Natural gas output at Petróleos Mexicanos (Pemex) remains under par because the company is solely focused on oil production, according to Sergio Guaso, founder of consulting firm Guaso360.

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Guaso told NGI’s Mexico GPI that “no matter what happens, the mission for Pemex is always to increase barrels of oil production. The rest is secondary.”

Guaso founded and directs Guaso360, a consulting firm that specializes in upstream and natural gas development opportunities and strategic, legal and financial planning and advisory services. He also held several high ranking positions during his 26 years at Mexico’s state oil company.

At Pemex, Guaso served as the Deputy Director of Business Development for nearly 15 years and also acted as the Deputy Director of Strategic...