Exploration & Production

Mexico prepares for an upstream revolution

Mexico is looking to become self-sufficient in gas production, and potentially start exporting LNG once its upstream strategy takes shape Mexico is looking to become self-sufficient in gas production, and potentially start exporting LNG once its upstream strategy takes shape.
By Abhishek Kumar 24 November 2017 0 28512
Mexico City, Mexico Mexico City. Mexico’s gas demand rose by an average of 4.6% per year between 2011 and 2016. (Jezael Melgoza/unsplash.com)

Mexico’s marketed gas production is set for a fifth consecutive year of decline in 2017. However, the country is taking steps behind the scenes that could reverse the trend by 2019. Green shoots are emerging in the gas sector as a result of reforms introduced by President Enrique Peña Nieto in 2013. The reforms are also building confidence among IOCs looking to participate in the country’s upcoming upstream auctions.

Becoming self-sufficient in gas production would be the second landmark event for Mexico’s gas sector between 2010...