Mexican officials have sounded the warning that their U.S. natural gas supplies could be threatened by growing competition for the molecule in Europe and Asia as the U.S. Gulf Coast develops massive amounts of export capacity.

Line chart titled “NGI’s Houston Ship Channel Daily Prices” showing U.S. natural gas spot prices in dollars per MMBtu from November 2024 through November 2025. Prices rise sharply above $8.00 in early January 2025 before stabilizing between $2.00 and $3.00 for most of 2025, highlighting winter volatility followed by steady summer trading at the Houston Ship Channel benchmark.

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At A Glance:

Historic U.S. LNG buildoutTraders bearish HSCPermian takeaway growth boosts stability