Articles tagged Mexico

North American natural gas futures were once again above the $2.00/MMBtu mark as the market turned to the post-summer season.

Two possible cures for Mexico’s increasingly unsteady electric grid are to increase national natural gas production and allow for more private participation in the sector, according to recent reports from experts at Rice University’s Baker Institute for Public Policy and the Atlantic Council.

Singapore-based LNG Alliance Pte Ltd., sponsor of the proposed Amigo LNG export project in Mexico, signed a long-term offtake agreement with Malaysia’s E&H Energy SDN BHD, the companies said.

Weak natural gas prices through most of 2024 challenged the industry’s profitability, but they helped to dramatically ease the pace of U.S. inflation and, by extension, nudged the Federal Reserve (Fed) to the doorstep of interest rate cuts.

Mexico's oil and natural gas giant Petróleos Mexicanos (Pemex) has named academic Victor Rodríguez Padilla as its new CEO.

Natural gas demand in Mexico follows a well-known seasonal pattern. Demand peaks in the summer when the electricity sector is stressed by the load of air conditioning systems. As a result, the months of June to August require complete coordination and special attention from the operators of the electricity and gas networks.

North American natural gas prices slumped this week as summer heat waned and supplies flooded the market.

Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.

Mexico needs to do more to develop its local natural gas industry, according to a new analysis from oil and gas trade group Asociación Mexicana de Empresas de Hidrocarburos (Amexhi).

Houston-based Pilot LNG LLC plans to develop a liquefied natural gas bunkering and transshipment terminal on Mexico’s West Coast to capitalize on the growing marine fuel market.