Mexico

A recent ruling by Mexico’s Supreme Court to uphold the constitutionality of the 2021 Hydrocarbons Law could further limit the ability of private companies to obtain regulatory permits and heighten risks of government intervention in midstream and downstream operations, industry experts told NGI’s Mexico GPI.  Last month, the majority of Mexico’s 11 Supreme Court Justices…

Widespread blackouts in early May across 21 of Mexico’s 32 states are a troubling sign ahead of summer months, which is when the nation’s electricity demand peaks, according to three industry experts who spoke with NGI’s Mexico GPI. “I think it’s going to be a spring and summer of constant blackouts. Not daily, but frequently,”…

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…

Widespread blackouts in Mexico earlier this week hit 21 states and sent the electric power system into emergency status – but the natural gas market was largely unimpeded. Power system operator Cenace said the failures on Tuesday (May 7) were caused by soaring demand amid scorching temperatures. Some Cómision Federal de Electricidad (CFE) natural gas…

New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…

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…