LNG

Mexico, the largest customer for US LNG with 65 cargoes received since 2016 and other shipments brought in from nations such as Nigeria, is planning a tender for strategic storage of natural gas at four depleted oil and gas reservoirs.

July 21 (LNGJ) - Cenagas, the Mexican public body entrusted with assigning capacity rights for pipelines that were previously owned by national energy company Petroleos Mexicamos (Pemex), plans to hold another public auction on August 10 for capacity on the five US cross-border natural gas pipelines assigned to the Mexican Federal Electricity Commission. In the first round for Pemex capacity a total of 24 local and international companies requested rights for 3.6 billion cubic feet per day, more than the 2.2 Bcf/d available. Among Round One winners were Engie Mexico, ArcelorMittal, Shell Trading Mexico and Grupo Alpha.

Mexico, the largest US LNG and pipeline natural gas importer, will launch a contract system on July 1 for natural gas pipeline capacity reservations as part of its transition to a fully competitive market.