NGI Mexico GPI

Increased industrial energy use, coupled with strong ongoing demand for liquefied natural gas (LNG) exports, could more than offset a gradual rise in production and drive U.S. natural gas prices this year well above the level at which they finished a pandemic-plagued 2020, according to industry experts. A similarly bullish outlook can be expected for…

Friday’s decline ended a five-day streak of positive finishes Weather forecasts for late January shifted warmer U.S. LNG volumes were above 11 Bcf and near record levels Natural gas futures faltered on Friday, ending a five-day streak of positive finishes. Traders focused on a shift in weather forecasts that pointed to a potential delay in…

“With more of a push to decarbonize the U.S., combined with more demand from Mexico for natural gas in the short and mid-term, we are going to continue to see increased dependence on U.S. natural gas in Mexico,” Leonardo Beltrán, a seasoned expert in Mexico energy policy, told NGI’s Mexico Gas Price Index.  “The change…

Liquefied natural gas volumes held strong EIA reported a storage withdrawal of 130 Bcf Cash prices advanced, led by hubs in the Northeast Natural gas prices traded sideways much of Thursday before creeping upward and ultimately finishing in positive territory. Traders assessed a storage withdrawal that fell short of expectations against continued strong U.S. liquefied…

Braskem Idesa said Thursday it had partially restored operations at the Etileno XXI polyethylene complex in Mexico’s Veracruz state. In December, Mexico natural gas system operator Cenagas canceled the company’s access to pipeline natural gas supply, forcing Braskem Idesa to shut down Etileno XXI, the largest petrochemicals operation in Latin America.  The Etileno plant uses…

BREAKING: U.S. EIA reported a withdrawal of 130 Bcf from natural gas storage for the week ended Jan. 1 Demand for LNG exports hovered near a record level Production levels declined from a day earlier Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for…

Leaders of Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Tuesday blamed renewable energy and a brush fire for a massive Dec. 28 power outage that took 8,696 MW of electricity offline, causing about one-third of the country to lose power.  Spokesman Luis Bravo Navarro said that while it’s normal for small sections…

Weather models pointed to fresh bouts of cold air over the Midwest and East LNG export levels held strong amid demand from Europe and Asia Cash prices advanced, led by demand in the Midwest and Texas Natural gas prices spiked Tuesday, extending the gain made a day earlier to jumpstart 2021 trading, as weather models…

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…