In 2023, Mexico’s natural gas industry will be shaped by public-private partnerships and the shifting landscape brought about by Russia’s invasion of Ukraine. Political risk for private and international firms, meanwhile, remains high.


Last year, President Andrés Manuel López Obrador’s team said they would carry out costly infrastructure works in conjunction with the private sector. These include 7 GW of combined cycle generation plants, natural gas pipelines, and LNG export projects.

There are as many as six liquefied natural gas export projects planned for Mexico. These projects would re-export U.S. gas to Europe and Asia. In one instance, the gas would be sourced from the Lakach offshore gas field in the Gulf of Mexico and shipped off to Europe via a quick-build...