Friday, May 2, 2025
Mexico weighs increasing fracking to reduce reliance on US gas, FT reports- oil and gas 360

Mexico weighs increasing fracking to reduce reliance on US gas, FT reports

(BOE Report) – Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday. Imports, which are almost entirely from the United States, meet 72% of the total demand for natural gas consumed in Mexico. Any policy change to

EU seeks more US gas, renewable energy to replace Russian supplies- oil and gas 360

EU seeks more US gas, renewable energy to replace Russian supplies

(BOE Report) – The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU’s energy commissioner has said. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine. While Russian pipeline