Natural gas production in Mexico totaled 3.87 Bcf/d in June, up from 3.59 Bcf/d in June 2020, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH).

gas production Mexico

The figure was also up compared to May, when Mexico produced 3.84 Bcf/d.

State oil company Petróleos Mexicanos (Pemex) supplied 3.63 Bcf/d of the total in June, with private sector operators adding 205 MMcf/d.

While production is showing a slight uptick, Mexican imports of natural gas from the United States are reaching record levels, adding upward pressure to surging U.S. benchmark gas prices. Also increasing is flared gas at Pemex, impacting the amount of gas that makes it to market.

As revealed in its recently released 2021-2025 business plan, Pemex is forecasting a base-case...