Articles filed under Mexico

TC Energy Corp. is transporting record volumes of natural gas on its Canada, U.S. and Mexico pipeline systems, and expects demand growth to accelerate over the coming years, according to management.

Argentina’s 51% state-owned oil and gas company YPF SA, in partnership with Malaysian national oil company Petronas, has settled on the northern edge of Patagonia for their planned LNG export project.

The first cargo of Texas natural gas liquefied in Mexico could be heading from the east coast to an import terminal on the country’s isolated Pacific Coast by mid-August, according to New Fortress Energy Inc. (NFE).

Mexico’s nascent LNG market could develop into a major presence in the North American energy landscape, Arthur Deakin, Director of Energy at Americas Market Intelligence (AMI), told NGI’s Mexico GPI.

Mexico’s natural gas production averaged 3.82 Bcf/d in June, down from 4.35 Bcf/d in the same month last year. Output has been down on a year/year basis each month since the start of 2024, and has fallen sequentially in every month except May.

The ongoing trend of growing natural gas imports into Mexico from the United States will probably continue into the foreseeable future, with significant implications for the country's energy landscape.

North American natural gas prices continued to search for and not find momentum this week. Despite sizzling temperatures and soaring power demand, U.S. natural gas production of around 102 Bcf/d was more than enough to keep prices subdued.

Liberty Energy Inc. CEO Chris Wright said he thinks artificial intelligence (AI) and the return of manufacturing in the United States would bode well for natural gas demand. He also said exports to Mexico would be “increasingly important” and could support the price of U.S. natural gas indexes going forward.

Portuguese construction firm Mota-Engil SGPS, SA said it has signed an agreement with Mexican state oil company Petróleos Mexicanos (Pemex) to build a $1.2 billion fertilizer plant at Pemex’s Escolin complex in Poza Rica, Veracruz state.

Mexico’s President-elect Claudia Sheinbaum has yet to articulate a clear natural gas and energy policy, according to a veteran in the nation’s energy sector.