Mexico’s US Gas Imports Fall 2.33% in July

Mexico’s natural gas pipeline imports from the United States fell 2.33% in July 2025, slipping from 217.9Bcf in July 2024 to 212.8Bcf. It was the first month this year to register a year-on-year decline. From January through July, Mexico imported an average of 201.4Bcf per month, equivalent to 6.68Bcf/d. The country also brought in an additional 1.5Bcf of LNG from the US, marking only the second such delivery this year after April.

At an average price of US$2.87/Mcf, July imports cost Mexico about US$610.7 million. By the end of July, spending on US gas totaled roughly US$4.3 billion, based on an average price of US$3.05/Mcf. Despite the slowdown, import volumes typically peak in August. In 2024, monthly imports reached a high of 221Bcf, a record already surpassed in May 2025, when inflows climbed to 225.3Bcf.

Mexico remains the largest buyer of US gas, taking in more than twice the daily volumes shipped to Canada, the second-biggest importer at around 2.86Bcf/d. France and the Netherlands ranked next, with 1.76Bcf/d and 1.74Bcf/d, respectively, via LNG.

Natural gas has powered more than half of Mexico’s electricity supply since 2009. By 2024, the fuel accounted for 58% of total generation, up from under 20% in 2000. Today, over half of Mexico’s electricity relies on US imports, as domestic output continues to trail demand. Last year, US pipeline gas covered nearly 75% of national consumption, averaging about 8.7Bcf/d, according to the Energy Ministry.