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Global LNG analysis report 2023 – Part 4
The fourth and final part of this deep-dive analysis looks at LNG projects planned or underway across the Americas
Pemex to struggle with ambitious targets
The latest five-year plan compounds pressure on the already financially handicapped NOC
Mexico aims for Atlantic Basin FLNG success
Rapid development of significant GoM gas deposit may yet be outpaced by a quicker pipeline solution
Woodside sees long-term future for LNG
CEO Meg O’Neill is positive about the prospects for gas as the energy transition gathers pace
US LNG exports can reach 200mn t/yr – Cheniere
North America, including Mexico, can make a substantial contribution to global supply
Mexico’s Zama set to win FID battle
The ‘world-class’ field could get a green light next year, following repeated delays and a resolved operatorship dispute
Canada’s midstream rivals eye LNG opportunities
The country’s pipeline owners are poised to capitalise as North American LNG export projects proliferate
Letter from Mexico: Deepwater ambitions drowning in debt
Mexico must harness the vast resources in the Gulf to meet the government’s goal of energy autonomy
Pemex reverses production decline
Mexico’s leading energy provider enjoyed a strong quarter but will have to overcome hurdles to achieve its upstream objectives
Letter from Mexico: Amlo’s vanity project gets ever more expensive
Costs continue to spiral at a downstream development the utility of which was always questionable
Mexican president Andres Lopez Obrador
Opinion
Mexico Pemex
Conal Quinn
12 May 2022
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Letter from Mexico: Amlo’s vanity project gets ever more expensive

Costs continue to spiral at a downstream development the utility of which was always questionable

The Olmeca refinery under construction at the port of Dos Bocas in Mexican president Andres Lopez Obrador’s home state of Tabasco is central to his ambitions to both assure energy sovereignty and, generally, restore state oil firm Pemex to what the leftist sees as its former glory. The flagship project will add 340,000bl/d to the nation’s current processing capacity of 1.6mn bl/d from Pemex’s other six refineries. But it is described by one local journalist as “the most opaque construction project” in Mexican history. And industry analysts and the general public alike have been frequently left in the dark regarding its progress and cost. The president insists the refinery will be ready in ti

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