CRE Hearing Addresses Rapid Demand Growth
Mexico's energy regulatory commission, the Comison Reguladora de Energia
(CRE), intends to hold a public hearing in November to discuss measures
to deal with gas price volatility, strong demand growth and future improvements
in Mexican natural gas industry competition.
Mexican officials estimate demand for natural gas will rise at an average
annual rate of 9% over the next 10 years. Since President Ernesto Zedillo's
industry reforms in 1995, about $2.2 billion has been committed to build
24,180 miles of natural gas delivery systems that will supply 10 million
people in 149 municipalities across the country.
The call for action follows an Aug. 1 measure implemented by the CRE
to alleviate the burden of the recent price volatility experienced by the
Those interested in submitting proposals are invited to attend. Reference
materials detailing the structural reform process and the challenges faced
will be published on the CRE website at www.cre.gob.mx.
After the meeting, the CRE will gather ideas and publish a document with
summaries of the proposals by Jan. 12, 2001. On or before March 9, 2001
the CRE expects to publish a document that will outline possible measures
or concrete proposals to update the institutional and legal frameworks
of the Mexican natural gas industry.
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