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.

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icis mexico energy report
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.

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
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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


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About the editors

James Fowler ICISJames 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

New gas zone system implementation imminent

  • Transmission system operator (TSO) CENAGAS’ restructured zonal tariff system is scheduled to go into effect on 1 July, and preparations continue for future compression station tenders.
  • The TSO presented its proposal for the new tariff zones for the Sistrangas natural gas pipeline grid to energy regulator CRE on 28 March, and these are expected to be approved to go into effect on 1 July.
  • CENAGAS issued on 5 June a tender for overhauling the Cempoala compression station. An updated station would be able to pump greater volumes to the gas-starved southeast region of Mexico.
  • CENAGAS is in early stages to issue a tender for a planned compression station site in Patzcuaro, in the state of Michoacan. It would pump gas toward Lazaro Cardenas on the Pacific coast, south of the Manzanillo LNG import terminal. Estimates are that the Patzcuaro compression station could be operational by about 2020.
  • The proposed floating storage regasification unit (FSRU) at Pajaritos, in the state of Veracruz, is still on the table despite lingering concerns over the project’s viability and CFE pulling out of the project recently. The Pajaritos FSRU could still be developed by 2019, according to CENAGAS.

CENAGAS opens gas storage site nomination process

  • On 28 May, CENAGAS announced it is accepting non-binding nominations to select a preferred site among four depleted reservoirs that are candidates for the Q4 2018 natural gas storage tender.
  • The four depleted reservoirs being considered for the storage project are Campo Acuyo, Brasil, Jaf and Saramako.
  • Interested parties can access the related CNH data room for a fee or arrange a free in-person appointment.
  • The Q4 2018 tender for a minimum of 10bn cubic feet (bcf) of storage is expected to take four to six months. The soonest it could be awarded would be between December 2018 and February 2019.
  • The winner will develop and operate the storage facility and CENAGAS will be responsible for managing the dispatch of gas from the facility.

Obligations for natural gas market participants

  • Starting 1 October, natural gas market participants will be required to submit weekly information to CENAGAS on volumes produced and transported via pipeline as well as any inventory they have.

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: