NGI Mexico GPI

Buckling under the weight of a near-relentless run of warmer-than-normal temperatures in the peak of the winter heating season, natural gas prices — both cash and futures — plunged from coast to coast Tuesday. The February Nymex contract unequivocally broke below the $2/MMBtu barrier, dropping 10.8 cents to settle at $1.895. March settled at $1.889, down 9.6 cents on the day.

Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) has announced that it received 11 bids for the supply of natural gas to ensure the Sistrangas pipeline system maintains system balance, eight of which complied with the objectives set out in the tender process.

Buckling under the weight of a near-relentless run of warmer-than-normal temperatures in the peak of the winter heating season, natural gas prices — both cash and futures — plunged from coast to coast Tuesday. The February Nymex contract unequivocally broke below the $2/MMBtu barrier, dropping 10.8 cents to settle at $1.895. March settled at $1.889, down 9.6 cents on the day.

Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) has announced that it received 11 bids for the supply of natural gas to ensure the Sistrangas pipeline system maintains system balance, eight of which complied with the objectives set out in the tender process.

After further milder trends in the forecasts, and with January shaping up to be historically warm, natural gas futures crashed through the $2/MMBtu barrier over the long holiday weekend. At around 8:30 a.m. ET Tuesday, the February Nymex contract was trading at $1.944, off 5.9 cents from Friday’s settle.

The natural gas industry in Mexico needs to work harder to get natural gas to areas that still lack access while doing a better job of promoting the benefits of the fuel, according to a series of experts who spoke last week at Industry Exchange’s 5th Mexico Infrastructure Projects Forum in Monterrey, Mexico.

After further milder trends in the forecasts, and with January shaping up to be historically warm, natural gas futures crashed through the $2/MMBtu barrier over the long holiday weekend. At around 8:30 a.m. ET Tuesday, the February Nymex contract was trading at $1.944, off 5.9 cents from Friday’s settle.

The natural gas industry in Mexico needs to work harder to get natural gas to areas that still lack access while doing a better job of promoting the benefits of the fuel, according to a series of experts who spoke last week at Industry Exchange’s 5th Mexico Infrastructure Projects Forum in Monterrey, Mexico.

New data from European weather model Thursday weakened cold expectations for the final third of January, ushering sellers into a natural gas futures market that had seemed poised for a modest rally. The February Nymex contract fell 4.3 cents to settle at $2.077/MMBtu. March dropped 3.7 cents to $2.046, while April settled at $2.064, down 3.3 cents.