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Mexico eyes more fracking as Trump sparks fear over US gas reliance

Financial Times LogoFinancial Times1w ago

Mexico eyes more fracking as Trump sparks fear over US gas reliance - Financial Times

Quick Summary:

Some of Mexico’s reserves are in the Burgos Basin, an extension near the US border that connects to the Eagle Ford shale basin in Texas, one of the largest shale areas in the US.

As an event on Thursday, Sheinbaum said she wanted to reduce natural gas imports from the US by increasing production in Mexico to 3.834bn cubic ft a day to 5bn cubic ft a day in 2030 with “sustainable” methods.

Ex-president Enrique Peña Nieto began a process to award contracts in 2018, but they were swiftly cancelled by his successor, Sheinbaum’s mentor Andrés Manuel López Obrador.


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Article Details

Author / Journalist: Christine Murray

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 04:00:50 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27704179

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 5 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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