NGI Mexico GPI

The Mexico gas market continues to grow more comfortable using U.S. pricing to transact natural gas, according to the fourth survey of natural gas buyers and sellers in Mexico conducted by NGI’s Mexico GPI. The survey, conducted in late February/early March, received 23 responses from buyers and sellers in Mexico. According to respondents, 64% of…

Forecasts called for light heating demand LNG feed gas volumes tampered off Analysts anticipate a light storage withdrawal Natural gas futures on Tuesday finished in the red for a fifth consecutive session, as traders mulled forecasts for light heating demand, a leveling off of liquefied natural gas (LNG) levels and early expectations for a light…

Mexico’s Petróleos Mexicanos (Pemex) is moving in the opposite direction of fellow Latin American national oil companies (NOCs) by failing to embrace the energy transition and natural gas, according to a panel of experts. While NOCs such as Colombia’s Ecopetrol SA and Brazil’s Petróleo Brasileiro SA (Petrobras) have embraced diversification and environmental, social and governance…

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,…