NGI Mexico GPI

Marketers in Mexico sold natural gas at an average of price $4.10/MMBtu in July, the first month since the country implemented its capacity reservation regime.

Mexico not only aims to conclude its Round 2 upstream auctions with one covering nonconventional sources, but energy officials now are eyeing a Round 3 that also would include one covering shale and tight resources before the end of 2018, according to the energy secretary.

With refining assets within proximity of the U.S.-Mexico border, San Antonio-based Andeavor is eyeing Mexico to expand its marketing efforts.

Mexican officials this week brushed aside concerns that the country’s upcoming presidential elections in 2018 could pose a risk for the nascent energy reforms taking hold in the oil and gas industry.

Mexico’s Comision Reguladora de Energia (CRE) plans to publish by the end of this week its first price report for molecule sales in the country’s nascent natural gas market, according to the director of economic analysis at the regulator’s natural gas unit.

The North American natural gas market is more globally interconnected than ever before, as exports steam along both overseas and to Mexico, a top BP plc executive said Wednesday.

Mexico is gearing up to auction emerging unconventional resources through Round 2.5, and while oil is a top priority for prospectors, the country also wants to encourage more natural gas development, a top official said Monday.

The Mexican Energy Secretariat, Sener, expects to release a draft of its public policy for natural gas storage in early September, according to the head of the ministry’s industrial transformation unit.

Mexico’s economy posted solid growth during the second quarter, with oil exports climbing 34.4% in the first five months of 2017 year/year, according to research by the Federal Reserve Bank of Dallas.