Mexico is poised to play an increasingly prominent role in the global natural gas market, driven by internal demand and the LNG export projects planned for the country’s Pacific and Atlantic coasts.

During a joint webinar on Thursday, experts from NGI and the London Stock Exchange Group plc (LSEG) described the market dynamics that are boosting Mexico’s profile as a consumer and potential exporter of the fuel. 

Mexico already is the largest natural gas market in Latin America and the eighth-largest in the world, with demand currently averaging around 8.5 Bcf/d, said NGI’s Christopher Lenton, senior editor for Mexico and Latin America. 

“To put that into perspective the United States is the biggest natural gas market in the world and Canada is the fifth, so really...