Bill McAleb, oil and gas expert at PA Consulting Group, discusses gas production in Mexico.
Bill says that: “Gas production in Mexico will continue decreasing until 2022. It will recover with the production of companies that won fields in the oil rounds.”
According to a PA analysis, imports will represent 74% of the supply of natural gas in the Mexico for 2036 because in the coming years the expectation is that the demand for electricity generation will increase 43%. The demand of the industrial sector will grow 50% in the future.
During his presentation at the S&P Global Platt's Mexican Energy forum, Bill noted that LNG imports could mitigate the absence of natural gas storage.
He added: “The entrance of new gas pipelines that cross from the United States to Mexico are also adding capacity,” and estimated that only three projects, including Trans-Pecos, added 1.4 bcf capacity per day.