nearshoring

Mexico Nearshoring Dreams Face Multiple Headwinds, Report Finds

Mexico Nearshoring Dreams Face Multiple Headwinds, Report Finds

The nearshoring trend holds big potential for energy demand in Mexico, though numerous factors could hinder the country’s ambitions as a haven for big business relocation, according to new research published by Rice University’s Baker Institute for Public Policy.  Nearshoring refers to companies moving their production and supply chains from China to North America –…

April 3, 2024
Mexico Needs $41 Billion in Energy Investment to Meet Nearshoring Demand

Mexico Needs $41 Billion in Energy Investment to Meet Nearshoring Demand

Mexico will need to attract more than $41 billion in investment to generate an estimated 37 GW of additional electricity capacity required to meet the increased energy demand anticipated by nearshoring, Abraham Zamora, President of the Mexican Energy Association (AME), said during a recent presentation in Monterrey.  Nearshoring, or the relocation of manufacturing and supply…

February 12, 2024
U.S. Natural Gas Said Essential to Mexico’s Economic Advancement 

U.S. Natural Gas Said Essential to Mexico’s Economic Advancement 

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure Projects Forum.…

January 31, 2024
Mexico Should Reconsider Electricity Auctions to Meet Nearshoring Demand, Says Expert Lawyer

Mexico Should Reconsider Electricity Auctions to Meet Nearshoring Demand, Says Expert Lawyer

Mexico’s incoming government should “consider the reactivation of electricity auctions that could drive new energy generation projects that the country needs to get ahead of the demand that will accompany nearshoring in Mexico, such as intense consumption during times of high temperatures and the need to accelerate the energy transition,” Andrea Villanueva Villarreal, a senior…

January 26, 2024
Mexico Energy Leaders Optimistic for 2024 Natural Gas Industry Growth

Mexico Energy Leaders Optimistic for 2024 Natural Gas Industry Growth

Experts from Mexico’s energy industry told NGI’s Mexico GPI that they feel optimistic 2024 will bring positive developments to the natural gas sector following several difficult years of uncertainty and unforeseen policy changes. In conversations and exchanges with nine Mexico energy industry experts and leaders in December, the majority expressed cautious or moderate optimism for…

December 29, 2023
Mexico Seen Healthy and Bucking 2024 Trend in Politically Troubled Latin America

Mexico Seen Healthy and Bucking 2024 Trend in Politically Troubled Latin America

Mexico could have a good year in 2024 despite a degree of uncertainty in Latin America, according to analysts at New York City-headquartered political risk consultancy Eurasia Group. The analyst team led by Latin America managing director Daniel Kerner highlighted Mexico President Andrés Manuel López Obrador’s high and stable approval ratings, “based on a solid…

December 20, 2023
Cautious Optimism in Mexico’s Natural Gas Market as Imports Continue to Rise – Listen Now to NGI’s Hub & Flow

Cautious Optimism in Mexico’s Natural Gas Market as Imports Continue to Rise – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI editors Christopher Lenton and Andrew Baker discuss their takeaways from the recent U.S.-Mexico Natural Gas Forum in San Antonio, TX. Mexico’s demand for U.S. natural gas continues to climb, driven primarily by the power sector. LNG export terminals and the expected…

December 5, 2023
Top Economist Sees Natural Gas Fueling Growth in Southeast Mexico Amid Nearshoring Boom

Top Economist Sees Natural Gas Fueling Growth in Southeast Mexico Amid Nearshoring Boom

“The Southeast Gateway project represents a significant long-term investment for the people of southern Mexico by providing them with a new dedicated gas pipeline featuring state-of-the-art technology for natural gas transportation, while addressing the country’s growing energy demand,” Alexis Milo, one of Mexico’s top economists, told NGI’s Mexico GPI.  “The development of this project should…

December 1, 2023
Without Natural Gas, Nearshoring in Mexico Flops, Experts Say

Without Natural Gas, Nearshoring in Mexico Flops, Experts Say

Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts. Speaking Tuesday at the U.S.-Mexico Natural Gas Forum in San Antonio, TX, Guillermo García Alcocer who handles planning at Instituto Tecnológico Autónomo de Mexico (ITAM), said without greater access to natural gas, the so-called nearshoring opportunity…

November 20, 2023
For Nearshoring Opportunity, Mexico Natural Gas Distribution Needs Upgrade — Column

For Nearshoring Opportunity, Mexico Natural Gas Distribution Needs Upgrade — Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Mexico, a country with logistical advantages and an industrial economy, could see substantial economic benefits from nearshoring, or the relocation of operations…

October 27, 2023
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