NGI Mexico GPI

Mexico’s lower congressional house in the wee hours of Wednesday morning approved a controversial bill that would upend the rules governing the electric power sector, giving generation assets owned by state-owned Comisión Federal de Electricidad (CFE) priority in the dispatch order over private sector generators. The chamber approved the bill to modify Mexico’s bedrock electricity…

Natural gas futures slip on increasing supply, warm outlook Storage draw expectations well over 300 Bcf, second largest on record Cash prices mixed on moderate temperatures this week Natural gas futures slipped deeper into the red on Tuesday as supply ramped up following last week’s historic winter storm. Weather models also continued to favor a…

TC Energy Corp. expects to complete construction of the 886 MMcf/d Tula-Villa de Reyes pipeline in Mexico during 2021. The construction timetable is subject to the “timely reopening of government agencies,” executives said last Thursday during a fourth quarter earnings call. Executives cited the coronavirus as impacting the project. Upon completion, TC plans to phase-in…

Natural gas futures continue to retreat on post-storm recovery Production, LNG still well off pre-freeze levels Cash prices fall further; most locations back below $3 Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models…

The recent deep freeze and ensuing energy shortfalls across Texas and Mexico underscore the latter’s need for underground natural gas storage, according to Infraestructura Energética Nova (IEnova) CEO Tania Ortiz Mena. Ortiz addressed the issue on Friday during a fourth-quarter earnings conference call for the Mexico unit of San Diego, CA-based Sempra Energy. IEnova develops,…

March futures slip as weather models lack clarity on additional cold Storage seen rapidly falling to sharp deficits in the coming weeks Cash prices return to more normal levels as temperatures warm Natural gas futures were down sharply in early trading Monday, pressured by a warmer weather outlook and production coming back online following last…

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…

ERCOT restores power to most of Texas Gas impacts still prevalent Storage overhang still intact as EIA data disappoints Despite the lack of clarity on the long-term impacts from this week’s Arctic storm, news that power had been restored to most Texas residents on Thursday and warmer weather seen moving into the Lower 48 by…

Despite a Wednesday evening order from Texas Gov. Abbott to prioritize in-state consumption, natural gas continued to flow from Texas to Mexico Thursday, albeit at reduced levels. Scheduled deliveries of piped gas to Mexico from Texas hit 1.6 Bcf/d Thursday, up from 1.3 Bcf/d on Wednesday and 1.1 Bcf/d on Tuesday. Typical export volumes from…