NGI Mexico GPI

Mexico has a “historical imperative to reverse” President Enrique Peña Nieto’s landmark 2013 constitutional energy reform, according to the country’s likely next hydrocarbons undersecretary, Alberto Montoya.

In “Mexico Natural Gas Imports in May Averaged 5.15 Bcf/d, Sener Says,” the operator of the NET Mexico pipeline was incorrectly stated. The pipeline is an asset of NET Midstream LLC, which is owned by NextEra Energy Partners LP. NGI’s Mexico GPI regrets the error.

September natural gas prices declined Thursday as a slightly higher-than-expected storage injection and cooler weather forecast for the next week or so weighed on the market. The Nymex September gas contract fell 3.2 cents to settle at $2.908.

Mexican regulators have issued updated rules for open seasons and capacity releases on pipelines in the country’s fledgling natural gas market.

The policy proposals and key government appointments made by President-elect Andres Manuel Lopez Obrador have provided a roller-coaster ride for Mexico’s energy industry and the analysts that follow it.

September natural gas prices softened Wednesday as traders gave more weight to cooler weather in the weeks ahead than low storage inventories and the possibility of the lowest injection of the season on Thursday. The Nymex September futures contract settled 1.9 cents lower at $2.94 after spending the day waffling in a tight 3.3-cent band.

Mexican regulators have issued updated rules for open seasons and capacity releases on pipelines in the country’s fledgling natural gas market.

Concerns over meager storage stockpiles helped the natural gas futures market shake off cooler weather trends Tuesday as prices gained modestly for the fall and winter contracts. In the spot market, most regions strengthened as Henry Hub gained in line with prompt month futures, while pricy locations in California and the Desert Southwest moderated; the NGI National Spot Gas Average finished 7 cents higher at $2.97/MMBtu.

Natural gas imports into Mexico grew 6.3% year/year (y/y) in May as pipeline shipments and liquefied natural gas (LNG) continued to make up for declining domestic output, according to the latest official data.