Texas, US exports to Mexico likely to fall during upcoming holiday weeks

摘要

If history serves as an indicator, US exports of natural gas to Mexicoshould show significant declines over the next two weeks due to theholiday effect, likely pushing down spot prices at Houston ShipChannel.However, Texas outflows to other US regions, such as theSoutheast and Southwest, typically show little to no decline during theholiday season.Exports to Mexico are likely to see strong declines over the holidaysas daily Mexico load historically drops during the week of December 25and the first week of the new year. During those two weeks last year,daily load in Mexico averaged 28.4 aGW, roughly 4 aGW below theaverage for the two weeks prior and two weeks following the holidays,according to S&P Global Platts Analytics.