NGI Mexico GPI

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…

Natural gas futures faltered on Friday as weather forecasts for the week ahead and a storm in the Gulf of Mexico (GOM) presented the specter of demand loss. The overhang of a strange government inventory report and Federal Reserve policymakers’ nod toward higher interest rates also cast shadows over the market at the close of…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Baja California is a very long peninsula, but in economic terms, especially on its southern end, the flow of goods and services…

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

The July Nymex contract on Thursday rose for the seventh time in eight trading sessions to $3.253/MMBtu, up two-tenths of a cent day/day, as temperatures across the United States rose and demand for natural gas across many parts of the world remained strong. “We remain on pace to come close to record hot levels for…

Natural gas futures tumbled early Wednesday, threatening a second day of losses, but prices rebounded in afternoon trading as new data showed production declined, exports climbed and weather forecasts pointed to strong cooling demand in the weeks ahead. The July Nymex contract settled at $3.251/MMBtu, up 1.1 cents day/day. It marked the sixth day of…

Natural gas could help determine whether Mexico can shrink the economic gap between its industrialized north and developing south, according to a new report published by Rice University’s Baker Institute for Public Policy. Through his Program for the Development of the Isthmus of Tehuantepec (PDIT), President Andrés Manuel López Obrador is aiming to succeed where…

After a five-day rally fueled by blistering heat and surging cash prices, natural gas futures faded on Tuesday as export volumes retreated, technical resistance loomed and traders took profits. The July Nymex contract dipped 11.2 cents day/day and settled at $3.240/MMBtu. August slid 11.1 cents to $3.256. NGI’s Spot Gas National Avg. shed 13.5 cents…

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that his government would work toward a constitutional reform in the electric power sector. “We need a reform so that domestic users, and the poor and middle class, don’t pay more for their electricity than big corporations,” he said. The president…