Permian Basin natural gas will soon take on a protagonist role south of the U.S. border where numerous liquefaction facilities planned on Mexico’s northwest Pacific Coast will process significant volumes for re-export to premium LNG consuming markets in Asia.
Mexico’s push for LNG exporting glory hinges on completion of liquefaction plants and crucial pipelines from the Permian, buildouts that are expected to happen concurrently as the next wave of U.S. liquefaction capacity prepares to comes online toward the end of this decade.
If all goes according to plan, Mexico will soon be a net exporter of LNG, no longer relying on costly LNG imports.