U.S. to Mexico Pipeline Natural Gas Exports Swell 10% y/y in 1Q, Still Rising Steadily

Pipeline natural gas exports from the United States to Mexico averaged 5.3 Bcf/d during the first quarter, up from 4.8 Bcf/d in the year-ago period, according to the U.S. Department of Energy’s (DOE) latest quarterly report on the gas trade balance.

Mexico accounted for 64.6% of total pipeline gas exports, with the other 35.4% going to Canada.

Exports by pipeline accounted for 50.7% of total gas exports, with the remaining 49.3% leaving in the form of liquefied natural gas (LNG).

Prices of U.S. pipeline exports to Mexico and Canada rose by 8.6% and 8.9%, respectively, versus the fourth quarter.

Overall, U.S. pipeline exports rose 4.6% y/y, while prices fell by 17.1%.