Mexico will increase its dependence on US natural gas – El Financiero

Mexico will increase its dependence on US natural gas – El Financiero
Mexico will increase its dependence on US natural gas – El Financiero

The natural gas produced in the United States (EU) will be the “favorite” fuel in the coming years for Mexico, reveals an analysis of the specialized website Energy Monitor (ME), which records estimates from the Energy Information Administration (EIA, for its acronym in Spanish). in English).

“Between 2022 and 2050, Mexico will be one of the favorite destinations for the US in its natural gas sales, estimating an annual increase of 1.2 percent in this period,” says José Ángel Vela, General Director of Monitor Energético.

He highlighted that in 2022, Mexican purchases of this fuel totaled 2.18 trillion cubic feet and by 2050 they are expected to reach 3.08 trillion, reaching a maximum of 3.18 trillion in 2044.

“The boom in natural gas sales south of the border contrasts with Mexican purchases of liquefied energy, which went from a maximum in recent years of 182.2 billion cubic feet to just 3.8 billion last year.

“For its part, exports of natural gas through pipelines generated in the US to Canada would barely grow 0.6 percent annually between 2022 and 2050, going from 0.95 to 1.12 trillion cubic feet per day,” Vela said.

It should be noted, he said, that the purchases of liquefied natural gas are through ships and the other energy in gaseous form is through gas pipelines.

“The demand for natural gas south of the US border is motivated by the installation and start-up of power plants, coupled with insufficient local supply,” explained Vela, “However, in the coming years it is expected that the imports of liquefied natural gas in Mexico in view of the various projects that are being built in the country”.

The specialist said that one of the advantages that Mexico offers to re-export the product to Asian countries is one more factor at stake.

“In addition, the laying of gas pipelines to transport natural gas is very expensive, especially to get energy to the southern part of the country, so the alternative of having it arrive in a liquefied form at the terminals and distribute it is very feasible to be used”, indicated Vela.

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