Natural Gas Daily Latin America & Caribbean Supply & Demand

Uncle Sam wins in Mexico’s standoff with Peru

By Chris Noon 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.

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