November 2018

Global News

Global News

Mexico’s New Administration Warns of Growing US Natural Gas Imports Mexico should speed up development of its own natural gas reserves to curb a growing “supply risk” fed by excessive dependence on U.S. supplies, the country’s incoming industry regulator proposed. “We need to diversify (sources of natural gas) because we are very concentrated,” said Juan Carlos Zepeda, president of the National Hydrocarbons Commission (CNH), Mexico’s oil and gas regulator. While the country has long been a major oil and gas producer, an extended output slump forced Mexico last year to turn to foreign supplies for 84% of its total gas demand, almost all of which came from the United States. Natural gas is