Russia has expressed intent to supply Mexico with liquefied natural gas (LNG) and share energy technologies, said the Russian Embassy in Mexico. This step is expected to solve challenging geopolitical conditions and improving efficiency of oil processing.
“We are already working with Mexico. We have excellent LNG technologies, and we are ready to share these technologies and supply LNG as well,” said Russian Energy Minister Sergei Tsivilev.
Mexico currently depends on 72% of natural gas imports, mostly from the U.S, primarily for electricity generation and industrial uses, with the majority of natural gas deliveries being transported via pipelines.
Meanwhile, Petróleos Mexicanos state oil company (Pemex) said in May that it was reopening a part of its 30,000 wells, one third of which is closed, to meet the production target of 1.8 million barrels per day (mmbbl/d), according to Reuters.
In January, Reuters reported that Mexico was speeding up plans to double its strategic gas storage capacity by 2025-2026 to improve energy security against supply shortages or geopolitical risks.
