Mexico’s lack of available natural gas storage, which puts the country’s electricity supply at risk in the event of aberrational climate and geopolitical events, could be strengthened with government and private investment in underground cavern development, industry members said recently.

Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey in late January, Raul Puente, General Director of Underground Storage from Grupo Cydsa, explained that the United States and Europe began developing underground storage for hydrocarbons in the 1950s. Puente said that most of the 31 members of the International Energy Agency (IEA), which Mexico joined in 2018, use abandoned oilfields that have been previously explored for underground storage, as well as empty salt mines,...