Mexico, US's main route for energy exports

The US Department of Energy is evaluating the suitability to supply large volumes of natural gas, fuel, and crude oil through Mexico to reach Asian markets
Photo: File photo/ELUNIVERSAL
01/12/2017
16:58
Noé Cruz Serrano
Mexico City
-A +A

The United States does not rule out the possibility of Mexico becoming its largest market for energy exports, such as natural gas, oil, and fuel and whose main destination would be Asian markets.

The US Department of Energy is evaluating the suitability to supply large volumes of natural gas, fuel, and crude oil to the Mexican market through the new infrastructure in the country, pipelines, storage terminals, and ports, to send hydrocarbons to other parts of the world.

Currently, 54.6% of total US exports of natural gas through pipeline reach Mexico. Mexico receives 15% of the liquefied natural gas from the US market and 100% of the natural gas through overland route, according to information from the US Energy Information Administration.

Thus, Mexico could become an export route to send hydrocarbons produced in the Gulf of Mexico to the Asian market through the Isthmus of Tehuantepec, southern Mexico, since it takes about 17 days to reach China or Japan, 32% faster than through the Panama Canal in which it would take around 25 days.

It should be noted that through the new Teapa-Salina Cruz pipeline in the Isthmus of Tehuantepec up to 351,000 barrels per day can be transported, about 11% of the demand in Japan.

sg

Mantente al día con el boletín de El Universal