NGI Mexico GPI

Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Mexico’s next government must improve access to natural gas in the country’s south-southeastern region, according to the Instituto Mexicano para la Competitividad (IMCO) think tank.  Although the region accounts for most of Mexico’s domestic gas production, homes and businesses there lack access to the fuel, leading to higher electricity costs and fewer development opportunities than…

May 20, 2024
Upside Momentum Continuing for Natural Gas Futures After Weekend Break

Upside Momentum Continuing for Natural Gas Futures After Weekend Break

With bullish optimism continuing to build around summer cooling demand potential against a backdrop of leaner daily production numbers, natural gas futures were climbing again in early trading Monday. Coming off a 13.1-cent rally to close out last week’s trading, the June Nymex contract was up another 6.7 cents to $2.693/MMBtu at around 8:40 a.m.…

May 20, 2024
Regulatory Overhaul Said Key to Upgrading Mexican Energy System

Regulatory Overhaul Said Key to Upgrading Mexican Energy System

Improving Mexico’s energy fortunes may be as simple as changing the regulatory environment, experts said Thursday in San Antonio, TX. “Between banks and the capital markets, there is an infinite capacity to finance needs” in Mexico’s natural gas and energy sector, said Société Générale SA’s Adolfo Villareal, Energy Project Finance director of Corporate and Investment…

May 17, 2024
Natural Gas Futures Add to Gains as Market Balances, Cash Varies 

Natural Gas Futures Add to Gains as Market Balances, Cash Varies 

Natural gas futures on Thursday soared amid rising demand and the release of the latest storage data outlining an injection that was a bullish miss against expectations and historical averages. At A Glance: Storage up 70 Bcf Production dips Demand rises The June Nymex gas futures contract backed off the $2.575/MMBtu intraday high and settled…

May 16, 2024
Blackouts in Mexico Sign of Long-Simmering Energy Sector Problems, Experts Say

Blackouts in Mexico Sign of Long-Simmering Energy Sector Problems, Experts Say

Mexico’s recent widespread blackouts serve as a warning in failed policies for the current and incoming governments, but solutions are available, experts said Thursday.  Speaking in San Antonio, TX, at the 10th Mexico Gas Summit organized by Industry Exchange, Grupo Alfa’s Rodolfo Gamboa, vice president for Energy said, “The impending energy crisis that we are…

May 16, 2024
June Natural Gas Futures Climb Following Bullish Miss in Government Storage Data

June Natural Gas Futures Climb Following Bullish Miss in Government Storage Data

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas into storage for the week ended May 10. The result was a miss against expectations and historical averages. The print reflected rising demand and listless production, supporting additional gains in Nymex June natural gas futures. About 30 minutes ahead…

May 16, 2024
Mexico Hydrocarbons Law Said Heightening Private Sector Midstream Risks

Mexico Hydrocarbons Law Said Heightening Private Sector Midstream Risks

A recent ruling by Mexico’s Supreme Court to uphold the constitutionality of the 2021 Hydrocarbons Law could further limit the ability of private companies to obtain regulatory permits and heighten risks of government intervention in midstream and downstream operations, industry experts told NGI’s Mexico GPI.  Last month, the majority of Mexico’s 11 Supreme Court Justices…

May 15, 2024
After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive

After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive

Natural gas futures floundered on Tuesday as traders took profits and ongoing maintenance projects called into question the timing of a full rebound in export demand. At A Glance: Production near 97 Bcf/d Export demand mixed Strong Southern heat Coming off a 12.9 cent jump on Monday and a 5% rally last week, the June…

May 14, 2024
Mexico Power Grid Braces for Long Summer After Blackouts

Mexico Power Grid Braces for Long Summer After Blackouts

Widespread blackouts in early May across 21 of Mexico’s 32 states are a troubling sign ahead of summer months, which is when the nation’s electricity demand peaks, according to three industry experts who spoke with NGI’s Mexico GPI. “I think it’s going to be a spring and summer of constant blackouts. Not daily, but frequently,”…

May 14, 2024
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…

May 14, 2024