Uncle Sam wins in Mexico’s standoff with Peru
There is nothing like a supply risk to find out who your friends are, as Mexico has learned in recent months
21 February 2017
Manzanillo LNG terminal, Mexico. The Panama Canal allows large vessels to reach it from the US. (Samsung C&T)
“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...
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.
Sign inNot a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.
Sign up
