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2018-11-30 11:20:00

MEXICO'S GAS DOWN

MEXICO'S GAS DOWN

U.S. EIA - Dry natural gas production in Mexico has fallen 38% since 2012 because of declining reserves, a low price environment, and limited exploration and production of new wells. Mexico's dry natural gas production was 2.4 billion cubic feet per day (Bcf/d) in October 2018, according to Petróleos Mexicanos (PEMEX). This level is down 7% from year-ago levels, when production averaged 2.5 Bcf/d, and down 21% from two years ago, when production averaged 3.0 Bcf/d.

President-elect Andrés Manuel López Obrador from the National Regeneration Movement, a Social Democratic party, is set to take office on December 1. One of his initiatives is to reevaluate Mexico's…

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Tags: MEXICO, GAS
Chronicle:
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