Mexico offers opportunity, if we don’t mess up NAFTA

8/21/2017 Houston Chronicle 

Mexico’s energy markets offer tens of billions of dollars in opportunities for U.S. energy companies, thanks to a once-in-a-century privatization effort.

But the best chance to take advantage will last only as long as the North American Free Trade Agreement.

Mexico’s oil and natural gas production is down 40 percent from peak levels, forcing the country to import refined petroleum products and natural gas from the U.S., according to a new report from S&P Global Platts, an energy data analysis and consulting firm. Imports of U.S. petroleum products are up 125 percent compared with 2016, and U.S. natural gas imports make up 60 percent of Mexico’s consumption this year, compared with just 22 percent in 2010.

By 2022, the U.S. will supply 70 percent of Mexico’s natural gas supply if current trends continue, Platts analysts predict.

Read more… 

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