a shocking move that appears to be based on more than pure fundamentals, natural gas futures surged as much as 35.5 cents on Monday, busting out of their previous…

August 4, 2020
Mexico Natural Gas Prices, Production Fall in June as Pipeline Imports Rise

Mexico Natural Gas Prices, Production Fall in June as Pipeline Imports Rise

Natural gas prices in Mexico averaged $2.33/MMBtu in June, versus $2.78/MMBtu in June 2019, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). Marketers transacted 5.88 Bcf/d of the molecule, compared to 7.37 Bcf/d in the year-ago month, CRE data show. CRE used 255 transactions from…

August 3, 2020
Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Temperatures in many parts of the Lower 48 are expected to cool down in the coming week Hurricane Isaias could further weaken energy demand Continued spread of the coronavirus dampened sources of demand outside of weather   September natural gas futures on Friday declined for a second day in a row as summer heat was…

August 3, 2020
Column: Lozoya Case Can’t Hide Current Failures for Mexico’s Pemex

Column: Lozoya Case Can’t Hide Current Failures for Mexico’s Pemex

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

July 31, 2020
September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

The U.S. EIA reported an injection of 26 Bcf natural gas storage for the week ending July 24 Forecasts shifted further cooler for early August Concerns simmered about liquefied natural gas exports September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as…

July 31, 2020
TC Energy Pushes Back Tula-Villa de Reyes In-Service Date to 2021

TC Energy Pushes Back Tula-Villa de Reyes In-Service Date to 2021

TC Energy Corp. expects the phased entrance into service of the 886 MMcf/d Tula-Villa de Reyes pipeline in Mexico to occur in the first half of 2021. The delayed pipeline has been further held back by coronavirus contingency measures, which have impeded granting work authorizations because of administrative closures, executives said Thursday during a second…

July 30, 2020
With Light Storage Injection Expected and Mexican Exports Strong, August Natural Gas Futures Extend Upward March

With Light Storage Injection Expected and Mexican Exports Strong, August Natural Gas Futures Extend Upward March

BREAKING: U.S. EIA reports injection of 26 Bcf into storage for week ending July 24, slightly above expectations U.S. pipeline supply to Mexico reached record highs in July August natural gas futures climbed higher for a second consecutive day as storage capacity concerns eased and traders adjusted positions ahead of the September contract becoming the…

July 30, 2020
Surging Texas-Mexico Natural Gas Exports Set For Continued Gains as Permian Production Rebounds

Surging Texas-Mexico Natural Gas Exports Set For Continued Gains as Permian Production Rebounds

Natural gas exports from West Texas to Mexico could average up to 1.5 Bcf/d throughout the second half of 2020 and 2021, driven by the completion of new infrastructure south of the border, according to a new analysis by Rystad Energy. Fermaca’s Villa de Reyes-Aguascaliente-Guadalajara (VAG) pipeline began operations in June, marking the completion of…

July 29, 2020
August Natural Gas Futures Rebound Following Reports of Record Mexican Demand for U.S. Exports

August Natural Gas Futures Rebound Following Reports of Record Mexican Demand for U.S. Exports

U.S. pipeline supply to Mexico surging to record highs During the July 20-24 period, the United States exported nearly 6.4 Bcf/d to Mexico Spot prices advanced, led by jumps in California and West Texas August natural gas futures rebounded Tuesday amid news of continued robust exports to Mexico and a varied weather outlook that anticipates…

July 29, 2020
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