ICIS Mexico Energy Report

Mexico Energy Report

Mexico Energy Report

The ICIS Mexico Energy Report (MER) is the leading English language information source for Mexico’s emerging energy market. The report provides news, commentary, analysis, data and prices for the Mexican power and gas markets, which have become the most exciting domestic energy markets in the Americas.

The MER is a weekly publication that provides in-depth coverage of the latest regulatory, project and market updates for this rapidly changing market, as well as the latest pricing information reported by market participants.

The report is essential for companies currently active or looking to engage with the energy trading opportunities emerging from Mexico and across southern US.

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The MER provides:

  • Weekly updates with market alerts between reports
  • Proprietary and independent power and natural gas prices
  • Information on regionally targeted price hubs that support the Mexican government’s country plans
  • Insightful editorial content - Bridging the gap between regulators and the market
  • AOE – Ask Our Experts; Our editorial staff are always available
  • ICIS Dashboard – Our secure web portal that includes pre-built and customisable workspaces and historical reports and data

The MER enables you to:

  • Gain an understanding of the latest pricing fundamentals for Mexico’s gas and power markets
  • Make decisions on potential future trading positions
  • Analyse the potential impacts of Mexico’s evolving energy market, and the opportunities therein, for your business
  • Identify existing and prospective trading partners
  • Stay updated on key legislative issues and infrastructure projects

About the Editors

James Fowler

James Fowler has led ICIS' coverage of Latin American energy markets since 2012. He has more than nine years’ experience covering Latin American energy matters for a range of different publications, including Business News Americas and the Economist Intelligence Unit.

Since 2015, he has focused primarily on Mexico, first as the editor of the ICIS Mexico Energy Report, which remains the flagship English language report focused exclusively on Mexico’s natural gas and power markets. The role allowed him to be involved in the Mexican energy reforms since inception by covering the design of both the gas and power markets. Through the report, he was also able to publish the first OTC pricing indications for the power and clean energy certificate markets.

In his new role as Senior Energy Analyst in the Americas, his focus is on developing in-depth information and analysis products for Mexico and the wider Latin America region.

Claudia Espinosa

Claudia Espinosa is the editor of the ICIS Mexico Energy Report. She joined ICIS in 2017 and has covered Mexico and the Americas. Previously, Claudia consulted on Latin American political and economic issues for organizations in the US and Mexico. She holds a bachelor of arts degree and a master’s degree in international affairs focused on Latin American politics and business management.

Recent Mexico Market Updates

CENAGAS envisages 2bcf/day in Sistrangas interconnections

  • Mexico’s transmission system operator (TSO) CENAGAS has identified potential interconnection projects, which could add nearly 2 billion cubic feet (bcf) per day in new import capacity in the latest update of its five-year development outlook, known as the Plan Quinquenal.
  • Interconnections:
    • Projects previously proposed by developer Fermaca at El Encino and Zapotlanejo, are expected online in October 2018 and 2019, respectively.
    • The Monte Grande Interconnection project, or IMG, is a 500 million cubic feet (mcf)/ day interconnect with the south of Texas-Tuxpan submarine pipline. It would be the largest addition of capacity to Sistrangas, and it could be online as early as October 2018, the same as the earliest timeframe for completing the submarine project.
    • There are also plans to refurbish CENAGAS’ Cempoala compression station in 2019, allowing 350mcf/day in submarine pipeline imports to flow to the southeast.
    • Lastly, there is a 350mcf/day interconnection with the proposed Pajaritos LNG import project.
  • Import Capacity from the US:
    • Addition of 500mcf/day in import capacity at Reynosa, approximately 150mcf/day of which would be added through the expansion of the Arguelles border injection point
    • New pipeline decongesting the existing infrastructure in Reynosa, adding approximately 350mcf/day in import capacity by 2020.
    • Expansion of Kinder Morgan’s Mier-Monterrey pipeline by 2019, adding 200mcf/day.
    • New pipeline bypassing the Ciudad Juarez urban area, adding 35mcf/day in extra volumes to the Sistrangas from New Mexico.

Mexico’s first storage tender planned for late 2018

  • The first tender for the construction of natural gas storage infrastructure was pushed back until the third quarter of 2018, according to Mexico’s first public policy on natural gas storage released by energy ministry SENER on 28 March.
  • Potential sites will likely all be former producing reservoirs.
  • The first project will have 10 bcf in capacity, with the winner awarded a contract to build, develop and operate the facility. CENAGAS will be the sole capacity holder and manage dispatch from the facilities for the Sistrangas pipeline system and private pipeline systems.
  • The costs of this and future projects will be passed on to end users through tariffs applied by CENAGAS and private pipeline operators, spreading costs equally across all gas consumers.
  • SENER maintains a target of having 45bcf, or five days’ worth of national demand, in strategic storage capacity, although the target date was pushed back one year to 2026.

Mexico energy webinars

The rapid changes that Mexico’s power and gas markets have undergone, as well as the emerging price fundamentals behind each one, have been explored and explained by Senior Energy Analyst James Fowler through a series of webinars, which can be downloaded here:

ICIS at the Mexico Gas Summit 2018

ICIS Senior Energy Analyst James Fowler will give a presentation on the latest developments in the Mexican gas market and the ongoing deregulation process.

Find out more

Hear from our experts

Our Mexico energy experts are regularly sharing their market knowledge on public platforms. See the list of our latest speaking engagements and media partners here: