Natural gas storage is needed in Mexico' IMCO

The Mexican Institute for Competitiveness assured that Mexico needs natural gas storage for its energy security, the country has only 2.24 days of natural gas storage in three facilities.

They highlighted that this figure is below the average storage days of countries such as Austria (318.3), France (98.8), Italy (93.8) or Spain (34.2). In Mexico it is possible to store natural gas in depleted hydrocarbon deposits, confined aquifers, salt caverns and liquefied natural gas tanks.

The country has the objective, as of 2018, to reach 5 days of storage, however, the necessary infrastructure has not been developed to achieve this goal.

Given this, IMCO proposes to retake the 2018 Storage policy and update it to the current demand with the objective of having at least 5 days of storage in the medium term.

Resume natural gas storage projects in depleted onshore hydrocarbon fields in Acuyo (Chiapas), Brasil (Tamaulipas), Jaf (Veracruz) and Saramako (Tabasco), as well as others that the authorities determine through technical opinions.