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Mexico Presidential Candidate Gálvez Seeks Private Sector Natural Gas Investment

Mexico Presidential Candidate Gálvez Seeks Private Sector Natural Gas Investment

Xóchitl Gálvez, a leading candidate in Mexico’s 2024 presidential elections, is seeking to prioritize the use of natural gas to advance the country’s energy transition and promote more private investment to develop necessary transportation infrastructure, she said in comments in Mexico City. Speaking at the at the Energy Associations Congress, Gálvez, who is the 2024…

October 31, 2023
Mexico’s Energy Minister Nahle Stepping Down After Tumultuous Five-Year Tenure 

Mexico’s Energy Minister Nahle Stepping Down After Tumultuous Five-Year Tenure 

Mexico Energy Minister Rocío Nahle is resigning from her post to run for governor of Veracruz state, capping off a five-year stint as Mexico’s top energy policymaker. A petrochemical engineer and former employee of state oil company Petróleos Mexicanos (Pemex), Nahle was handpicked for the post by Mexico’s firebrand president Andrés Manuel López Obrador, better…

October 16, 2023
Mexico’s President Touts Nationalistic Energy Program in Penultimate Address to Nation

Mexico’s President Touts Nationalistic Energy Program in Penultimate Address to Nation

Even in the late stages of his administration, Mexico’s President Andrés Manuel López Obrador is sticking to his state-centric energy policy that has rattled many private firms in the sector. In his penultimate state-of-the-union address to the nation last week, he said the program of “expanding the Comisión Federal de Electricidad (CFE) includes the construction…

September 5, 2023
Mexico Said to Need Robust Energy Policies to Balance Growing Domestic Demand, LNG Exports

Mexico Said to Need Robust Energy Policies to Balance Growing Domestic Demand, LNG Exports

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success and proposed LNG exports plans, but requires more progress, said participants at the Mexico Gas Summit in San Antonio, TX last week.…

June 15, 2023
Mexico Railway Line Seizure Rattles Private Sector During Moment of ‘Great Opportunity’

Mexico Railway Line Seizure Rattles Private Sector During Moment of ‘Great Opportunity’

Mexican President Andrés Manuel López Obrador’s government claimed inefficiencies in supply chains were behind a recent and temporary nationalization of private assets. Last Friday, the military seized part of a rail line owned by Grupo Mexico SAB unit Ferromex in the southern state of Veracruz. The railway is part of the Interoceanic Corridor project crossing…

May 23, 2023

Energy Transfer to Appeal DOE Decision Denying Lake Charles LNG Export Extension – The Offtake

Mexico’s President Andrés Manuel López Obrador said on Twitter Wednesday that Mexico Pacific Ltd. LLC (MPL) would build its 14.1 million metric tons/year Saguaro Energía LNG project on the country’s west coast and spend $14 billion on the project. 

May 3, 2023
Shale, Offshore Natural Gas Development Could Offset Mexico Dependence on U.S., Says Rystad Exec

Shale, Offshore Natural Gas Development Could Offset Mexico Dependence on U.S., Says Rystad Exec

“For Mexico to diversify away from U.S. natural gas imports in the medium to long term, the answer is potentially shale,” W. Schreiner Parker, senior vice president and head of Latin America at Rystad Energy, said in an interview with NGI’s Mexico GPI.  “The other interesting area of domestic supply is offshore gas,” he said.…

October 28, 2022
Mexico LNG Arising As Future Solution for Energy Starved Europe

Mexico LNG Arising As Future Solution for Energy Starved Europe

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe. It’s not the first time López Obrador has talked about shipping gas to Europe as the continent reels from…

September 30, 2022
Oil, Gas Industry Expresses Concern Over Changes at Mexico’s Upstream Regulator

Oil, Gas Industry Expresses Concern Over Changes at Mexico’s Upstream Regulator

Mexico’s Hydrocarbon Companies Association (AMEXHI) has urged the country’s Senate to expedite the appointment of a new head at upstream regulator Comisión Nacional de Hidrocarburos (CNH). Former head Rogelio Hernández’s resignation was made public last week, meaning the CNH now has three active members. By law, the CNH requires four commissioners for duties to be…

September 12, 2022
Shell Signs Binding Offtake Agreement for Mexico LNG Terminal

Shell Signs Binding Offtake Agreement for Mexico LNG Terminal

A unit of Shell plc has signed a sales and purchase agreement (SPA) for 2.6 million metric tons/year (mmty) of offtake from Mexico Pacific Ltd. LLC’s (MPL) LNG export terminal on Mexico’s Pacific Coast. Envisioned for Puerto Libertad in Sonora State, the terminal’s first two trains would have a combined liquefaction capacity of 14.1 mmty,…

July 12, 2022
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