NAFTA exit could hamper US gas exports to Mexico, speaker warns

Oil and Gas Journal ^ | 1/16/18 | Nick Snow

[brownwill6767]

A US withdrawal from the North American Free Trade Agreement could create an additional delay for projects seeking to export US natural gas to Mexico, dealing an unnecessary blow to the Trump administration’s goal of establishing US energy dominance, an American Petroleum Institute official warned during a Jan. 16 discussion at the Heritage Foundation.

[brownwill6767]

The US Department of Energy would need to certify that each gas export project to Mexico is in the US national interest because the country no longer would be part of a free-trade agreement with the US, explained Aaron Padilla, API’s senior advisor for international policy. “We need provisions that make US companies confident in investing in Mexico,” Padilla said, adding that such cross-border investments represent 19% of the foreign commitments in 31 upstream blocks leased there since the country’s energy reforms began in 2014. New Mexico has taken the lead in increasing energy exports across the southern US border, noted Daniel Fine, associate director of the Center for Energy Policy at the New Mexico Institute of Mining and Technology in Socorro. “The biggest surprise was Mexico’s demand for gas and power increase as American geoscience produced the first shale gas and, later, shale oil,” Fine said. “Our goal is to move more of New Mexico’s gas into Mexico. But if trade between our two countries goes off the rails, companies from France and elsewhere are ready to step in.”

[Governor Dinwiddie]

Oh, no! Instead of having 150 potential customers, now we will only have 149.
 

[sarge83]

Lots of other countries out there eager to buy. Go be like Venezuela Pedro it’s your call and loss.

[tomkat]

color me devastated

[DoughtyOne]

“...speaker warns...”

LOL

I’m sure Trump never gave that a second thought.

In truth, he’s about ten chess moves on further down the road.

He doesn’t go off half-cocked.

[JPJones]

So ship it somewhere else.

[ASOC]

We need provisions that make US companies confident in investing in Mexico,” Padilla said.

And I care because?

Do they even pay for the gas they get?

[RetiredTexasVet]

Better get cash up front when selling to a “sh!thole” ... Vicente Fox’s designation of Meh-e-coh!

[Kozy]

So do it. They won’t have fuel to cook the meth. We don’t need them .

[null and void]

I'm pretty sure Mexico will figure out a way to import cheap Norteamericano gas...

[SunkenCiv]

Oh yeah, that sounds like we're in grave danger. Mexico could decide to blow off NAFTA and suddenly not be able to sell anything in the US, and decide to go back to using dung and wood for heating and cooking. Sure, gonna happen really soon. Thanks brownwill6767.

[cpdiii]

They will buy the gas regardless. Not to buy the gas means it would have to come from the Middle East via ships as Liquified Natural Gas. This adds dramatically to the cost, double to triple depending on where it is delivered.

They will buy the gas.

[trebb]

“We need provisions that make US companies confident in investing in Mexico,”

I guess we know who he backs.....