NGI Mexico GPI

New natural gas builds are central in the electricity plans of Mexico’s government as it seeks to enhance the role of state utility Comisión Federal de Electricidad (CFE) in power production and dispatch. According to the country’s recently released 2020-2034 Prodesen power sector development plan, “the development of electric power capacity between 2020 and 2034…

Big change in weather models boosts Nymex futures Production freeze-offs likely as cold seen through mid-February Double dose of bitter cold drives cash prices higher A major shift colder in long-range weather outlooks sparked a massive rebound in natural gas futures on Monday. With the double shot of polar air setting up sustained strong demand…

Mexico natural gas prices in December hit their highest level in 22 months, averaging $3.64/MMBtu, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). CRE used 311 transactions reported by 30 marketers to calculate the December index, the highest number of companies ever to report transactions…

Futures faltered for a second-straight day Mixed demand outlooks weighed on markets Cash prices snapped a five-day win streak Natural gas futures flip-flopped between gains and losses early on Friday, as traders weighed fluctuating weather forecasts against renewed strength in U.S. liquefied natural gas (LNG) volumes. Still, futures ultimately finished in the red as the…

“The energy reform sought to create a sector that operated as a market with technical criteria and with long-term investor certainty, and that is being dismantled,” Guillermo Zúñiga, former Commissioner at the Energy Regulatory Commission (CRE) from 2013-2019, told NGI’s Mexico Gas Price Index.  Zúñiga, currently an international attorney at the Earthjustice environmental nonprofit based…

A key weather model pointed to lighter heating demand EIA reported a withdrawal of 128 Bcf from natural gas storage The print was below the midpoint of analysts’ estimates Natural gas futures faltered Thursday following a bearish storage report and a key weather model pointing to lighter heating demand than previously expected, ending a rally.…

Processing facilities in Mexico’s oil and natural gas patch are emitting “exceptionally high levels of methane pollution” at 10 times the rate being reported by the government, according to a new study led by the Environmental Defense Fund (EDF). The study tracked emissions of the potent greenhouse gas across the states of Chiapas, Tabasco, Veracruz…

BREAKING: EIA reports 128 Bcf net withdrawal from storage  Futures extended to three days a winning streak Mid-range outlooks pointed to more freezing conditions Spot prices advances for a fourth-straight day Natural gas futures on Wednesday extended to three days a winning streak built on intensifying winter weather and renewed momentum in U.S. liquefied natural…

The potential for U.S. oil and natural gas infrastructure development remains “significant” through 2025 as the economy recovers from Covid-19 and exports to Mexico and the world increase, according to ICF Resources Inc. In a report prepared for the Interstate Natural Gas Association of America (INGAA), ICF said one scenario used by researchers to evaluate…