NGI Mexico GPI

Federal judges in Mexico have now suspended the implementation of controversial new legislation in the power sector on both economic and environmental grounds.  Greenpeace Mexico on Tuesday announced it had successfully lobbied for a judicial order suspending, on a provisional basis, implementation of the new rules that were passed by Mexico’s Senate on March 3.…

LNG feed gas volumes hold above 11 Bcf Forecasts call for diminished heating demand Cash prices mixed across Lower 48 Just as a rally started to mount, natural gas futures stumbled on Tuesday and dashed hopes for a three-day winning streak. Strong liquefied natural gas (LNG) levels had propelled the prompt month over the two…

Latin America’s oil and gas producing countries are returning to pre-coronavirus levels of activity after a year of uncertainty and disruption. Last February, just before the coronavirus reached the region, 184 oil and gas rigs were active across Latin America, according to information from oilfield services provider Baker Hughes Co. Drilling activity dipped, then plunged,…

Futures were boosted by continued robust LNG levels European demand for U.S. exports is mounting Cash prices advanced after storms in the West Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May…

Mexico’s CFE Internacional (CFEi) climbed two spots quarter/quarter, to 12th from 14th, in NGI’s 4Q2020 Top North American Natural Gas Marketers rankings. CFEi is the international fuel marketing arm of Mexico’s power utility Comisión Federal de Electricidad (CFE). Through CFEi and its domestic counterpart CFEnergía, CFE has supplanted state oil company Petróleos Mexicanos (Pemex) in…

LNG volumes hovered near record levels Forecasts called for continued soft weather demand Cash prices declined as heating needs faded Natural gas futures on Friday edged higher as robust liquefied natural gas (LNG) levels and a brightening economic picture offset festering worry about weak weather-driven demand heading into the spring shoulder season. The April Nymex…

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…

– EIA reported a modest withdrawal – Forecasts pointed to mild weather, weaker demand – LNG volumes held strong Natural gas futures fell further on Thursday — the 10th decline in the last 12 trading sessions — after a bearish storage report and forecasts that showed continued expectations for moderating heating demand. The April Nymex…

The recent addition of the Agua Dulce pricing location to NGI’s Forward Look offered natural gas buyers in Mexico insight into any lingering concerns related to last month’s energy crisis in Texas. Mexican market players are looking to Agua Dulce forward curves to gain further understanding of key issues in the U.S. gas market going…