Heavily discounted Permian Basin gas could soon access downstream markets in Mexico, following the recent startup of incremental gas deliveries to Fermaca’s Wahalajara pipeline system. Receive daily email alerts, subscriber notes & personalize your experience. Register Now On Monday, updated electronic bulletin board flow data showed that a new downstream segment on Wahalajara, the El Encino – La Laguna pipeline, began receiving about 40 MMcf/d on April 17. In Tuesday trading, cash prices at Waha traded as high at 65 cents/MMBtu, up about 25 cents from weekend flow dates. Forwards prices for May jumped 32 cents on the day, rising to a $2.47/MMBtu discount to benchmark Henry Hub gas on the improving outlook for Permian supply. The startup of […]