LNG likely to be best placater of Mexico's growing gas demand.

Publication: Oil and Gas Investor

Publication Date: 01-MAR-06

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COPYRIGHT 2006 Hart Publications, Inc.

Pemex and Mexican government officials are expecting liquefied natural gas (LNG) imports to ease an unrelenting, growing gas-supply deficit in the country. Mexico's gas demand is 5 billion cubic feet (Bcf) per day--far smaller than the 62.4 Bcf that U.S. consumers use daily. In contrast, Americans may burn 5 Bcf in their morning showers.

And, Mexico's gas reserves are huge--estimated at 63.9 trillion cubic feet of proved, probable and possible.

But since the late 1990s,...

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