NGI Mexico GPI

As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the party. “At a federal level, nothing is really happening,” Mexico energy expert Gonzalo Monroy told NGI’s Mexico GPI, “but there are initiatives at the local level.” One of those initiatives was the formal launch…

BREAKING: U.S. EIA reports an on-target 20 Bcf injection into storage inventories for the week ending April 2 Nymex natural gas holds onto early gains as power burns strengthen California snowpack levels well below-average Natural gas futures managed to hold onto early gains midweek despite little change in fundamentals. The May Nymex gas futures contract…

Mexican state oil company Petróleos Mexicanos (Pemex) is forecasting a base-case scenario increase of natural gas production to 4.19 Bcf/d in 2021 from 3.64 Bcf/d realized in 2020, according to its newly released 2021-2025 business plan. For 2022, Pemex sees production reaching 4.39 Bcf/d before dropping to 4.1 Bcf/d in 2023 and 3.94 Bcf/d in…

May Nymex prices off another nickel despite slightly cooler forecast LNG still strong, but little further upside Cash recovers a bit; pipeline maintenance kicks into gear The perfect storm of factors that led to Monday’s dramatic sell-off along the Nymex natural gas futures curve reversed course on Tuesday, prompting a modest rebound in prices. However,…

Mexico is expected to see record imports of piped natural gas from the United States this summer as the economy recovers from the impacts of the coronavirus. Energy Aspects analysts forecast cross-border flows from the United States to Mexico this summer would average 6.3 Bcf/d, up 800 MMcf/d year/year, as demand rebounds on Mexico’s national…

Warmer April weather forecasts deliver blow to natural gas futures LNG still strong, but bullish bets sliding Cash slips again on light demand Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than…

Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects in Mexico and along the U.S. Gulf Coast as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay  $3.37 billion for a 20% non-controlling…

Nymex natural gas futures in freefall, flirting with $2.50 Weather models turn sharply warmer Cash slides amid light Easter weekend demand A notable drop in weather-driven demand expectations over the Easter holiday weekend helped send natural gas futures tumbling early Monday. The May Nymex contract was down about 15.0 cents at midday, trading just shy…

Mexico needs to develop a fiscal framework for natural gas storage, Chairman David Goldwyn of the Atlantic Council Global Energy Center’s Energy Advisory Board told NGI’s Mexico Gas Price Index. “I think the first thing you need is a fiscal framework which compensates people for building and having storage. And so that means you’ve got…