In a move that appeared to appease the country’s ailingindustrial sector, the Mexican government agreed last week to sellnatural gas to domestic industry at a fixed price of $4/MMBtu forthe next three years. Steelmaker Hylsamex, among others, which hadtemporarily shut down facilities and laid off workers because ofhigh natural gas prices, said it would soon restart one of fouriron plants.
Ailing
Articles from Ailing
Mexico’s Pemex Fixes Natural Gas Prices
In a move expected to appease the country’s ailing industrialsector, the Mexican government has agreed to sell natural gas todomestic industry at a fixed price of $4/MMBtu for the next threeyears. Some of the largest companies in Mexico, includingsteelmaker Hylsamex, have been forced to temporarily shut downfacilities and lay off workers because of natural gas prices.
January 18, 2001
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
