Adam D. Williams is a reporter and writer based in Mexico City that has covered Latin America for 10 years, previously with Bloomberg both in Mexico and Central America. His work has appeared in Bloomberg BusinessWeek, the Washington Post and the Chicago Tribune, among others.
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Articles from Adam Williams
Mexico Natural Gas Storage Vital to Nearshoring, Says Énestas Director
“One of the most important goals in Mexico is to reach energy security,” Carlos Alberto Boone de Nova, director of business intelligence and public affairs at Énestas México, told NGI’s Mexico GPI. “To achieve that, we must increase our storage capacity — which currently is estimated at only 2.4 days — as well as expand…
Mexico Nearshoring Limited by Insufficient Natural Gas Grid, Says IMCO
Nearshoring, which allows companies to move some manufacturing operations to other countries while keeping supply chains closer to home, is being billed as the next great economic opportunity for Mexico. The forecasts for the amount of investment that Mexico could generate as a result of nearshoring by North American companies vary, though the consensus is…
Mexico’s CFE Seeks Offers for Gas Supply, Distribution Infrastructure in Yucatán
CFEnergía, the fuel marketing subsidiary of Mexico’s state power company Comisión Federal de Electricidad (CFE), is seeking offers from companies to supply natural gas and develop infrastructure in the Yucatán Peninsula in the southeast region of the country. On Aug. 10, CFEnergía announced a call for offers from investors interested in supplying up to 30,000…
Mexico’s CFE Swings to Profit on Lower Natural Gas Prices
A year/year plunge in natural gas prices buoyed second-quarter earnings for Mexico’s state power company Comisión Federal de Electricidad (CFE), according to management. CFE operates about 34 GW of natural gas-fired power plants, and is Mexico’s primary importer and marketer of natural gas via pipeline from the United States. Mexico’s imports of U.S. gas have…
Mexico’s Pemex Accidents, Track Record Led to Downgrade, Fitch Director Says
Fitch Ratings Inc. downgraded the credit ratings of Petróleos Mexicanos (Pemex) in mid July, citing the Mexico state-owned oil company’s high debts, multiple accidents and “continued weak operating performance.” Fitch’s Saverio Minervini, a senior director in the Latin America corporate finance group, spoke with NGI’s Mexico GPI about the reasons for the downgrade. “This was…
Natural Gas Key in Mexico Energy Transition, Nearshoring Opportunity, Says Valia Energía CEO
“The most important opportunities for the future are without question tied to the energy transition in Mexico,” Narcis de Carreras, CEO of Valia Energia in Mexico City, told NGI’s Mexico GPI. “Across all of these developments, natural gas will continue to play a central and key role for many more years and will be relied…
Pemex Natural Gas Flaring Said Unlikely to Decrease in Short Term
The amount natural gas flared by Mexico’s state oil producer Petróleos Mexicanos (Pemex) has increased by more than 152% in the past four years, from an average of 178 MMcf/d in 2018 to 449 MMcf/d in 2022, according to company figures. As a result, Mexico in 2022 flared the seventh-largest volume of gas in the…
Safety, Security Issues Hamper Investment in Mexico Extractive Industries
Safety and security issues in Mexico’s major extractive industries — from oil and gas production to mining — continue to inhibit foreign investment and economic growth in the country, according to recent comments from chamber leaders and prominent think tanks. State-owned oil company Petroleos Mexicanos (Pemex) recently lost at least 700,000 bbl of crude oil…
Independent Regulatory Commission Vital to Mexico’s Energy Future, Says Industry Expert
“It is necessary to implement changes in the institutional design of the Energy Regulatory Commission (CRE) with the purpose of guaranteeing its commitment to the well-being of consumers and to promote a climate of confidence and trust between the various actors in the energy sector,” Diego Díaz Pérez, researcher at the Instituto Mexicano para la…
Mexico LNG Projects Will Pull Significant U.S. Gas Volumes, Industry Expert Says
Mexico’s plans to re-export U.S. natural gas could make the country a major LNG hub, according to an industry analyst. “Mexico currently imports around 6 Bcf/d of natural gas, mostly for power generation and industrial use,” Sergio Chapa, senior LNG analyst at Poten & Partners, told NGI’s Mexico GPI. “The dozen liquefied natural gas export…