U.S. Shale Glut Means Gas Shortage for Mexican Industry: Energy – Bloomberg
Mexico’s plans to relieve shortages in the short term with LNG imports may be hampered by Peru’s request to domestic producers to halve its gas exports to Mexico to allocate gas reserves to Peruvian industries.Mexico’s fields aren’t the only underused gas facilities, Shields said. Mexico’s LNG terminals are working at a low capacity or not operating at all because South American prices can’t compete with U.S. costs.“In practice, the only gas coming to Mexico will be by pipelines, and they’re at their limit,” Shields said.via U.S. Shale Glut Means Gas Shortage for Mexican Industry: Energy – Bloomberg.