Increasing Natural Gas Trade Between the U.S and Mexico

  • U.S. companies began exporting natural gas to Mexico via pipeline in 1988, and exports have increased significantly as the shale revolution in the U.S. produced affordable, abundant natural gas for consumers in the U.S., Mexico, and around the world.REF Liquefied natural gas (LNG)—which is transported by ship—supplements the pipeline trade in natural gas.REF Additional Mexican pipelines and LNG infrastructure will increase export opportunities for U.S. energy producers in the South and Southwest.REFConcerns over the future of U.S.–Mexico energy trade are developing, however.
  • Newly elected Mexican President Andrés Manuel López Obrador has been very critical of free-market energy reforms in Mexico and wants to return to more state control.REF President López Obrador is threatening to change pipeline contracts with the Mexican government and private American and Canadian companies, creating uncertainty in current and future investments.REFThe U.S. and Mexico should build on past policies that have enabled energy trade by expanding interconnectivity, honoring contracts and respecting the rule of law, and streamlining permitting processes for natural gas infrastructure.
  • Total cross-border pipeline capacity nearly tripled since 2011, from about 4 billion cubic feet per day to about 11 billion cubic feet per day.REF The expansion has not only increased the flow of energy but also expanded natural gas to different regions throughout Mexico.REF Additionally, Mexico is accessing the U.S.'s expanded LNG capacities in the U.S. Gulf of Mexico.REF While piped gas from the U.S. is displacing LNG imports from other countries, Mexico is increasing LNG imports from American facilities in the Gulf Coast.REFExpanded natural gas trade is a win for both countries.

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

MexicoNew MexicoGovernor of New MexicoFarmington New MexicoSan Juan BasinDelaware BasinPermianPermian BasinPermian Regionnatural gasLiquified Natural GasNatural Gas ExportsPemexNatural Gas PriceNatural Gas PipelineNatural Gas ProductionCrude Oil PricegeopoliticalGeopoliticsDonald TrumpPresident TrumpRepublicansrepublicanBusinessInternational BusinessBusiness gasBusiness newsindustry newsDr. Daniel Finenewslatest oil and gas newsOil And Gas Industry Latest Newsoil and gas industry newsoil and gas newsOil Industry Newsoil newsweekly market newsweekly news updateweekly oil newsweekly newsWorld NewsCongressDepartment of CommerceDepartment of EnergyDepartment of InteriorDepartment of International TradeDepartment of Defense

More items from wfine94268

Oil bust could spur natural gas turnaround in San Juan Basin

If Merrion and key industry analysts are correct, there might be a silver lining in the oil crash caused by the coronavirus pandemic — it could end up helping northwestern New Mexico natural gas producers and even give a lift to state revenue in a time of crisis. The potential upside: The drop in ...

Will Fine

Posted 4 months agoLink > San Juan Basinnatural gasoil bust +36

Massive revenue shortfall in new state forecasts

The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...

Will Fine

Posted 5 months agoLink > Santa FeSANTAFENewMexico +58

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine

Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Dr. Daniel Fine & T Greg Merrion on the OIL PRICE WAR and U.S. collapse

Interview with Oil and Gas Expert Dr. Daniel Fine with T.Greg Merrion of Merrion Oil D r. Daniel Fine and T. Greg Merrion of Merrion Oil are experts in their fields.  Dr. Fine raises the fact the oil market was manipulated and explains just how it was done.  T Greg gives an acrual account of from ...

Will Fine

Posted 6 months agoOpinion > oil newsBusinessNewsBusiness news +44

Trump promises oil, gas industry assistance a day after WTI traded negative

Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...

Will Fine

Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +27
All posts from wfine94268