NGI Mexico GPI

CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

A U.S. subsidiary of Mexico’s state power company Comisión Federal de Electricidad (CFE) posted a 14% year/year increase in pipeline natural gas exports from the United States to Mexico during the second quarter, according to the U.S. Department of Energy. The subsidiary, CFE International LLC (CFEi), exported 298,963 MMcf or 3.3 Bcf/d under short-term contracts…

November 23, 2022
Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 23, 2022
Mexico’s Gas-Rich Lakach, Once Thought Dead, Being Revived as Export Project

Mexico’s Gas-Rich Lakach, Once Thought Dead, Being Revived as Export Project

New Fortress Energy Inc. (NFE) is steaming ahead with another LNG export project in Mexico. On Tuesday, the company said it had finalized a deal with Mexican state oil firm Petróleos Mexicanos (Pemex) to develop and operate a natural gas field and a liquefaction project off the coast of Veracruz. The offshore liquefaction plant at…

November 22, 2022
December Natural Gas Futures Rally on Coming Cold, Eclipse $6.700 Threshold

December Natural Gas Futures Rally on Coming Cold, Eclipse $6.700 Threshold

Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. After shedding 6.6 cents on Friday, the December Nymex gas futures contract surged 47.3 cents day/day and…

November 22, 2022
TC Energy Touts ‘Transformative Year’ in Mexico, Improved Collaboration with CFE

TC Energy Touts ‘Transformative Year’ in Mexico, Improved Collaboration with CFE

TC Energy Corp. is strengthening its commercial ties with Mexico’s largest natural gas consumer and working toward the completion of multiple pipeline projects in the country. The consumer is state power company Comisión Federal de Electricidad (CFE), whose demand averages about 4 Bcf/d, nearly all of which comes from the United States. In a call…

November 21, 2022
Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

As forecasts over the weekend teased a colder Lower 48 pattern during the first week of December, natural gas futures rallied in early trading Monday. The December Nymex contract was up 14.1 cents to $6.444/MMBtu at around 8:45 a.m. ET. January was up 16.5 cents to $6.881. Freeport LNG on Friday announced that it expects…

November 21, 2022
Natural Gas Infrastructure Projects Said Major Growth Opportunity in Mexico

Natural Gas Infrastructure Projects Said Major Growth Opportunity in Mexico

Mexico’s biggest growth opportunities include “natural gas and natural gas processing at the top of the list, including storage and completing the supply chain, such as the development of processing centers for LNG in ports,” Jorge Pedroza, energy director at PwC Mexico, told NGI’s Mexico GPI. “There is a window of opportunity that won’t last…

November 18, 2022
Natural Gas Futures, Cash Prices Push Ahead as Heating Demand Mounts

Natural Gas Futures, Cash Prices Push Ahead as Heating Demand Mounts

Natural gas futures prices flew higher once again on Thursday, rallying a fourth consecutive day on cold weather and mounting demand that pointed to steep storage withdrawals following what analysts expect was the last reported injection of the year. The December Nymex natural gas futures contract settled at $6.369/MMBtu, up 16.9 cents day/day. January climbed…

November 18, 2022
CFE Changes Tack, Enlists International Firms in Demand-Focused Natural Gas Strategy

CFE Changes Tack, Enlists International Firms in Demand-Focused Natural Gas Strategy

Top Mexican officials were in Texas this week laying out their new strategy for natural gas. Speaking on Wednesday at LDC Forums’ annual US-Mexico Natural Gas Forum in San Antonio, CFEnergía head Miguel Reyes said Mexican utility Comisión Federal de Electricidad (CFE) and international firms would now work together to solve natural gas problems. CFEnergía…

November 17, 2022
Natural Gas Futures Climb Third Straight Day on Cold Weather

Natural Gas Futures Climb Third Straight Day on Cold Weather

Natural gas futures edged higher again on Wednesday, extending a rally to three days, as traders ultimately paid more attention to robust heating demand than the protracted shutdown of a key export facility and the likelihood of a relatively robust storage injection. The December Nymex gas futures contract settled at $6.200/MMBtu, up 16.6 cents day/day.…

November 17, 2022
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