Mexico and the rest of Latin America are gaining importance on the international natural gas market stage in terms of infrastructure buildout, natural gas demand, and both imports and exports. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season.

  • Kinder Morgan Inc. (KMI): Mexico is building a number of new gas-fired power plants that don’t yet have dedicated supply.
  • KMI: Don’t see themselves participating in foreign markets (read: Mexico).
  • KMI: Interesting they said they were having issues recontracting South Texas assets, then several weeks later they bought South Texas midstream assets for $1.8 billion. Go figure.
  • Halliburton Co. (HAL): Their Latin America revenue was up 5% Q/Q.
  • Nabors Industries (NBR): Has real opportunities to grow in places like...