We all know that Mexico is importing huge amounts of piped U.S. natural gas (here), now at around 4.1 Bcf/d and mostly coming through Texas. Just a few days ago, Energy Transfer Partners' launched its Trans-Pecos cross-border pipeline, adding an additional 1.4 Bcf/d to Mexico's gas pipeline system and one of four new privately owned such lines that will be operating by summer. Demand for modern fuels like oil and gas in Mexico is growing at 3-5% per year. Mexico now imports about 55% of its current gas needs, and this could reach 75% by 2020. Mexico has a gas pipeline system just 1/9 the size of that of Texas, so LNG has been forced to play a larger role.

Source: Forbes April 05, 2017 23:24 UTC