El Semanario reported on insights shared by Bill McAleb, oil and gas expert at PA Consulting Group, during his presentation at the Platt’s Mexican Energy Conference.
The article notes during the event, Bill discussed the natural gas market in Mexico, highlighting that national production will continue to decrease until 2022. It is expected that natural gas imports could represent 70 percent of the supply for that year.
He added that Mexico’s energy reforms reorganized the Mexican natural gas market and the pipeline system, and that imports of liquefied natural gas (LNG) mitigate the lack of storage of natural gas and alleviate bottlenecks.
He concluded that Mexico is likely to remain one of the main energy markets for investors, and that the growing dependence on imports of natural gas must change in order not to endanger the country's energy security.