By Natalia Siniawski
MEXICO CITY (Reuters) -Russia is able to provide liquefied pure fuel (LNG) to Mexico and share power sector applied sciences, the Russian embassy in Mexico mentioned on Saturday on X.
“We’re already working with Mexico. We have now glorious LNG applied sciences, and we’re able to share these applied sciences and provide LNG as effectively,” Russian Vitality Minister Sergei Tsivilev mentioned.
Russia is ready to supply oil extraction applied sciences suited to difficult geological situations, in addition to options geared toward enhancing the effectivity of oil processing, the embassy added.
Mexico’s state oil firm Pemex mentioned in Might it was working to reopen closed wells to spice up manufacturing, because it struggles to satisfy the federal government’s output goal of 1.8 million barrels per day.
Pemex has greater than 30,000 wells throughout the nation, a few third of that are shut. Inner paperwork reviewed by Reuters present the corporate is prioritizing wells with the potential to ramp up crude, fuel or condensate output, although progress has been sluggish resulting from restricted funding and ageing infrastructure.
Mexico meets 72% of its whole demand for pure fuel via imports, nearly totally from the US. The gasoline is used primarily to generate electrical energy and for industrial actions, with the overwhelming majority of fuel imports carried by pipeline.
In January, sources advised Reuters Mexico was dashing up plans to double its strategic fuel storage amid considerations that U.S. President Donald Trump may use the nation’s dependence on U.S. fuel as leverage.
The heavy reliance on U.S. imports, highlighted by disruptions just like the 2021 Texas winter storm that induced widespread outages and losses, has pushed Mexico to spice up storage capability by 2025-2026 to enhance power safety and guard in opposition to provide shocks or geopolitical dangers.
Pemex and the Mexican presidency didn’t instantly reply to a request for remark.
(Reporting by Natalia Siniawski and Deisy Buitargo in Caracas; enhancing by Diane Craft and Marguerita Choy)
