Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.

Pemex

January 2023 brings with it new hope for Mexico’s natural gas industry. It is an illusion to think that the environment for private investment will improve. But Mexico natural gas production is on the up. Priority energy issues for this government will remain the Dos Bocas refinery, and the strengthening of state firms. Massive energy exchange across the U.S.-Mexico border will continue unabated, even with commercial disputes as a backdrop.

At the start of the year, the two sector regulators still have important vacancies. At the Comisión Nacional de...