Regulatory

Mexico could have a good year in 2024 despite a degree of uncertainty in Latin America, according to analysts at New York City-headquartered political risk consultancy Eurasia Group. The analyst team led by Latin America managing director Daniel Kerner highlighted Mexico President Andrés Manuel López Obrador’s high and stable approval ratings, “based on a solid…

“Investor confidence has to be reestablished through clear policies and mechanisms that are maintained and upheld over an extended period of time,” Sofía Tamayo Gutiérrez, Institutional Relations & Regulatory Affairs director at Kino Energia told NGI’s Mexico GPI. For the incoming government, “I would say: stability and legal certainty, the promotion of renewable energies and…

The U.S. power grid faces the risk of blackouts over the next 10 years because of rising peak power demand, generator retirements and questions about the reliability of renewables and natural gas delivery systems, the North American Electric Reliability Corporation (NERC) said Wednesday (Dec. 13). “Environmental regulations and energy policies that are overly rigid and…

The U.S. Department of Energy (DOE) has delivered a final environmental assessment for New Fortress Energy Inc.’s (NFE) offshore Altamira LNG project as the firm awaits delivery of a component that could allow it to begin exporting U.S. natural gas from Mexico’s eastern coast. NFE previously requested to re-export 145 Bcf/year, or 400 MMcf/d, from…

Mexico President Andrés Manuel López Obrador, or AMLO, is ending his term the way he started it – by lambasting the nation’s regulators and accusing them of being in cahoots with private business interests. On Monday, the president said he would try to push a bill through Congress in his final months that would eliminate…

BP plc has asked U.S. regulators to force Venture Global LNG Inc. to release confidential documents related to the extended commissioning process of the Calcasieu Pass export terminal, arguing that Venture Global has failed to meet FERC disclosure rules for the delayed start-up of commercial operations. BP’s filing to the Federal Energy Regulatory Commission on…

Mexico and the rest of Latin America are gaining importance on the international natural gas market stage in terms of infrastructure buildout, natural gas demand, and both imports and exports. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season. Kinder Morgan Inc. (KMI): Mexico is building a number of new gas-fired power…

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook. The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory…

Magnolia LNG LLC has filed for a new authorization to export the super-chilled fuel from its proposed facility in Louisiana, the second U.S. project to do so since U.S. regulators said in April they wouldn’t issue extensions to start operations in most cases. The Glenfarne Energy Transition LLC affiliate withdrew its request on Nov. 29…