NGI Mexico GPI

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched the Consulta Publica 2019 process to gauge current and potential demand for natural gas throughout the country.

Mexico’s weakening economic growth prospects could be additionally hurt by a lack of reliable supply of cheap natural gas and electricity, several experts have warned in recent days.

The new director of Mexico’s Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI), Merlin Cochran, sent a conciliatory message to the government last week by saying that both public and private sector companies were key to the success of the country’s energy sector.

Warm trends in the long-range outlook Monday proved a letdown for a natural gas futures bulls, further easing any lingering concerns over lean end-of-season stockpiles. In the spot market, some spring-like temperatures in the forecast this week inspired declines for much of the Lower 48; the NGI Spot Gas National Avg. stumbled 11.0 cents to $2.740/MMBtu.

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme. This is the second in the series.

Editor’s Note: Please enjoy this bonus coverage from NGI’s Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico.Request a Trial | Subscribe

After weighing lean stockpiles against the potential for eventual milder temperatures and ample production to quickly re-establish a supply cushion, the natural gas futures market decided to stand pat Friday. In the spot market, a mild weekend forecast sent Northeast prices plunging; the NGI Spot Gas National Avg. dropped 12.0 cents to $2.850/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 column as the first in a regular interview series with experts in the Mexican natural gas market.

Business leaders, analysts and politicians have joined a chorus of warnings that shortages of natural gas could strangle the ambitions of the Mexican administration to boost economic growth and create greater opportunities for the nation’s poor.