Mexico’s national oil company Petróleos Mexicanos (Pemex) is working to limit flaring and increase natural gas production, executives said last week during an earnings call.

Pemex

Reinaldo Wence of downstream unit Pemex Transformación Industrial said “we need all the natural gas we could get… especially with the weather turning cold.” He was referencing the onset of the Northern Hemisphere winter and the global natural gas crunch. 

Wences said that upstream arm Pemex Exploración y Producción (PEP) was working to add an additional 1 Bcf/d in the upcoming years, adding that the Mexico market needed about 10 Bcf/d of natural gas to cover industrial and economic needs.

Over 60% of this figure is today made of imports via pipeline from the United States. “We still have...