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Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
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Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that
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Mexican President Claudia Sheinbaum on Wednesday announced plans to tap into unconventional natural gas deposits in an effort to lower her country’s reliance on foreign energy at a time when the Iran war is disrupting global energy markets.

But Sheinbaum — a scientist and climate expert — notably avoided the term hydraulic fracturing or “fracking,” a drilling method used to extract oil and natural gas from deep underground bedrock using a highly pressurized liquid. Instead, she framed the initiative as a quest for “sustainable” extraction, emphasizing that environmental impacts would be minimized to the greatest extent possible.

The technical feasibility of “sustainable fracking” is a subject of significant debate among environmental scientists and energy experts. But Sheinbaum said a technical committee will spend two months evaluating less harmful methods, such as utilizing nonpotable water and reducing chemical additives. The committee will also assess the potential costs of these mitigations, she said.

“All the gas we import comes from a type of extraction that has environmental impacts” and is “100 meters from the Mexican border,” she noted, alluding to fracking projects in Texas.

Mexico is the world’s single largest buyer of U.S. gas.

While noting that natural gas import contracts with the U.S. remain secure and the bilateral relationship is strong, she argued that increasing energy sovereignty is a responsible necessity. “Is more gas needed? Yes. Can all gas be replaced? Hardly,” she added.

Since assuming power in October 2024, Sheinbaum has pledged to expand renewable energy while maintaining firm support for the state-owned Petróleos Mexicanos. On Wednesday, she defended this stance by arguing that fossil fuels remain an essential component of Mexico’s energy landscape.

Sheinbaum said the priority is to reduce external energy dependence in turbulent times and avoid situations like the one experienced in Europe with the shortage of Russian gas during the war in Ukraine or the one caused by the current war in the Middle East.

Wednesday’s proposal — which is certain to spark controversy — comes amid a surge in infrastructure projects designed to increase U.S. gas imports. These developments aim to satisfy Mexico’s rising domestic electricity demand while positioning the country as a hub for re-exporting gas to Asian and European markets.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.



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