PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1393966
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1393966
NYMEX Sensitivity Case Developed from the Mexico Gas, Power, and Renewables Investment Horizon Outlook 2023
Report Summary:
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 4 images and tables including:
- 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)
