Robert has 25 years of international engineering experience in the chemicals, oil and gas, and renewable. A Shell spokesman said workers will be screened for COVID-19 before returning to offshore facilities. The…. Mexico’s total consumption of natural gas fell to 7.5 billion cubic feet per day (Bcf/d) in May 2020, the lowest monthly volume since December 2016, according to estimates from Genscape, Inc. (a Wood Mackenzie business). Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. Because of the availability and affordability of U.S. pipeline natural gas, Mexico is meeting its growing electricity demand with generation from new natural gas-fired plants. Talanza is forecasting private sector production to hit 8% in 2021 and 20% of total gas production in 2027. Natural Gas Production. ISSN © 2577-9966 State energy information, including overviews, rankings, data, and analyses. Maps, tools, and resources related to energy disruptions and infrastructure. Exploration and reserves, storage, imports and exports, production, prices, sales. See also: List of countries by Gas Reserves. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. In 2018, U.S. natural gas production was 73% higher than in 2005. Mexico holds 12 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 32nd in the world and accounting for about Maps by energy source and topic, includes forecast maps. As many of the privately operated fields were once Pemex’s, “they maintain — for now — the same agreements, ergo, they have contracts with Pemex E&P, Pemex Logistics, and Pemex Industrial Transformation,” Flores said. To put this number into perspective, pipeline exports to Mexico are now equivalent to 5.2% of total U.S. natural gas production. All rights reserved. That is 18% of the staffed platforms in the Gulf, but they account for 58% of Gulf oil production and 45% of its natural gas output. Offshore, the Gulf accounts for a little less than one-fifth of U.S. oil production. A spokesman for Norway’s Equinor said Sunday that workers were taken off the company’s Titan platform, and production was stopped. According to CNH data, 19 private sector E&Ps produced 196.2 MMcf/d in 2019, up 35.2% from the 127.1 MMcf/d averaged in 2018. Uranium fuel, nuclear reactors, generation, spent fuel. © 2020 Forbes Media LLC. Working in the producers’ favor is that many industries, such as the petrochemical industry, and regions such as the Yucatán Peninsula or Baja California, are dealing with gas shortages, Flores said. NGI The Weekly Gas Market Report. International energy information, including overviews, rankings, data, and analyses. The impact on production is usually short-lived. You have 3 free articles remaining. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. A new segment on the Wahalajara pipelines was completed in June 2020, and U.S natural gas exports by pipeline to Mexico rose to 5.9 Bcf/d from July through September, an increase of 0.8 Bcf/d compared with the 2019 average, according to data by S&P Global Platts. The natural gas market in Mexico is a new opportunity for private sector producers, as firms begin to analyze alternative possibilities, according to a research note from consultancy Talanza. U.S. pipeline exports of natural gas have been displacing other sources of Mexico’s natural gas, including more expensive LNG imports, which have declined every month since March 2020. Financial market analysis and financial data for major energy companies. Of particular interest is the prolific Burgos Basin, which contains an extension of the Eagle Ford Shale in South Texas. Sign in to get the best natural gas news and data. “Gasoline demand is weakening seasonally, and along with COVID-19, demand is running around 15% below last year,” he said. Natural gas prices in Mexico, which are highly correlated to prices in the United States because of the Texas imports, are also seen rising. Natural gas demand in Mexico is projected to continuing growing, as a result of new electrical generation capacity additions. Federal Offshore Gulf of Mexico Natural Gas Gross Withdrawals and … Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. The industrial and electric power sectors accounted for all of the natural gas consumption in Mexico in 2019, with industrial at 54% and electric power at 46% of the total. See also: List of countries by Gas Consumption, See also: List of countries by Gas Production, © Copyright Worldometers.info - All rights reserved -, U.S. Energy Information Administration (EIA). EIA To put this number into perspective, pipeline exports to Mexico are now equivalent to 5.2% of total U.S. natural gas production. Mexico’s state-owned power company, Comisión Federal de Electricidad (CFE), and French multinational Engie SA are jointly developing the interconnecting pipeline, known as Cuxtal I, which is to have initial transport capacity of 240 MMcf/d. All new upstream rounds have been cancelled for now in Mexico, but López Obrador has said the government will respect contracts signed by dozens of private E&Ps that won drilling rights during the previous administration. exports/imports, international, Mexico, natural gas, Have a question, comment, or suggestion for a future article? Growth in Mexico’s domestic electricity market has largely driven the country’s increasing natural gas usage. Gulf of Mexico federal offshore oil production accounts for 17% of total U.S. crude oil production and federal offshore natural gas production in the Gulf accounts for 5% of total U.S. dry production. ", EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. You may opt-out by. Mexican imports of natural gas continue to outpace most projections. This means that there can be potential outcomes that are not foreseen by a change in policy. After raising tariffs on Chinese goods, China retaliated by raising tariffs on many U.S. goods, including agricultural products. Connect with the definitive source for global and local news. Opinions expressed by Forbes Contributors are their own. As a result of the opening of the upstream sector as part of the landmark energy reform in 2014, private sector exploration and production (E&P) operators have entered the space in Mexico. Crude prices plunged from January into April before rebounding after OPEC and its allies agreed to curb production. U.S. pipeline exports of natural gas continued to grow in 2016, and they have doubled since 2009. The largest and most expensive of the awarded projects is the Sur de Texas-Tuxpan pipeline, which aims to supply the Mexican states of Tamaulipas and Veracruz with natural gas from southern Texas via an underwater route through the Gulf of Mexico. After hitting the lowest point in decades in 2005, U.S. natural gas production has risen nearly every year since. One is that carbon dioxide emissions in the U.S. declined by more than any other country over the past decade, largely a result of utilities switching from coal to natural gas.
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