IMARC Group has recently released a new research study titled “Mexico Natural Gas Market Size, Share, Trends and Forecast by Type and Region, 2025-2033” which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico natural gas market size was valued at USD 13.53 Billion in 2024 and is projected to reach USD 30.02 Billion by 2033, growing at a CAGR of 8.30% during the forecast period 2025-2033. Market growth is driven by surging demand from the power sector, declining domestic production, and increased pipeline imports from the US due to its proximity and lower cost. Infrastructure development and nearshoring trends also significantly contribute to industry expansion.

Study Assumption Years

●     Base Year: 2024

●     Historical Year/Period: 2019-2024

●     Forecast Year/Period: 2025-2033

Mexico Natural Gas Market Key Takeaways

●     Current Market Size: USD 13.53 Billion in 2024

●     CAGR: 8.30% (2025-2033)

●     Forecast Period: 2025-2033

●     Mexico aims for 5 Bcf/d natural gas output by 2030 using a new shared participation model.

●     Pemex guarantees a 40% stake in tenders, attracting firms like Grupo Carso with government ties.

●     Mexico's LNG sector is expected to expand significantly, with industrial demand projected to increase by 25% by 2040.

●     Government reforms target 45% clean energy by 2030, up from 24.3% in 2024.

●     Strategic focus on enhancing LNG storage, transportation, domestic production, and export capacity.

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Mexico Natural Gas Market Growth Factors

The Mexico natural gas market growth is largely driven by increasing demand from the power sector, coupled with declining domestic natural gas production. This decline is being mitigated by a greater reliance on pipeline imports from the US, which are favored for their lower cost and proximity to Mexico. Infrastructure expansion and nearshoring trends also play key roles in facilitating market growth, as industrial activity intensifies and requires more natural gas for energy consumption.

Mexico is pursuing an ambitious domestic production strategy through a novel shared participation model. The nation targets 5 Bcf/d gas output by 2030, focusing on four key fields for upcoming tenders. Pemex guarantees a 40% share in these tenders, which attracts local firms such as Grupo Carso with existing government ties. This approach privileges domestic firms and aims to boost internal capacity and energy self-sufficiency, potentially limiting international expertise in complex extraction projects.

The liquefied natural gas (LNG) sector in Mexico is poised for substantial expansion, propelled by government initiatives aimed at increasing clean energy adoption to 45% by 2030, up from 24.3% in 2024. Industrial demand for LNG is expected to grow by approximately 25% by 2040 compared to current levels. Investment opportunities arise in enhancing LNG storage, extending transport infrastructure to underserved regions, boosting indigenous production, and positioning Mexico as a significant LNG exporter. These developments aim to diversify energy sources, reduce dependence on single suppliers, and strengthen the national energy profile in the global market.

Mexico Natural Gas Market Segmentation

Type Insights:

●     Compressed Natural Gas: Not provided in source.

●     Piped Natural Gas: Not provided in source.

●     Liquefied Petroleum Gas: Not provided in source.

Regional Insights:

●     Northern Mexico

●     Central Mexico

●     Southern Mexico

●     Others

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Recent Developments & News

In May 2025, TC Energy Corp. completed a 444-mile Southeast Gateway natural gas pipeline in Mexico with a capacity of 1.3 Bcf/d. This pipeline is contracted until 2055 and is expected to significantly bolster natural gas supply in Mexico's central and southeastern regions, supporting new power plants.

Key Players

●     Grupo Carso

●     Pemex

●     TC Energy Corp.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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