Commodity Market Report

NYMEX sensitivity case developed from the Mexico gas, power and renewables Investment Horizon Outlook 2023

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This “NYMEX” case represents the use of the New York Mercantile Exchange futures gas prices and its impact on our long-term outlook on Mexico’s power sector. Wood Mackenzie’s gas price forecast – a key component of our Base Case, the Mexico gas, power and renewables investment horizon outlook 2023 – projects a rebound in Henry Hub prices with the next wave of LNG exports with a price averaging US$3.1/MMBtu over the 2024-2027 period. The growth rate moderates in the following years, with prices averaging US$3.8/MMBtu during 2028-2035. In contrast, NYMEX futures suggest a higher pricing path for the 2024-2027 period, positioning Henry Hub prices near US$3.7/MMBtu, followed by a marginally lower average of US$3.6/MMBtu for 2028-2035.

Table of contents

  • This NYMEX case represents the use of the New York Mercantile Exchange futures gas prices and the impact on Mexico’s power sector’s long-term outlook.

Tables and charts

This report includes the following images and tables:

  • NYMEX vs. Wood Mackenzie’s Henry Hub gas price forecast
  • Annual average LMPs in key regions (NYMEX case vs. Base Case)
  • Annual and Monthly Energy Prices’ Absolute Delta in key regions (NYMEX case vs. Base Case)
  • Annual and Monthly Energy Prices’ Percentage Delta in key regions (NYMEX case vs. Base Case)

What's included

This report contains:

  • Document

    NYMEX sensitivity case developed from the Mexico gas, power and renewables Investment Horizon Outlook 2023

    PDF 1.26 MB