NGI Mexico GPI

Crude oil export volumes and revenues for Mexican state oil company Petróleos Mexicanos (Pemex) fell sharply on both a sequential and year/year (y/y) basis in February.

Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.

CFEnergía, the gas marketing arm of Mexican utility Comision Federal de Electricidad (CFE), has issued a call to acquire aeroderivative mobile gas turbine units with a minimum combined power capacity of 108 MW for Baja California Sur.

CFEnergía, the gas marketing arm of Mexican utility Comision Federal de Electricidad (CFE), has issued a call to acquire aeroderivative mobile gas turbine units with a minimum combined power capacity of 108 MW for Baja California Sur.

A larger-than-expected inventory draw failed to inject any bullishness into the natural gas futures market Thursday as traders and analysts continued to mull the potentially profound impacts of the coronavirus on the energy space and beyond. The April Nymex contract fell 2.2 cents to settle at $1.637/MMBtu.

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.

San Diego-based Sempra Energy executives remain confident that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project in Mexico’s Baja California will go ahead as planned despite the need to push back a final investment decision into the second quarter.

With the natural gas market stuck in wait-and-see mode as traders and analysts seek more clarity on the impacts of coronavirus containment measures, futures traded close to even Wednesday. The April Nymex contract added 0.6 cents to settle at $1.659/MMBtu.

Mirroring gains in equities as markets looked to lawmakers for economic relief in the face of the coronavirus pandemic, natural gas futures rallied Tuesday. The April Nymex contract settled at $1.653/MMBtu, up 5.1 cents on the day.