Mexico will continue to need U.S. natural gas imports over the next decade, despite efforts by the new Mexican government to reduce dependence on American natural gas, data and analytics company GlobalData said in a report on Tuesday. Currently, U.S. natural gas pipeline exports, mainly from Texas, look like a much more convenient option for Mexico than grappling with possible shortfalls of natural gas supply, according to GlobalData. “Without a comprehensive strategy that considers development of large natural gas resources, both onshore and offshore, it will be difficult to reduce the volume of imports demanded for power generation and industrial use,” the analytics firm said. The Mexican government’s approach to domestic resource development would make it difficult for the country to reduce its energy dependence, because state-owned oil and gas firm Pemex has the dominant position over much of Mexico’s gas reserves, but lacks the capital to work by […]