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Mexico’s natural gas market remains attractive despite recent macro-political uncertainty, according to two executives tasked with developing their firms’ respective gas marketing divisions in the country.
“If we didn’t believe it was a good market, a good place to be, we wouldn’t be here,” BP Energy Co.’s Ron Vogel, vice president of marketing for U.S. South/Mid-Atlantic/Mexico, told the US-Mexico Natural Gas Forum in San Antonio, TX last Wednesday, referring to Mexico.
BP Energy is the natural gas marketing arm of BP plc, and operates in Mexico under the name BP Energía México.
BP Energía México was one of three winners in the inaugural auction, conducted in February 2017 by Mexico’s Centro Nacional de Control del Gas Natural (Cenagas), for natural gas import capacity into Mexico in the wake of the country’s 2013-2014 market-opening energy reform.
Through the auction, BP secured 200,000 MMBtu/d of capacity on the Net Mexico pipeline, which spans 120 miles from the Agua Dulce hub in Texas to the Mexico border near Rio Grande City.
“We’ve made huge strides since we started in ’17,” Vogel said. “Our market presence has grown, [and] customers are getting more sophisticated. They’re learning about choice and prices, and capacity, and all the hundreds of terms and things we’ve learned about in the United States.”
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