Mexico Pipeline Standoff Crimps Crucial Outlet for Permian Basin Gas Supply

摘要

Permian Basin producers counting on Mexico to absorb the evergrowing gas glut may have to wait a bit longer thanks to persistent pipeline construction delays driven by politics south of the border.An ongoing dispute between Mexican President Andres Manuel Lopez Obrador and pipeline operators over the terms of transport contracts have restricted gas export flows,one of several factors causing Permian spot prices to crater and forcing producers to flare huge volumes into the atmosphere(NGW Jul.1’19).