Mexico's Natural Gas Market Mechanics Designed Somewhat Like United States
Reposted by www.morganshields.com, Scott Shields Katy Houston Mexico’s Energy Regulatory Commission publishes regional natural gas prices for the first time As part of the ongoing liberalization of the Mexican natural gas market, on March 22, Mexico’s Energy Regulatory Commission (CRE) published for the first time monthly natural gas prices for six trading regions in the country. The regional prices supplement the national monthly natural gas price index , called IPGN, which was launched in August 2017. CRE collects data for the pricing indexes based on monthly post-transactional reports that all natural gas marketers operating in Mexico are required to file. Monthly regional price indexes include the average prices paid for natural gas plus transportation costs for all transactions that took place in each region during the previous month. The selection of regions was based on regional natural gas supply patterns, existing and in-development pipeline trans...