This episode details the legal battle between Goldman Sachs and Mexico's CFE, triggered by a 2021 Texas winter storm that caused a massive spike in natural gas prices, turning a routine gas transaction into a $400 million dispute.

The discussion includes the complexities of the contract, CFE's argument that the extreme price surge should void their obligations, and the final $300 million settlement.

It highlights the financial risks of complex international contracts and Mexico's reliance on US natural gas, and how unforeseen weather events can significantly impact global markets.

Click here to learn more abou natural gas hedging.

Get full access to InHedge - Commodity Hedging at inhedge.substack.com/subscribe