2024 US-Mexico Agenda

With the arrival of Claudia Sheinbaum as the new President of Mexico, the natural gas market faces questions and a number challenging issues including:

-Will upcoming constitutional reforms be endorsed by President Sheinbaum, including those that could eliminate the autonomous regulatory bodies, including the CRE?
-What is President Sheinbaum's energy policy, and how will it differ from that of her predecessor?
-What progress will be made on energy transition initiatives, including deployment of Combined Cycle power generation to back up intermittent energy sources including wind and solar?
-Will there be market design adjustments so that all power generators share in the costs of ensuring electric grid reliability?

This panel of distinguished industry experts will share insights and considerations around these issues, as well as expectations for how the market will evolve.

•AI Data Centers consume massive quantities of electricity.
•Additionally electric utilities across the southern half of the US and in other select areas of North America are experiencing unplanned and unprecedented load growth over the coming decade due to increased near shoring to avoid supply chain vulnerabilities and population migration issues.
•Electric grid reliability concerns have increased as more intermittent generation sources (wind & solar) are introduced into the fuel mix.
•With very high reliability requirements for AI Data Centers, on-site generation of electricity utilizing gas-fired power generation infrastructure may be a preferred option.
•This panel will examine AI Data Center and supply chain nearing demand, and consider implications for traditional natural gas demand sources (utility, powergen, industrial).
•The discussion will consider implications from various perspectives, including competition for supply, price impacts, gas infrastructure availability, exports (LNG & Mexico), contracting strategies, etc.

•Mexico's fundamentals dynamics and gas pipeline infrastructure bottlenecks and challenges.
•The opportunities and challenges of the power sector in Mexico in the context of the Sheinbaum administration. With natural gas-fired power plants accounting for over 60% of generation in the country, can Mexico meet rising demand, reduce emissions and diversify its energy sources, all at the same time?
•Liquefaction projects in Mexico. A wave of projects have been announced but only two have moved forward so far, what could their impacts be for Mexico's energy system, regional development and global LNG supply.
•What will the review of the USMCA look like in 2026?

This joint presentation will look at how natural gas molecules leave the United States and where they end up. Roughly one-fifth of US natural gas is exported by pipeline, tanker trucks, ISO containers or aboard massive LNG tankers.

With more than two dozen cross-border pipelines, Mexico is the largest single recipient of US natural gas but there are growing ISO container exports to destinations in the Caribbean, Latin America and Europe. Russia’s invasion of Ukraine had most US LNG tanker traffic to Europe but global trade patterns are shifting back to Asia.

Here in the Americas, there is a small-scale boom for imports and exports underscoring how “small is the new big” for emerging markets. Growing demand for LNG tanker truck deliveries in Mexico and the robust ISO container trade in the Caribbean has created opportunities for new market players.

Looking at US export data reveals the hot spots while market intelligence provides insight into where prices and trade patterns will be going.

Please join our hosts, the Corporate Sponsors, at a cocktail reception in your honor. Don’t make your dinner plans too early as hors d’oeuvres and an open bar will be the highlight of this extremely well attended session!