Mexico, US and Canada launch joint energy information portal
Mexico, the US and Canada have launched the North American Cooperation on Energy Information portal, offering data on each ones' energy markets.
The portal provides data on crude oil flows among the countries, as well as map resources with border crossing pipelines, power stations (fuel-fired and renewable powered), natural gas processing plants and storage depots.
"As physical infrastructure continues to be built across North America, the three energy markets are becoming increasingly interdependent. With free trade treatment of many energy commodities, Mexico, Canada and the US include each other's largest import and export markets for many of these commodities," the portal states.
Mexico, the US and Canada have taken further steps to integration in recent months, with energy ministers meeting in November to discuss the three countries' shared goals.
Also read: Mexico's energy sector seen withstanding US policy shift
Geographic proximity has also led to some degree of market integration, as regional electricity markets extend across the US-Canada border, broadening the market in both countries. But North America's geographic isolation also creates trade barriers for energy commodities such as natural gas and electricity, as commodities like crude oil and petroleum products travel more readily over water.
Natural gas, however, follows a north-south flow pattern on a net basis from Canada to the US and into Mexico.
Also read: 2nd undersea Texas-Mexico natgas pipeline gets green light
Mexico, Canada, and the US can be understood as semi-integrated, regional energy market with internal commodity flows and external links to the rest of the world, the portal states.
To understand and anticipate the future of energy markets within their borders, the governments of the three countries produce forward-looking energy outlooks, each with certain assumptions about other North American energy markets, including prices, infrastructure growth, and commodity trade flows.
National energy outlooks have usually been prepared independently, despite the important connections between the three physical markets, but now the countries have created a subgroup to improve coordination and understanding of the national energy outlooks and modeling systems.
The portal can be viewed here in English, Spanish and French.
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