NGI Mexico GPI

Mexico’s Next Government Needs to Reinforce Competitive Market for Energy Security — Column

Mexico’s Next Government Needs to Reinforce Competitive Market for Energy Security — Column

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. As Mexico prepares for its pivotal elections in June, energy policy has acquired a special place in public discourse. In the second…

May 6, 2024
Natural Gas Futures Climb Further Amid Ramping Freeport Flows

Natural Gas Futures Climb Further Amid Ramping Freeport Flows

With flows to the Freeport LNG terminal ramping up in recent days, strengthening the demand outlook as summer approaches, natural gas futures continued to climb in early trading Monday. After rallying 10.7 cents on Friday, the June Nymex contract was up another 5.8 cents to $2.200/MMBtu at around 8:40 a.m. ET. Updated Wood Mackenzie pipeline…

May 6, 2024
TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…

May 3, 2024
Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase

Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase

Natural gas futures on Thursday snapped a two-day losing streak, bolstered by a bullish storage print, lower production and forecasts for strong summer heat. At A Glance: EIA prints 59 Bcf injection Hotter temperatures ahead Output hovers at 97.6 Bcf/d The June Nymex gas futures contract rallied 10.3 cents day/day and settled at $2.035/MMBtu. After…

May 2, 2024
Mexico Imports of U.S. Natural Gas Surge as Domestic Production Sputters – Spotlight

Mexico Imports of U.S. Natural Gas Surge as Domestic Production Sputters – Spotlight

North American natural gas futures worked their way above $2.00/MMBtu this week amid tighter U.S. production and storage levels. Mexico imports, meanwhile, of U.S. natural gas have started to hit their stride in the lead-up to summer. Over the last 10 days, Mexico imported 7.38 Bcf/d of natural gas via pipeline from the United States,…

May 2, 2024
June Natural Gas Futures Rally Above $2 Following Bullish Government Storage Print

June Natural Gas Futures Rally Above $2 Following Bullish Government Storage Print

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 59 Bcf natural gas into storage for the week ended April 26. The result came close to expectations but was notably below historical averages. The print reflected lighter production volumes and supported upward momentum for Nymex natural gas futures. Ahead of the 10:30…

May 2, 2024
Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder.  Pemex…

May 1, 2024
Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise

Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise

Natural gas futures gave up early gains on Tuesday, trading down more than 13 cents from the day’s high as doubts about Freeport LNG’s recovery lingered and markets braced for bearish monetary policy news Wednesday. At A Glance: Freeport ramps to 38% capacity Production falls to 96.9 Bcf/d Northeast leads cash gains The June Nymex…

April 30, 2024
Pemex’s Natural Gas Production Slumps as Mature Fields Decline

Pemex’s Natural Gas Production Slumps as Mature Fields Decline

Mexico’s state oil and gas giant Petróleos Mexicanos, or Pemex, reported a 7.5% year/year drop in natural gas production in the first quarter as the country’s aging offshore oil fields showed weaker output. Natural gas production, including from partners, was 3.836 Bcf/d in the first quarter, down 312 MMcf/d compared to the comparable period in…

April 30, 2024
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…

April 29, 2024