LNG in the Northwestern Coast of Mexico: Impact on Natural Gas on Both Sides of the U. S.-Mexico Border

Contenido principal del artículo

Sophie Meritet
Juan Rosellón
Alberto Elizalde

Resumen

 This paper studies the possible impacts of liquefied natural gas (LNG) projects on natural gas prices on both sides of the U. S.-Mexico border in California. In that state gas prices are high and demand is expected to grow. Several projects for LNG facilities have been proposed and have to cope with public opinions against them. In Baja California, four LNG projects are under development given the rising demand forecasted for the next years. After a detailed study of the opportunity for LNG projects, we conclude with an analysis of the fundamentals of the current and future price formation in both sides of the U. S.- Mexico border.RESUMENEste artículo estudia los posibles impactos de los proyectos de gas natural licuado (GNL) sobre los precios del gas natural en ambos lados de la frontera Estados Unidos-México en el área de California. En California, los precios son altos y la demanda se espera que crezca. Varios proyectos de instalaciones de GNL han sido propuestos y tienen que lidiar con opiniones públicas en su contra. En Baja California, cuatro proyectos de GNL están en desarrollo, dada la alta demanda pronosticada para los años siguientes. Después de un estudio detallado de las oportunidades para proyectos de GNL, concluimos con un análisis de los fundamentos de la formación actual y futura de precios en ambos lados de la frontera.

Detalles del artículo

Cómo citar
Meritet, S., Rosellón, J., & Elizalde, A. (2017). LNG in the Northwestern Coast of Mexico: Impact on Natural Gas on Both Sides of the U. S.-Mexico Border. Frontera Norte, 18(36), 7–27. https://doi.org/10.17428/rfn.v18i36.1025
Sección
Artículos

Citas

Bazán, Gerardo, A. Elizalde and J. Puente, 2004, Real Options Valuation Modeling: A Vivid Application in Liquefied Natural Gas Facilities and Electric Power Generation in the Northwestern Coast of Mexico, Proceedings of the 19th World Energy Congress & Exhibition, Sydney, Australia, September 2004.

Brito, D. L. and J. Rosellón, 2002, “Pricing Natural Gas in Mexico: An Application of the Little Mirrlees Rule,” The Energy Journal, 24 (3).

_____and J. Rosellón, 2005, Liquid Natural Gas and a New Policy for Pricing Natural Gas in Mexico, Working Paper, Centro de Investigación y Docencia Económicas (forthcoming).

_____and J. Rosellón, 2005, “Price Regulation in a Vertically Integrated Natural Gas Industry: The Case of Mexico,” The Review of Network Economics, 4 (1), March.

California Energy Commission (2005), California's Major Sources of Energy, California, U.S.A.

Comisión Reguladora de Energía (2005), www.cre.gob.mx , Mexico, June.

Energy Information Administration, 2003, The Global Liquefied Natural Gas Markets: Status and Outlook, Washington, D. C.: EIA, U. S. Department of Energy.

______, 2004, Annual Energy Outlook 2004, Washington, D. C.: Energy Information Administration, U. S. Department of Energy.

Federal Energy Regulatory Commission (2005), Existing and Proposed North American LNG Terminals, Office of Energy Projects, Washington, D. C., U.S.A.

Ferguson, R., 2003, Natural Gas: The Next Energy Crisis, Center for Energy Efficiency and Renewable Technologies, September.

Hartley Peter and Medlock III Kenneth, 2005, Russian Natural Gas Supply: Some Implications for Japan, Rice University.

Institute for Energy, Law and Enterprise, 2004, The Role of LNG in North American Natural Gas Supply and Demand, IELE, September.

Jensen T., 2004, US Reliance on International Liquefied Natural Gas Supply, policy paper prepared for the National Commission on Energy Policy, February.

Lajous, A., 2005, “El mercado de gas natural y su regulación,” paper presented at the seminar Las Alternativas Energéticas México-Estados Unidos para el Siglo XXI, Mexico City: Universidad Nacional Autónoma de México, May.

Meritet Sophie and A. Elizalde, 2004, Developing LNG in North America: Impact on Prices of Natural Gas, Proceedings of the 25th Annual North American Conference of the USAEE/IAEE, Washington, D. C., U.S.A., July.

NAEW, 2005, North American Natural Gas Vision, North American Energy Working Group Experts' Group on Natural Gas Trade and Interconnections, January.

Petróleos Mexicanos, 2004, Las reservas de hidrocarburos de México, 2004, Pemex Exploration and Production. Secretary of Energy, 2004a, Prospectiva del mercado de gas natural 2004-2013, Mexico: Sener.

_______, 2004b, Prospectiva del sector eléctrico 2004-2013, Mexico: Sener.

Wolak, 2004, Liquefied Natural Gas (LNG) Is Essential to California's Energy Future, Stanford Institute for Economic Policy Research Policy Brief, December.