Jumping Jack Flash…On March 28, Spanish natural gas marketer Gas Natural Fenosa (GNF) said it will invest 1.2 billion pesos (US$60 million) in Mexico, during 2017. GNF will target the states of Sonora and Sinaloa in the northwest and the state of Mexico in the center, building out its natural gas distribution networks. A company spokesperson said GNF expects to add 200,000 customers this year, to complement the 1.7 million it already has signed up in the country. (source: El Economista)
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Articles from Dwight Dyer
Revving up. On March 2, the Energy Secretariat (SENER) published its revamped strategy to drive the country’s oil and gas bidding rounds. The principal changes are to establish standard block sizes, to open all blocks simultaneously for nomination by private parties, and to hold two bidding rounds per year. The three-step nomination scale — high, middle, low — will help SENER gauge private-sector interest across the country’s reserves and to rank the latter both domestically and internationally. While nominations are open to anyone as of the announcement, there will be a three-month period prior to the launch of a bidding round for SENER to evaluate which blocks to include. It looks as if SENER is in a hurry to maximize the country’s oil rent. (Source: SENER)
Cenagas’ first transportation capacity open season for Mexico’s National Integrated Pipeline System (Sistrangas) reached another milestone Friday when the request submission period ended.
Mexico’s Petroleos Mexicanos (Pemex) reported a smaller financial loss for 2016 than 2015. Natural gas production also declined while imports from the United States climbed.
Mexico’s first auction to reserve natural gas importation capacity produced its winners on Friday.
The last piece in Mexico’s inaugural natural gas market opening process fell into place this week as pipeline network system operator Centro Nacional de Control de Gas Natural (Cenagas) on Monday published terms for its first importation infrastructure capacity auction, to be held on Friday (Feb. 17).
Natural gas imported from the United States fills most of the chapters in Mexico’s power generation story, but a good part of that book is also devoted to renewable energy.
Mexico is fast becoming a large importer of refined fuels from north of the border. So much so that rail and port energy infrastructure is woefully behind the times.
On the journey to reform Mexico’s natural gas markets, participants can’t always see where they’re going. While optimism for robust transparency and trading prevails, there are devils in the details, said speakers at a recent industry conference in Monterrey, the capital of Nuevo Leon, MX.