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. 

For the Mexican natural gas market, 2024 promises to be a defining year. Mexico is going to start exporting LNG early in the year. Next summer will bring another record for natural gas imports from Texas. Petróleos Mexicanos (Pemex) will again struggle financially. And by the fall, there will be a new president. 

It is up in the air whether the change in government will bring with it an energy policy that is conducive to competition and broad-based foreign investment. At the end of 2024, we will know if the country has the potential to become a modern natural gas...