The fundamental drivers of global energy markets are shifting as the world begins to recover from the crisis induced by COVID-19. North American natural gas markets have been upended this year by a multitude of events, chief among them the plunge in crude oil prices and a dramatic drop in LNG exports. Other smaller, yet relevant, factors have been gyrating as well, including natural gas exports to Mexico by pipeline. After climbing to new highs last fall, piped gas exports to our southern neighbor suffered significantly during the worst of this spring’s series of calamities, but things are looking up. Total exports across the border have reached new highs this month, with just-completed infrastructure in Mexico assisting in the jump. Perhaps things are getting back to normal, at least in this small corner of the energy markets. Today, we provide an update on exports of natural gas from the U.S. to Mexico.
I Got Mexico – U.S. Natural Gas Living Good South of the Border
