Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible.

MPL map

Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project in Puerto Libertad, Sonora State, could make a final investment decision (FID) by the end of 2021, with first LNG shipped out in 2025, “right when the supply gap is forecasted to open up.”

Even as the LNG market has been slammed this year by the economic impacts of the coronavirus, Shanda cited research by Wood Mackenzie forecasting a global supply gap of 85 million metric tons/year (mmty) by 2030, driven principally by...