Supply Chain Research

The Mexican government will release an updated national energy plan in April that will allow Pemex to “share its upstream risk” by diversifying natural gas supplies. That’s not a surprise given previous statements from President Andres Manuel Lopez Obrador regarding the oil sector. Mexico’s imports of natural gas surged 21.6% higher year over year in 2018 to reach $7.81 billion. The U.S. is the primary supplier with 89.9% of imports in 2018 when including pipeline and liquefied gas while imports of LNG from outside the U.S. actually fell in 2018. Changing sourcing should be possible by g...