Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe.


It’s not the first time López Obrador has talked about shipping gas to Europe as the continent reels from a dire energy crisis. Last week, German President Frank-Walter Steinmeier said during bilateral talks with Mexico, López Obrador “offered to step up cooperation on liquid gas.”

Recent high level talks between Mexico and the United States have also included discussions over cooperation on LNG projects given the new geopolitical landscape. Many of the discussed LNG projects sited in Mexico would source U.S. natural gas.

While a slew of...