NGI Mexico GPI

Mexico’s Comisión Reguladora de Energía (CRE) is losing its independence and failing to carry out its constitutional mandate under the current government, according to a former chairman and two former commissioners of the energy regulator. Created in 1994 under the liberalizing economic reforms of former president Carlos Salinas de Gortari, the CRE performs similar functions…

Expectations for strong near-term cooling needs buoyed gas prices New indications that U.S. exports could recover later in 2020 proved another positive Fallout from the coronavirus remains a major wildcard August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later…

Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) has opened a second bidding for natural gas supply to ensure the Sistrangas pipeline system maintains system balance. Cenagas wants to guarantee “the balance and operation of the system to ensure the continuity of natural gas supply in the country,” it said. The…

Absent other demand catalysts, a modest pullback in the intensity of heat expected by forecasters was enough to push down August natural gas futures Increased spread of the coronavirus in recent weeks has raised concerns about a second economic slump Against that backdrop, worries about meager export levels linger Absent other demand catalysts, a modest…

The Organization of the Petroleum Exporting Countries (OPEC) said last Tuesday it expects Mexico’s liquid hydrocarbons production to stay flat year/year at 1.9 million b/d in 2020 before falling to 1.8 million b/d in 2021 because of the natural decline of oilfields operated by national oil company Petróleos Mexicanos (Pemex). Although the government has pledged…

Worry about coronavirus fallout and weak liquefied natural gas exports weighed on markets Friday The potential for premature production increases permeated markets Forecasters continue to call for above-normal July heat and strong cooling demand Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining…

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…

Sourced with Permian Basin crude oil, Buckeye Partners LP on Thursday loaded the first vessel for export at its new South Texas Gateway (STG) terminal in Ingleside, TX. The start of operations at the terminal, located at the mouth of the Corpus Christi Ship Channel, follows first deliveries of crude in June from one of…

A coronavirus resurgence and the potential for it to keep liquefied natural gas exports at depressed levels weighed on markets The U.S. Energy Information Administration reported an injection of 45 Bcf, below the average estimates of major polls Spot prices advanced amid continued strong summer heat A favorable storage report was overshadowed on Thursday by…