Could Mexico be the next Panama Canal for gas? Drillers think so

Since the first shale gas export terminal opened in Louisiana last year, America’s drillers have seen at least 75 cargoes of their fuel sail through the Panama Canal bound for markets in Asia.

Now they’re looking for a cheaper and quicker route. And they’ve turned to Mexico for help.

Aldo Flores, Mexico’s deputy energy secretary, said Thursday that the government’s in talks with shale drillers in West Texas about a potential pipeline that would send their gas straight to Mexico’s west coast, where it could then be liquefied and shipped overseas.

Source: Bloomberg