NGI Mexico GPI

Futures tumbled for a fourth straight day Traders continued to mull a bearish storage report Weak weather demand weighed on cash prices Natural gas futures on Monday tumbled for a fourth straight day amid mild weather, demand uncertainty and steady production. The April Nymex contract settled at $2.664/MMBtu, down 3.7 cents day/day. May fell 4.1…

There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis from Washington, DC think tank Center for Strategic and International Studies (CSIS). “The next four years present a once-in-a-generation opportunity for the…

LNG export levels on Friday topped 11 Bcf A bearish storage report added to uncertainty Cash prices fell as temperatures rose Natural gas futures drifted lower for a third consecutive session on Friday as mild fall weather and a heaping of uncertainty created by an exceptionally bearish government inventory report countered optimism about export momentum…

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…

LNG export volumes exceeded 11 Bcf Production recovered to the 90 Bcf level Weak heating demand dragged down spot prices A surprisingly anemic storage withdrawal caught markets off guard on Thursday, fueling bearish demand sentiment and driving natural gas futures lower despite robust liquefied natural gas (LNG) levels. The April Nymex contract dropped 7.0 cents…

Talk of the energy transition dominated this week’s CERAWeek by IHS Markit, with Latin America’s national oil companies (NOC), which have long served as key sources of revenue for their governments, part of the discussion. The consensus is oil and gas will remain relevant for decades as energy use intensifies across rapidly developing economies. However,…

Mexico’s president and the CEO of its state oil company Petróleos Mexicanos (Pemex) said Wednesday that the terms of an ethane supply contract between Pemex and petrochemicals firm Braskem Idesa (BI) have been amended. The changes would benefit Pemex, said President Andrés Manuel López Obrador and Pemex CEO Octavio Romero Oropeza, although BI had yet…

Mid-range weather outlooks tilted cooler LNG export levels held up Cash prices dropped in the Northeast Natural gas futures rallied on Tuesday, climbing on liquefied natural gas (LNG) export momentum and hints of increased heating demand in mid-March. The April Nymex contract climbed 6.2 cents day/day and settled at $2.839/MMBtu, building upon a modest gain…

Natural gas pipeline flows from the United States to Mexico averaged 5.3 Bcf/d in February, roughly 380 MMcf/d lower month/month (m/m) and 100 MMcf/d higher year/year (y/y), according to preliminary figures from Wood Mackenzie.  Liquified natural gas (LNG) sendout from Mexico’s Altamira, Manzanillo and Energía Costa Azul import terminals averaged 263 MMcf/d, about 240 MMcf/d…