Mexico Pushes Fracking Incentives to Cut US Gas Dependence

Mexico's President Sheinbaum has reversed previous anti-fracking pledges, endorsing unconventional gas development. Fiscal incentives include 100% deduction of exploration costs and tax credits on profit-sharing payments under a 2024 decree. Pemex's 2025–2035 strategy targets unconventional reserves and seeks private investment to reduce US gas dependence.