Mexico’s reliance on Texas natural gas depends on NAFTA. Much ado has been made about overseas exports of U.S. natural gas. Picture the images of giant carriers pulling out of seaside terminals along the Gulf Coast, destined for Latin America or Asia through the newly widened Panama Canal. But a quieter affair with neighboring Mexico, conducted via a growing network of subterranean pipelines, has had an even greater bearing on the U.S. energy export market. Four years after overhauling its energy policies, Mexico has come to rely ever more heavily on inexpensive and plentiful natural gas from West Texas as its own production plummets. It’s a serious relationship, and its future largely depends on the North American Free Trade Agreement, which makes it easier for Texas oil and gas producers to pipe their products across the border. Representatives from the U.S., Mexico and Canada met this week in Mexico City to renegotiate the longstanding agreement, which the Trump administration has criticized as unfair. “We have a lot at stake as NAFTA negotiations continue,” said Todd Staples, president of the Texas Oil and Gas Association, a trade group.
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Trump is renegotiating NAFTA to get the USA a better deal…meaning MORE gas and LNG sales to Mexico…less trade deficit, more profit for the USA.