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Mexico Natural Gas Imports Hit Records With ‘Non-Compliant Molecules’ Upping Needs — Spotlight

Natural Gas Intelligence · last updated

Mexico hit an all-time monthly high of imports of U.S. natural gas in May, and so far in June, flows have kept apace.

Line and bar chart comparing NGI's Agua Dulce and Waha bidweek natural gas prices in $US/MMBtu with average US natural gas pipeline exports to Mexico measured in Bcf/d from May 2023 through June 2025. The chart shows Agua Dulce prices trending generally above Waha prices, with exports fluctuating but generally increasing over time. Data source noted as NGI's Bidweek Survey, NGI calculations, Various EBBs, and Wood Mackenzie.

U.S. pipeline exports to Mexico in May averaged 7.85 Bcf/d, up almost 500 MMcf/d versus May 2024, according to NGI calculations.

“This may soon be eclipsed with the final June 2025 average monthly figure, which currently sits at 7.75 Bcf/d,” said NGI senior energy analyst Josiah Clinedinst.