Increased flow, transportation and electricity projects continue to make a more robust North American natural gas market place. Less imports from Canada and more exports to Mexico mean that the U.S. will become a net exporter of natural gas this year or next.U.S. piped gas to Mexico has more than tripled since 2010 to about 3 Bcf/day. By 2019, 15 new pipelines will more than double capacity to Mexico to around 15 Bcf/day. This is far more than anticipated imports, but extra pipeline access that would help Mexico meet peak demand.This is important because there’s basically no storage available in Mexico, lacking mature fields, aquifers, and saline domes to store natural gas. Mexico has liquefied gas storage of about 3 days, far lower than the average storage capacity for OECD countries of nearly 85 days. Since 2010, Mexico’s gas consumption is up 22%, but its production is down 11%.
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