Rystad warns that too many new LNG facilities could spell a glut for export markets.
Geopolitics and weather top the list of trends that will determine the direction of oil and gas.
Late Nov. 25, President-elect Donald Trump said one of his first executive orders would be to enact a 25% tariff on “all products” originating from Canada and Mexico, a move that could escalate refined products prices.
Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
The Mexican government expects to transfer 136 billion pesos (US$6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet its debt and loan repayments.
Mexico is finally getting its feet off the ground with LNG exports, joining the U.S. to make North America an LNG exporting powerhouse.
Four main pipelines send Permian and Eagle Ford gas to the Mexico border.
Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.
Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).