Mexican energy trade group Consejo Mexicano de la Energia (Comener) has called on regulators to streamline permitting so as to not waste the near-term opportunities presented by nearshoring.

Nearshoring is the buzzword of the moment in Mexico. It refers to North American companies shifting manufacturing processes closer to home. Boosted by the United-States-Mexico-Canada-Agreement, or USMCA, along with logistical efficiencies in comparison to countries such as India and China, Mexico is poised to gain the most from the trend.

Natural gas imports from the United States into Mexico this year have demonstrated a steep upward trend, regularly hitting 7 Bcf/d in the summer months. Energy trade in 2022 between the two nations totaled a whopping $81.9 billion in real prices, an...