Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2.

Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data.

Natural gas projects, including 12 combined cycle plants in construction, along with new pipelines, compressor stations and LNG export facilities, should give impetus to growth. Mexico’s healthy economy will add to this momentum.

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