Mexico

Mexico’s dependency on the United States for natural gas supplies is expected to continue to rise and hit record levels during the country’s next presidential administration from 2024-2030, according to Adrián Duhalt, a research scholar at Columbia University’s Center on Global Energy Policy. Mexico’s natural gas imports via pipeline have averaged 6.08 Bcf/d year-to-date through…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As Mexico prepares for its pivotal elections in June, energy policy has acquired a special place in public discourse. In the second…

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…

North American natural gas futures worked their way above $2.00/MMBtu this week amid tighter U.S. production and storage levels. Mexico imports, meanwhile, of U.S. natural gas have started to hit their stride in the lead-up to summer. Over the last 10 days, Mexico imported 7.38 Bcf/d of natural gas via pipeline from the United States,…

Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder.  Pemex…

Mexico’s state oil and gas giant Petróleos Mexicanos, or Pemex, reported a 7.5% year/year drop in natural gas production in the first quarter as the country’s aging offshore oil fields showed weaker output. Natural gas production, including from partners, was 3.836 Bcf/d in the first quarter, down 312 MMcf/d compared to the comparable period in…

Mexico’s state power utility Comisión Federal de Electricidad (CFE) highlighted the expansion of its natural gas marketing business and partnerships with the private sector in a series of recent updates.  In addition to its role as Mexico’s largest generator and distributor of electricity, CFE is the country’s primary importer and marketer of natural gas via…

Mexico’s reliance on U.S. natural gas imports is likely to increase if Claudia Sheinbaum, who is expected to win Mexico’s June 2 presidential election, maintains the state-centric approach of outgoing President Andrés Manual López Obrador, aka AMLO, according to analyst Carlos Ramírez Fuentes. Ramírez, a political and economic risk consultant at Mexico City-based Integralia Consultores,…

Performance in Latin America during the first quarter proved to be strong for Halliburton Co. and Weatherford International plc, with each reporting double-digit revenue gains from a year ago. The oilfield services giants joined SLB Ltd. and Baker Hughes Co. in reporting their quarterly results. SLB reported a 2% gain in sales year/year across its…