NGI Mexico GPI

Current Mexico Energy Policy Harmful to Private Investment, Former CRE Commissioner Says

Current Mexico Energy Policy Harmful to Private Investment, Former CRE Commissioner Says

“We are effectively seeing this administration block the participation of private industry in the energy sector across all segments,” Montserrat Ramiro, former Commissioner at Mexico’s Comisión Reguladora de Energia (CRE), told NGI’s Mexico Gas Price Index. “Apparently they think the optimal outcome is total control of the market by state-owned companies. Moreover, they think markets…

January 22, 2021
February Natural Gas Futures Fail to Find Footing, Fall for Third Consecutive Day

February Natural Gas Futures Fail to Find Footing, Fall for Third Consecutive Day

BREAKING: U.S. EIA on Friday reported a withdrawal of 187 Bcf from natural gas storage for the week ending Jan. 15 LNG feed gas levels dropped lower Cash prices were flat following two steep drops For a third-straight day, Natural gas futures gave up ground, with warmer weather outlooks outshining expectations for a steep storage…

January 22, 2021
Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Fermaca’s crossborder Wahalajara pipeline system connecting the prolific Permian Basin to the city of Guadalajara and connections is driving energy demand in Mexico’s central-western region and turning the Waha hub in West Texas into a pricing point in Mexican natural gas transactions. That’s according to Santa Fe Gas LLC’s Santiago Garcia, who is CEO of…

January 21, 2021
Weather Worries Hamper February Natural Gas Futures

Weather Worries Hamper February Natural Gas Futures

Natural gas futures fell for a second consecutive day Expectations for strong weather-driven demand dwindled Cash prices dropped as mild temperatures persisted Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in…

January 21, 2021
Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico’s natural gas market has made tremendous strides in recent years, but more connectivity and independent price indexes are needed, according to some of the country’s most important pipeline operators and trading houses. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed the state of the Mexican market with a group of experts…

January 20, 2021
Warmer Forecasts Chill February Natural Gas Futures; Cash Prices Drop

Warmer Forecasts Chill February Natural Gas Futures; Cash Prices Drop

Expectations eased for a widespread winter freeze  LNG volumes were solid, but lower than January highs Spot prices sputtered amid mild temperatures Natural gas futures plunged on Tuesday after forecasts over the holiday weekend trended warmer for late January and early next month, diminishing prior expectations for a widespread winter freeze that would fuel robust…

January 20, 2021
Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector

Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector

Members of the outgoing administration of President Trump have sent a letter to Mexican counterparts, including Energy Minister Rocío Nahle, admonishing regulatory changes they said are damaging Mexico’s investment climate. The letter, signed last week by U.S. Secretary of State Michael Pompeo, Energy Secretary Dan Brouillette and Commerce Secretary Wilbur Ross indicated that recent government…

January 19, 2021
Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecasts shifted to expectations for a severe winter chill Demand for U.S. LNG exports continued to boost sentiment Spot gas prices finished the week strong Weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5…

January 19, 2021
COLUMN: 2021 to See More Natural Gas Imports, Political Risk in Mexico

COLUMN: 2021 to See More Natural Gas Imports, Political Risk in Mexico

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…

January 15, 2021
Despite Steep Storage Pull, February Natural Gas Futures Drop Lower

Despite Steep Storage Pull, February Natural Gas Futures Drop Lower

Markets fixated on shifting weather patterns EIA reported a withdrawal of 134 Bcf from natural gas storage U.S. LNG volumes held steady on strong Asian demand In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage…

January 15, 2021
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