While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.
The transaction is part of a strategy Sempra Energy originally unveiled in December to better position itself to capitalize on the growing global demand for cleaner fuels.
Without access to cheap gas, emerging economies will turn to coal, Tellurian CEO Simões warns, adding that ESG concerns are slowing needed investments to move the energy transition forward.