Regulatory and policy changes in Mexico have dented investor confidence in the energy sector, according to a recent U.S. State Department report on the investment climate in the country. The report cites moves that favor state firms Petróleos Mexicanos (Pemex) and Comisión Federal de Electricidad (CFE). “The changes have led private companies to file lawsuits…
Topic / NGI Mexico GPI
SubscribeNGI Mexico GPI
Articles from NGI Mexico GPI
Natural Gas Futures Give Up Ground as October Contract Rolls Off
Natural gas futures dipped lower Monday after posting a double-digit decline to close out the prior week Liquefied natural gas levels declined, adding pressure Cash prices ticked up along with near-term heat in the West and a rebound in the Northeast Natural gas futures dipped even lower Monday after posting a double-digit decline to close…
Mexico Natural Gas Imports Touch Historic High in September Despite Pandemic
Pipeline natural gas flows from the United States to Mexico have averaged an estimated 6.2 Bcf/d so far in September, up from 5.5 Bcf/d in full-month September 2019, according to Genscape inc. “Barring backward revisions from any of the major pipelines we monitor, this figure already sets a new historical record in monthly volumes,” Genscape’s…
Natural Gas Futures Lose Steam After Robust Rally
Futures lost ground amid profit taking after skyrocketing the two prior days Liquefied natural gas volumes continued to improve Forecasts called for a cold shot that could jumpstart heating demand Natural gas futures on Friday gave up ground amid profit-taking after skyrocketing over the two prior trading days, when liquefied natural gas (LNG) volumes improved…
Q&A with Rajan Vig on Mexico’s Natural Gas Market Development
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market. This 40th Q&A in the series is with Rajan Vig, founder of Indimex Group, a Mexico City-headquartered oil…
Light Storage Build Bolsters October Natural Gas Futures
The U.S. Energy Information Administration reported an injection of 66 Bcf The result was lower than expected and helped sustain a rally LNG volumes ticked back up to 6.0 Bcf Natural gas futures soared for a second consecutive day on Thursday after a light storage build provided a positive surprise and liquified natural gas (LNG)…
Amid Regulatory Upheaval, AMLO Says Pemex, CFE Strengthening Won’t Violate Existing Laws
Mexico President Andrés Manuel López Obrador said during his Thursday morning press conference his government would continue to respect oil and gas laws and existing contracts in the country. He added, however, that if he were somehow unable to “rescue” national oil company Petróleos Mexicanos (Pemex) and state electricity firm Comisión Federal de Electricidad (CFE),…
Natural Gas Futures Rally as Demand Outlook Improves
BREAKING: U.S. EIA reports an injection of 66 Bcf into storage for week ending Sept. 18, comfortably below the low end of analyst estimates Futures rebounded after a steep slump earlier in the week Weather forecasts pointed to stronger demand Natural gas futures on Wednesday rebounded in force after a steep slump earlier in the…
Mexico Energy Regulators Said to Endorse AMLO Directive Favoring Pemex, CFE
Energy regulatory officials in Mexico reportedly agreed on Tuesday to follow a directive from President Andrés Manuel López Obrador to align regulations and permitting with his goal of strengthening state-owned oil company Petróleos Mexicanos (Pemex) and power company Comisión Federal de Electricidad (CFE). The news, which was first reported by local outlet Expansión, sent shockwaves…
October Natural Gas Futures Flat As LNG Falls
Feed gas flows to U.S. LNG terminals dipped below 4.0 Bcf Expectations for storage surpluses came into sharper focus The Atlantic hurricane season continued to complicate supply and demand Natural gas futures on Tuesday effectively punctuated the steep losses posted a day earlier, as markets absorbed news of lower liquefied natural gas (LNG) levels and…