Mexico Aims to Reduce Dependence on US Gas Imports through Bolivian and Peruvian Alternatives

Strategic Insights -

The Mexican government has launched a plan to decrease the country's reliance on natural gas imports from the United States, shifting focus towards liquefied gas from Bolivia and Peru. President Vicente Fox has met with his Bolivian counterpart, Carlos Mesa, to outline the details of a bilateral agreement allowing Bolivian gas sales to Mexico via tankers. This plan includes constructing two gasification plants on the Mexican Pacific coast, with auctions nearing completion for the construction of facilities in Manzanillo, Colima, or Lázaro Cárdenas, Michoacán, and Baja California.

Key Takeaways:

  • The Mexican government has implemented a plan to reduce dependence on natural gas imports from Texas, USA, with a focus on liquefied gas from Bolivia and Peru.
  • The plan includes the construction of two gasification plants on the Mexican Pacific coast, with one in Manzanillo, Colima, or Lázaro Cárdenas, Michoacán, and the other in Baja California.
  • The federal government has reported that another gasification plant in Altamira, Tamaulipas, is under construction to access natural gas markets on the Atlantic coast.
  • President Vicente Fox has met with his Bolivian counterpart, Carlos Mesa, to define the details of a bilateral agreement allowing Bolivian gas sales to Mexico via tankers.
  • The Mexican government aims to reduce imports from Texas, which has some of the most expensive natural gas prices in the world, by increasing access to both the Pacific and Atlantic coasts.
  • The auctions for the construction of the gasification plants are reportedly nearly ready.
  • The bilateral agreement with Bolivia is expected to provide an alternative source of natural gas for Mexico, reducing dependence on US imports.

Statistics:

  • Two gasification plants will be constructed on the Mexican Pacific coast to allow purchases of liquefied gas from Bolivia and Peru.
  • One plant will be located in Manzanillo, Colima, or Lázaro Cárdenas, Michoacán, and the other in Baja California.
  • The federal government has reported that another gasification plant in Altamira, Tamaulipas, is under construction to access natural gas markets on the Atlantic coast.
  • The Mexican government aims to reduce imports from Texas, which has some of the most expensive natural gas prices in the world.

Sources:

  • El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX

(http://www.comtexnews.com)