The Mexico natural gas market size reached USD 13.53 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 30.02 Billion by 2033, exhibiting a growth rate (CAGR) of 8.30% during 2025-2033. Surging power sector demand, declining domestic production, and increasing reliance on pipeline imports from the US, due to its low cost and proximity, are some of the factors contributing to Mexico natural gas market share. Infrastructure development and nearshoring trends also play a significant role.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 13.53 Billion |
Market Forecast in 2033 | USD 30.02 Billion |
Market Growth Rate 2025-2033 | 8.30% |
Expanding Domestic Natural Gas Production
A significant shift is underway in Mexico's natural gas production ambitions. The nation is targeting an ambitious output driven by a novel collaborative development framework. This model emphasizes shared participation, initially focusing on key fields for upcoming tenders. A substantial stake is guaranteed for the national oil company, fostering strong interest from local entities, particularly those with existing governmental relationships. This strategic pivot appears to favor domestic firms, potentially influencing the breadth of international technical contributions, especially for more intricate and challenging extraction endeavors. The underlying aim is to bolster internal capacity and achieve greater energy self-sufficiency. These factors are intensifying the Mexico natural gas market growth. For example, according to an article published in May 2025, Mexico aims for 5 Bcf/d gas output by 2030 via a new shared participation model, prioritizing four fields for tenders. Pemex guarantees a 40% share, attracting firms like Grupo Carso with government ties. This strategy favors domestic companies, potentially limiting international expertise in complex projects.
Growing Role in the Global LNG Landscape
Mexico's liquefied natural gas sector is poised for considerable expansion, fueled by governmental initiatives aimed at increasing clean energy adoption. This strategic direction anticipates a substantial rise in industrial demand for this cleaner fuel. Opportunities for investment are emerging across various segments, including enhancing storage capabilities, extending transportation networks to currently underserved areas, boosting indigenous production, and solidifying the nation's position as an LNG exporter. This overarching push aims to diversify energy sources and reduce reliance on single suppliers, establishing a more robust and self-sufficient energy profile for the country within the broader international market. For instance, as per an article published in February 2025, Mexico's LNG market is set for significant expansion, driven by government reforms targeting 45% clean energy by 2030 (up from 24.3% in 2024). Industrial demand for LNG is projected to grow substantially, with a 25% increase by 2040 from current levels. Key investment opportunities exist in storage, transportation to underserved regions, boosting domestic production, and establishing Mexico as an LNG exporter, reducing reliance on single suppliers.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes compressed natural gas, piped natural gas, and liquefied petroleum gas.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Compressed Natural Gas, Piped Natural Gas, Liquefied Petroleum Gas |
Regions Covered | Northern Mexico, Central Mexico, Southern Mexico, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: