Mexico’s imports of pure fuel from america proceed to rise yr over yr, growing by 2.7% over the primary 4 months of 2025 to a report excessive of 6.261 billion cubic toes per day, in response to U.S. Vitality Info Administration figures.
On the similar time, fuel manufacturing by the extremely indebted state-owned Petróleos Mexicanos (Pemex) decreased 6.3% year-on-year to three.534 billion cubic toes per day (Bcf/d) from January to Might 2025, marking a second yr of decline.
Mexico is the principle purchaser of U.S. pure fuel and U.S. exports of pure fuel to Mexico have risen yearly since 2011, besides in 2022.
These will increase, together with the dip in home manufacturing, have prompted worries that Mexico is ever extra susceptible to the aggressive commerce insurance policies of U.S. President Donald Trump. Mexico makes use of fuel to provide round 60% of its electrical energy, so its heavy dependence on U.S. fuel has left specialists nervous that Trump could weaponize fuel exports to place better strain on Mexican President Claudia Sheinbaum.
“An interruption of the stream of fuel to Mexico can be past chaotic,” W. Schreiner Parker, managing director for Latin America on the power intelligence agency Rystad Vitality, advised The New York Instances. “It’s really one of many unstated the reason why Sheinbaum has been so accommodating to Trump.”
In 2024, imported pure fuel, principally from america, contributed 74.6% of Mexico’s demand, at a mean of 8.7 Bcf/d, in response to information from the Mexican Vitality Ministry. That is virtually 35% greater than the 2014 common.
Common home fuel manufacturing via Might was 15% under the 4.163 Bcf/d purpose outlined by President Sheinbaum in November 2024, when she introduced the Nationwide Technique for the Hydrocarbons and Pure Fuel Sector.
Sheinbaum’s power coverage pursues manufacturing of over 4.7 Bcf/d of fuel beginning in 2027 and reaching 5 Bcf/d by 2030. These targets seem more and more unlikely as Pemex’s oil fields mature, drilling tools turns into outdated and repair suppliers delay tasks over non-payment.
Lengthy-term, Mexico may spend money on new home unconventional fuel reserves, which may take a number of years and a major funding. Or it may diversify its power combine via renewable power enlargement, one thing Sheinbaum’s predecessor refused to do.
With experiences from El Economista, The New York Instances, Vitality Journal, Reuters and Oilprice
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our publication, and be a part of our rising group at nextbusiness24.com
