Inflated Natural Gas Imports Lead Mexico To Search For New Sources — Panjiva
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Inflated Natural Gas Imports Lead Mexico To Search For New Sources

Energy - Conventional 272 Energy - Natural Gas 86 Mexico 505 Mode - Pipeline 30 Mode - Tanker 170

The Mexican government will release an updated national energy plan in April that will allow Pemex to “share its upstream risk” by diversifying natural gas supplies. That’s not a surprise given previous statements from President Andres Manuel Lopez Obrador regarding the oil sector. Mexico’s imports of natural gas surged 21.6% higher year over year in 2018 to reach $7.81 billion. The U.S. is the primary supplier with 89.9% of imports in 2018 when including pipeline and liquefied gas while imports of LNG from outside the U.S. actually fell in 2018. Changing sourcing should be p...

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