The Mexican natural gas market reached USD 14.7 billion in 2025. Looking ahead, IMARC Group expects the market to reach USD 30.4 billion by 2034 , exhibiting a compound annual growth rate (CAGR) of 8.21% during 2026-2034 . Increasing demand from the electricity sector, declining domestic production, and growing reliance on pipeline imports from the US, due to their low cost and proximity, are some of the factors contributing to Mexico's natural gas market share. Infrastructure development and the trend toward offshoring also play a significant role.
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Report attribute
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Key statistics
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Base year
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2025
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Projected years
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2026-2034 |
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Historical years
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2020-2025 |
| Market size in 2025 | USD 14.7 billion |
| Market forecast in 2034 | USD 30.4 billion |
| Market growth rate 2026-2034 | 8.21% |
Increased domestic natural gas production
A significant shift is underway in Mexico's natural gas production ambitions. The country is aiming for ambitious production driven by a novel collaborative development framework. This model emphasizes shared ownership, initially focusing on key fields for upcoming tenders. A substantial stake is guaranteed for the national oil company, generating considerable interest among local entities, particularly those with government ties. This strategic shift appears to favor domestic companies, potentially influencing the scope of international technical contributions, especially for the most intricate and challenging extraction tasks. The underlying objective is to strengthen domestic capacity and achieve greater energy self-sufficiency. These factors are accelerating the growth of the natural gas market in Mexico. For example, according to an article published in May 2025, Mexico aims for 5 billion cubic feet per day (Bcf/d) of gas production by 2030 through a new shared ownership model, prioritizing four fields for tenders. Pemex guarantees a 40% stake, which attracts companies like Grupo Carso, linked to the government. This strategy favors domestic companies, potentially limiting international expertise in complex projects.
Growing role in the global LNG landscape
The liquefied natural gas (LNG) sector in Mexico is poised for significant expansion, driven by government initiatives aimed at increasing the adoption of clean energy. This strategic direction anticipates a substantial increase in industrial demand for this cleaner fuel. Investment opportunities are emerging in various segments, such as upgrading storage capacity, expanding transportation networks to currently underserved areas, boosting domestic production, and consolidating the country's position as an LNG exporter. This overall push aims to diversify energy sources and reduce dependence on single suppliers, establishing a stronger and more self-sufficient energy profile for the country within the broader international market. For example, according to an article published in February 2025, Mexico's LNG market is ready for significant expansion, fueled by government reforms targeting 45% clean energy by 2030 (up from 24.3% in 2024). Industrial demand for LNG is projected to grow substantially, increasing by 25% by 2040 compared to current levels. Key investment opportunities exist in storage, transportation to underserved regions, boosting domestic production, and establishing Mexico as an LNG exporter, thereby reducing dependence on single suppliers.
The IMARC Group offers an analysis of key trends in each market segment, along with national and regional forecasts for 2026-2034. Our report has categorized the market based on type.
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Insights Type:
The report offers a detailed breakdown and analysis of the market by type. It includes compressed natural gas, piped natural gas, and liquefied petroleum gas.
Regional perspectives:
The report also provided a comprehensive analysis of key regional markets, including northern Mexico, central Mexico, southern Mexico, and others.
The market research report also provides a comprehensive analysis of the competitive landscape. This includes competitive analysis such as market structure, key player positioning, leading winning strategies, a competitive dashboard, and a company assessment quadrant. Detailed profiles of the top companies are also provided.
| Report features | Details |
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| Base year of the analysis | 2025 |
| Historical period | 2020-2025 |
| Forecast period | 2026-2034 |
| Units | one billion USD |
| Scope of the report |
Analysis of historical trends and market outlooks, catalysts and challenges in the sector, historical and future market assessment by segment:
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| Types covered | Compressed natural gas, piped natural gas, liquefied petroleum gas |
| Covered Regions | Northern Mexico, Central Mexico, Southern Mexico, Other |
| Scope of customization | 10% Free Personalization |
| Post-sales analyst support | 10-12 weeks |
| Delivery format | PDF and Excel via email (we can also provide the editable version of the report in PPT/Word format upon special request) |
Key questions answered in this report:
Main benefits for stakeholders: