Insight
Gas price surge: A threat for the flagship fuel in Mexico’s electricity mix?
Report summary
From the historic lows in 2020, oil and gas prices have skyrocketed. Oil derivates prices, like fuel oil No. 6 3%S1, have increased by more than 145%, while Henry Hub is at levels not seen since 2008. Fear that adequate winter stock levels in the US will not be achieved surged Henry Hub by 77% year-to-date, while winter prices traded as high as US$9/mmbtu. However, despite the increase in gas prices, gas-to-power demand shows a muted response. Mexico’s gas generation remains above 60% of the total mix without signs of slowing down. Will this trend continue, or will fuel switching displace gas-based generation to diversify the generation mix?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Mexico’s capacity market settlement 2023: The age of uncertainty
This insight delves into the factors influencing Mexico's Capacity Market and its results.
$1,050
Insight
US upstream in brief: Efficiency up. Drilling down.
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
Sargent (GB 339)
Sargent (GB 339) is a small gas field in northeastern Garden Banks around 10 kilometres (6 miles) north of the Auger field. Deep Gulf ...
$3,100