Mexports reach 2026 peak in August before seasonal decline, says Wood Mackenzie
US natural gas pipeline exports to Mexico (Mexports) are closing August at a record monthly average of almost 7.9 Bcf/d, according to Wood Mackenzie. Incremental volumes from West Texas (WTX) and South Texas (STX) are the primary drivers behind this milestone. Both US regions are posting all-time highs in monthly averages and single-day flows. On ...
U.S. natural gas pipeline exports to Mexico (Mexports) have reached a record monthly average of nearly 7.9 billion cubic feet per day (Bcf/d) in August, according to Wood Mackenzie. Rising volumes from West Texas (WTX) and South Texas (STX) are the main factors behind this achievement. Both U.S. regions are setting all-time highs in monthly averages and individual daily flows. On August 13, WTX rose to nearly 2.3 Bcf/d, and on August 26, STX surpassed 5.4 Bcf/d.
Natural gas is used for power generation, and its demand has hit a new all-time monthly average of over 5.8 Bcf/d during August. Wood Mackenzie predicts that Mexports have now reached their 2026 peak. Although volumes remain strong in early September, a downward trend is anticipated soon. From this point, Mexican gas and power markets will undergo a gradual seasonal decline, fueled by reduced cooling loads, maintenance breaks during the shoulder season, and decreased demand during the holiday period.
According to Ricardo Falcón, Research Manager at Wood Mackenzie's Mexico Natural Gas division, "August's record Mexport flows are a result of both Mexico's gas-fired power sector's structural growth and the intensity of this year's cooling season. As temperatures moderate and maintenance windows open, we anticipate volumes to decline. However, the medium-term outlook remains positive due to the ongoing expansion of Mexico's combined-cycle fleet."
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