Recently, Javier Estrada, the director for Mexico's Analitica Energetica SC, discussed natural gas's importance in the currently reformed Mexican energy sector. Natural gas is a short-term issue, he said, but the need for it is "immediate." While utilizing the burgeoning import market of gas from the U.S. and elsewhere, he said, Mexico will build many pipelines and strengthen its own capacity to develop and produce natural gas. Pipeline tenders have been announced. For everything to work, "the price of natural gas has to pay," he said, noting that right now investments are going toward oil.
Recommended Reading
Asia Spot LNG at 3-month Peak on Steady Demand, Supply Disruption
2024-04-12 - Heating demand in Europe and production disruption at the Freeport LNG terminal in the U.S. pushed up prices, said Samuel Good, head of LNG pricing at commodity pricing agency Argus.
US Natgas Prices Hit 5-week High on Rising Feedgas to Freeport LNG, Output Drop
2024-04-10 - U.S. natural gas futures climbed to a five-week high on April 10 on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas.
US NatGas Futures Hit Over 2-week Low on Lower Demand View
2024-04-15 - U.S. natural gas futures fell about 2% to a more than two-week low on April 15, weighed down by lower demand forecasts for this week than previously expected.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.