NGI Mexico GPI

“Companies that have joined the Mexican Hydrogen Association consider that there is large potential for green hydrogen development in Mexico, particularly given the country’s geographic location and access to abundant renewable energy sources,” Israel Hurtado, president of the Mexican Hydrogen Association, told NGI’s Mexico Gas Price Index. “Members of the industry are looking at green hydrogen…

A very tight government inventory report sparked an initial rebound in natural gas futures on Thursday. But it was heat seen through the first full week of July and some technical drivers that sent futures surging later in the session. The July Nymex gas futures contract shot up 8.5 cents to settle at $3.418. August…

Mexico natural gas prices jumped to $3.74/MMBtu in May compared to April prices of $3.38 and year-ago prices of $2.37, according to the latest IPGN monthly index published by the Comisión Reguladora de Energía (CRE). The May prices were the highest monthly prices reported in Mexico in the last 12 months, with the exception of…

Natural gas futures roared back midweek as export demand rose sharply following maintenance and production dipped lower for the second straight day. The July Nymex gas futures contract surged 7.5 cents day/day to $3.333. The August contract picked up 7.5 cents to $3.352. Spot gas increases also became more widespread ahead of warmer weather on…

As major economies across the globe emerge from the doldrums of the pandemic and travel surges, oil prices could further spike and reach $100/bbl by next year, according to the most bullish Wall Street forecast yet this year. It could also mark the final surge in oil prices, however, as pressure intensifies on energy companies…

The changes in supply and demand that brought natural gas futures down a few notches to start the week provided some uplift to the market on Tuesday. A large decline in production, though likely temporary, along with a warmer turn in the latest weather models sent the July Nymex gas futures contract up 6.7 cents…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…

Mexico’s CFE International (CFEi) slipped three spots quarter/quarter in NGI’s Top North American Natural Gas Marketers rankings for 1Q2021, which ranks marketers by sales volumes. CFEi, the fuel importing and marketing arm of state power utility Comisión Federal de Electricidad (CFE), ranked 15th at 3.31 Bcf/d, versus 12th at 3.32 Bcf/d in 4Q2020. Since Mexico’s…