Mexico Natural Gas Production Sees Uptick in May, But Still Off Year-Ago Levels
Mexico’s natural gas production ticked upward to 3.85 Bcf/d in May from a three-year low of 3.76 Bcf/d in April, but was down 11% year/year, government data show.
Mexico’s natural gas production ticked upward to 3.85 Bcf/d in May from a three-year low of 3.76 Bcf/d in April, but was down 11% year/year, government data show.
The Biden administration’s pause on new approvals for LNG exports to non-free trade agreement (FTA) countries is casting doubt over the future of liquefaction projects in Mexico that would rely on U.S. feed gas.
Economist Luz Elena González Escobar will helm Mexico’s energy ministry Sener come October, President-elect Claudia Sheinbaum announced Thursday.
The Biden administration’s pause on new approvals for LNG exports to non-free trade agreement (FTA) countries is casting doubt over the future of liquefaction projects in Mexico that would rely on U.S. feed gas.
The International Energy Agency (IEA) is forecasting a substantial decline in oil supply from Mexico between 2024 and 2030, a trend that would most likely result in lower natural gas production as well.
Claudia Sheinbaum's National Energy Plan seeks to achieve "shared prosperity," emphasizing the importance of inclusive economic growth that reduces inequality and promotes general well-being. But the absence of a roadmap for improving natural gas supply leaves questions for how to fuel that growth.
North American natural gas futures prices were in a downward spiral this week and fell for the fifth time in six sessions on Thursday. Both the July and August New York Mercantile Exchange futures contracts had fallen below the $3.00/MMBtu level.
New Fortress Energy Inc. (NFE) said the work necessary to begin operations at its LNG unit offshore Altamira, Mexico, is nearly complete with first production seen within two weeks.
Mexico’s power demand is growing faster than forecast, and its infrastructure is falling behind, according to analysts at Fitch Ratings.
North American natural gas futures for the coming summer months rose above the $3.00/MMBtu mark this week.