Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.

Mexico trade

The asymmetry between the energy markets of the United States and Mexico is a consequence of differences in natural resource endowments, economic models and ideologies. Mexico’s government in the last few years has made it clear they’d like the energy sector to take a different course from that of the North American region. This has had multiple manifestations.

In terms of infrastructure, the prevailing agenda north of the Rio Grande has to do with the creation of new natural gas projects in a context of energy transition along with the need to meet the...