Despite concerns about the energy policies of Mexico’s current government, there is plenty of reason to be optimistic about the country’s nascent natural gas market, according to NGI’s Christopher Lenton, senior editor for Mexico and Latin America.
Lenton spoke last week at the LDC Natural Gas Forum 2020 about his reasons for optimism, which include newly completed and planned infrastructure, rising gas imports from the United States and increasingly savvy industrial consumers in the Mexican market.
He noted that pipeline gas flows from the United States to Mexico are at an all-time high despite the severe economic impacts of the coronavirus. Mexico’s economy, which was forecast to contract this year even before the pandemic, is now expected to shrink by an estimated 10%...