Mexico has an estimated 17 trillion cubic feet (Tcf) of proven natural gas reserves, but it imports more than 70% of its gas needs from abroad, and 90% of those purchases come from the United States. Like some have pointed out, Mexico leaves a lot of money on the table that could be otherwise gained by producing the resource. But with cheap gas from Texas being abundant at the moment, it doesn’t make sense for them to currently change that posture of buying from TEXAS.

Even with Mexico’s lack of exploration of natural gas, Mexico still looks to become a major transit point for American LNG, with companies like Total Energies and Sempra making deals to expand LNG in Mexico, to source Permian natural gas. Mexico also plans it’s own LNG Terminals, Noticias De Mexico: Mexico plans three gas liquefaction facilities.