Mexico’s Sheinbaum Weighs Fracking Return to Cut U.S. Gas Dependence
Mexico is considering a return to fracking as it looks to cut its heavy reliance on U.S. natural gas imports. President Claudia Sheinbaum said her government is evaluating the development of non-conventional gas resources, including shale, as the country continues to import the bulk of its supply. Mexico consumes roughly 9 billion cubic feet of natural gas per day, but produces just 2.3 billion cubic feet domestically. The rest—about 75% to 80%—comes from the United States, primarily Texas. That dependence is becoming harder to ignore.…