Mexico Natural Gas Imports Dip in February Amid Texas Freeze; Prices, Production Down in January

Natural gas pipeline flows from the United States to Mexico averaged 5.3 Bcf/d in February, roughly 380 MMcf/d lower month/month (m/m) and 100 MMcf/d higher year/year (y/y), according to preliminary figures from Wood Mackenzie. 

Liquified natural gas (LNG) sendout from Mexico’s Altamira, Manzanillo and Energía Costa Azul import terminals averaged 263 MMcf/d, about 240 MMcf/d higher than in January, Wood Mackenzie’s Ricardo Falcón, natural gas analyst, told NGI’s Mexico GPI. 

Mexico turned to LNG imports to make up temporary natural gas shortfalls in the United States amid the frigid temperatures that gripped Texas from Feb. 13-19.

All told, the preliminary Wood Mackenzie data indicate that pipeline flows and LNG sendout combined to average about 5.56 Bcf/d in...