Mexico Needs to Develop Domestic Natural Gas Resources, Say Industry Experts

Mexico needs to work towards developing its vast natural gas resources as it pivots to building an energy matrix around gas and renewables, according to a series of industry panelists who spoke virtually Tuesday at the Mexico Gas Summit. 

“We depend on natural gas. If we are going to compete internationally, we need to have readily available gas,” said Héctor Moreira Rodríguez, Commissioner at Comisión Nacional de Hidrocarburos (CNH). He added that Mexico has 224 Tcf of prospective resources, “enough gas for 100 years.”

According to CNH information, Mexico is projected to increase natural gas production by 50% in 2027, reaching a plateau of 5.5 Bcf/d, “but that’s not nearly enough,” Moreira said.

As it stands, Mexico’s demand for natural gas exceeds 10...