“Poor Mexico – so far from God, so close to the United States,” lamented Mexico’s long-serving 19th Century President Porfirio Diaz. However, there are times when Mexico should be grateful for its proximity to Uncle Sam.
An LNG pricing dispute between Peru, Mexico and Shell has left Peru and the supermajor seeking higher-priced markets elsewhere. Mexico has not imported a Peruvian LNG cargo since 21 October 2016.
The US has filled the Peru-shaped hole. Mexico has been the largest customer...
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