The country has signaled a shift toward domestic fracking as global energy prices soar due to the war in the Middle East
Mexico is looking to tap unconventional natural gas deposits to boost energy sovereignty, President Claudia Sheinbaum has said, as global energy markets reel from the shock triggered by the US-Israeli war on Iran.
The US’ southern neighbor is its biggest importer of natural gas, with the supplies covering roughly three-quarters of Mexican demand, while domestic output from conventional fields has declined and no longer meets the country’s needs.
“If we continue like this, we’re going to import more and more natural gas,”…
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