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MEXICO CITY/NEW YORK (Reuters) - Oil trading firms, including Trafigura, are supplying Mexico with emergency cargoes of liquefied natural gas (LNG) to overcome a power crisis caused by interrupted U.S. natural gas supplies, three sources close to the purchases said.
FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva, Switzerland, March 11, 2012. REUTERS/Denis Balibouse
Mexico’s state-run power company Comision Federal de Electricidad (CFE) last week resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap.