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Mexican Giant Pemex Struggles to Lift Natural Gas Production

Natural Gas Intelligence · last updated

National oil company Petróleos Mexicanos (Pemex) saw third quarter natural gas production slip year/year despite additional financial backing from the state as Mexico tries to undo its dependence on U.S. imports of the fuel.

Bar chart titled “Pemex Natural Gas Production” showing quarterly production volumes from 3Q2024 through 3Q2025. Output declines from 3,749 MMcf/d in 3Q2024 to a low of 3,502 MMcf/d in 1Q2025, before rebounding to 3,730 MMcf/d in 3Q2025. Data sourced from Petróleos Mexicanos (Pemex), excluding nitrogen production.

At A Glance:

  • Output drops amid mature field declines
  • Ixachi, Bakté fields offset small portion
  • Debt reduction, supplier payments remain priorities

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