Mexico must develop its natural gas reserves in order to avoid overreliance on U.S. imports and secure its future as an LNG exporter, according to Jaguar Exploración y Producción CEO Warren Levy.

Jaguar Exploración y Producción

Jaguar is the largest onshore acreage holder in Mexico other than state oil company Petróleos Mexicanos (Pemex), and “one of the few companies focused on natural gas,” Levy said Tuesday (June 6) during Industry Exchange LLC’s 9th Mexico Gas Summit in San Antonio, TX.

Jaguar was awarded 11 exploration blocks in 2017 through an onshore bidding process held by upstream regulator Comisión Nacional de Hidrocarburos (CNH). The blocks include five in the Burgos Basin, one in the Tampico-Misantla Basin, two in the Veracruz Basin and three in the Southeast Basin.