The U.S. supplies 81% of Mexico’s natural gas today and demand is expected to grow as the country expands its use of gas-fired power plants, said Regina Mayor, KPMG’s global and U.S. head of energy.
Mexico’s energy reform has led to at least 12 new pipeline projects with U.S. firms and a new gasoline station opened by BP, the first non-Pemex facility in the country in 80 years.
However, one major resource is not in short-term plans: shale. While the Eagle Ford stretches across the U.S. border into Mexico and the country’s 13 billion barrels of recoverable crude from shale place it at No. 8 in the world, the economics of exploitation make it more worthwhile to pursue cheap imports and offshore drilling for now.
2022-11-23 - Enterprise’s Sea Port Oil Terminal could export 2 MMbbl/d from nearly 30 miles offshore of the Houston area directly onto VLCCs.
2023-01-18 - Russia has already supplied Turkey with approximately 450,000 tones of diesel since the beginning of the year.
2023-01-18 - According to Wintershall Dea, maintaining its Russian operations and business is "not tenable" given the political climate.
2023-01-18 - New sectors like sports, entertainment, culture and tourism are expected to play a big role in Saudi Arabia's economic transition.
2023-01-12 - Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will grow in 2023.