NGI Mexico GPI

Plans to develop a liquefied natural gas (LNG) export facility on Mexico’s west coast are moving steadily forward as the project is garnering more interest from potential offtakers in Asia. Mexico Pacific Ltd. LLC, the Houston-based company developing the project, signed a fifth memorandum of understanding (MOU) with a potential buyer in December, CEO Doug…

The prompt month extends win streak to three days LNG hangs steady along with weather demand Cash prices advance with cool spring air June natural gas futures on Tuesday barely extended a win streak to three days as traders took profits and volume proved light while the prompt month tested technical resistance at the $3.00…

Infraestructura Energética Nova (IEnova) reported growth in volumes and revenue from its natural gas business in Mexico during the first quarter and expects the trend to continue, management said during an earnings call last week. CEO Tania Ortiz Mena told analysts last Thursday that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project…

Weather-driven demand potential increased Demand for U.S. exports of LNG held strong Cash prices advanced ahead of cool shots Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. …

Mexico’s Petróleos Mexicanos (Pemex) reported a steep rise in the flaring and venting of its natural gas in its first quarter earnings call. Natural gas production was 3.70 Bcf/d in the first quarter of 2021, down slightly compared to the 3.71 Bcf/d reported in 1Q2020. But natural gas flaring shot up to 712 MMcf/d, from…

June Nymex recovers early, holds gains as storage deficit seen widening Year/year comparisons extremely favorable for coming months Pipeline maintenance kicks into high gear It took one day, but it appeared to have finally dawned on natural gas futures traders that the latest storage data was bullish after all. Though gains were small on Friday,…

“Most if not all modifications” to Mexico’s Hydrocarbons Law set to come into force would “impact Mexico’s natural gas sector, from exploration and production to midstream to downstream operations,” Ricardo Falcón, Senior Gas Analyst for Mexico at Wood Mackenzie, told NGI’s Mexico Gas Price Index.  “I can foresee some impasses here,” he said in an…

EIA’s 15 Bcf build expands deficit to historical levels Weather seen cooler for next week Cash prices soften, fall hardest on West Coast After a three-day run, natural gas futures screeched to a halt Thursday after the latest round of storage data showed inventories grew more than expected. On the first day in the prompt…

Mexico natural gas prices dropped to $3.61/MMBtu in March after soaring to $21.37/MMBtu in February, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). The prices, however, were higher compared with March 2020, when the CRE reported prices of $2.22/MMBtu. The February prices reflected freezing weather…