Commodity market report
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8 Pages

Mexico gas market H1 2016 – growth and uncertainty


Mexico gas market H1 2016 – growth and uncertainty

Report summary

Mexican gas demand is expected to average 2.7% growth until 2035. The power sector accounts for nearly 70% of this growth, supported by an additional 19.2 GW of gas-fired capacity to be added by 2018. Recent power auction results indicated renewables could compete with gas and are a key risk to gas demand. By changing gas and power regulations, the government is trying to create a market similar to that in the US. However, there is substantial uncertainty in how the market will operate under the new regulations.

Production is expected to continue to decline as investment targets oil. By 2023 gas production is at its minimum: 1,035 mmcfd. Associated gas from the deep-water Perdido basin modestly increases production post-2025.

Declining production and growing demand will force Mexico to become more dependent on imports. From 2015 to 2025, imports from the US are expected to increase from 2.8 bcfd to 6.4 bcfd. Over US$12 billion is being invested in new pipelines.

What's included?

This report includes 1 file(s)

  • Mexico gas market H1 2016 – growth and uncertainty PDF - 8.59 MB 8 Pages, 0 Tables, 4 Figures

Description

Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Long Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this long term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
    • Demand
    • Gas demand by sector
    • Production
    • Round 1
    • Round 2
    • Trade
    • LNG Exports
    • Regulation and Energy Reform
    • Midstream

In this report there are 4 tables or charts, including:

  • Executive summary
    • Power Generation by fuel
    • Gas supply
    • Mexico gas and power map
    • Cross-border pipeline capacity and Mexican imports from the US
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