In 2023, Mexico's liquefied natural gas (LNG) import stood at 590 million cubic meters. Forecasts indicate an increase to 620 million cubic meters in 2024, representing a 5.1% year-on-year rise. This upward trend continues with a 4.8% increase to 650 million cubic meters in 2025. Further increments project imports to reach 670 million cubic meters by 2026, 690 million cubic meters by 2027, and 710 million cubic meters by 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 stands at approximately 3.4%.
Key future trends to watch for include:
• Advances in LNG technology and infrastructure in Mexico.
• Shifts in global energy prices affecting import costs.
• Mexico's energy policy changes impacting LNG demand and imports.
• Potential competition from alternative energy sources impacting LNG market share.
