Mexico's Thirst for Natural Gas Continues to Increase
Mexico's Thirst for Natural Gas Continues to Increase
According to data from the U.S. Energy Information Administration (EIA), Mexico's natural gas imports of 2.1 billion cubic feet per day (Bcf/d) in 2012 represented a 21% increase from 2011 imports. The majority of the country's natural gas imports are from the U.S., which delivered approximately 1.7 Bcf/d of natural gas in 2012, accounting for about 80% of the country's gas imports.
The remaining 20% of Mexico's natural gas imports comes in the form of LNG delivered to the country's three import and regasification terminals, the first of which began operating in 2006. LNG commands a much higher price than U.S. imports, which remain bottlenecked by a lack of existing infrastructure.
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