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NATGAS: Mexico’s Gov Calls for 50% Increase in Natgas Output by 2030

NATGAS
Energy BulletsNorth AmericaMexicoBulletPower BulletsCommodities

Mexico’s President Claudi Sheinbaum announced Feb. 10 a plan to boost natural gas production from Pemex to 5 bcm/y by the end of her 6-year term in 2030, NGI reported.

  • Mexico’s energy minister Elena Luis Gonzalez and Pemex’s CEO Victor Rodriguez joint the president at the conference to discuss how to boost output from current levels of about 3.3 bcf/d.
  • “Our geology is old,” Rodríguez said, noting that Pemex’s goal was on “focused drilling.”
  • Pemex plans to drill 269 exploratory wells in six strategic areas onshore and in the Gulf of Mexico, NGI said.
  • Mexico has become reliant on natgas imports from the US, which currently stand at around 6.5 bcf/d.
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Mexico’s President Claudi Sheinbaum announced Feb. 10 a plan to boost natural gas production from Pemex to 5 bcm/y by the end of her 6-year term in 2030, NGI reported.

  • Mexico’s energy minister Elena Luis Gonzalez and Pemex’s CEO Victor Rodriguez joint the president at the conference to discuss how to boost output from current levels of about 3.3 bcf/d.
  • “Our geology is old,” Rodríguez said, noting that Pemex’s goal was on “focused drilling.”
  • Pemex plans to drill 269 exploratory wells in six strategic areas onshore and in the Gulf of Mexico, NGI said.
  • Mexico has become reliant on natgas imports from the US, which currently stand at around 6.5 bcf/d.