A year since Russia’s invasion of Ukraine altered the energy landscape across the globe, Mexico’s natural gas model has been transformed.

Mexico LNG

As the world’s biggest consumer of U.S. produced natural gas, Mexico has set its sights on using its geographic position to its advantage. By importing natural gas from the U.S. at the cheapest prices available in the world, Mexico now has big plans to export the molecule across the planet in the form of LNG to supply markets in need, such as Europe or Asia.

To date, Mexico has announced plans to develop eight liquefied natural gas terminal projects with a capacity to produce some 50 million tons/year of LNG and export as much as 7 Bcf/d. If the plans materialize, Mexico could become the world’s fourth largest LNG exporter, behind the...