“The electricity bill, the purchase of the Deer Park refinery in Houston and the granting of Zama to Pemex hint that President López Obrador is more than determined to ramp up his energy nationalism stance during the next three years,” Adrián Duhalt, postdoctoral fellow in energy studies at Rice University’s Baker Institute and seasoned expert and academic in the Mexican energy sector, told NGI’s Mexico Gas Price Index.

Adrian Duhalt

“For AMLO’s government to turn things around, development of conventional resources is not going to be enough,” Duhalt said. “If he chooses to go down that path, Mexico’s users, including [state power utility Comisión Federal de Electricidad, aka CFE], will certainly continue to rely on natural gas supply from the U.S. Such a scenario makes us...