energy policy

Mexico Needs Fiscal Framework for Natural Gas Storage, Atlantic Council Energy Chairman Says (Part 2)

Mexico Needs Fiscal Framework for Natural Gas Storage, Atlantic Council Energy Chairman Says (Part 2)

Mexico needs to develop a fiscal framework for natural gas storage, Chairman David Goldwyn of the Atlantic Council Global Energy Center’s Energy Advisory Board told NGI’s Mexico Gas Price Index. “I think the first thing you need is a fiscal framework which compensates people for building and having storage. And so that means you’ve got…

April 1, 2021
Mexico Giving “Stay Away” Signal to Investors, Atlantic Council Energy Group Chairman Says (Part 1)

Mexico Giving “Stay Away” Signal to Investors, Atlantic Council Energy Group Chairman Says (Part 1)

“By pausing the renewable energy auctions and pausing the oil auctions, the president has basically given a ‘stay away’ signal to foreign investment in the energy sector,” David Goldwyn, Chairman of the Atlantic Council Global Energy Center’s Energy Advisory Board, told NGI’s Mexico Gas Price Index. Recent policy decisions have “really put into question Mexico’s…

March 26, 2021
Mexico Power Sector Rules Now Halted on Environmental, Competition Grounds

Mexico Power Sector Rules Now Halted on Environmental, Competition Grounds

Federal judges in Mexico have now suspended the implementation of controversial new legislation in the power sector on both economic and environmental grounds.  Greenpeace Mexico on Tuesday announced it had successfully lobbied for a judicial order suspending, on a provisional basis, implementation of the new rules that were passed by Mexico’s Senate on March 3.…

March 24, 2021
Column: On Oil Nationalism Day, Mexico’s Goal of Energy Self-Sufficiency Remains Elusive

Column: On Oil Nationalism Day, Mexico’s Goal of Energy Self-Sufficiency Remains Elusive

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

March 19, 2021
Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development

Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development

Mexico’s Petróleos Mexicanos (Pemex) is moving in the opposite direction of fellow Latin American national oil companies (NOCs) by failing to embrace the energy transition and natural gas, according to a panel of experts. While NOCs such as Colombia’s Ecopetrol SA and Brazil’s Petróleo Brasileiro SA (Petrobras) have embraced diversification and environmental, social and governance…

March 9, 2021
Upcoming Years Present ‘Once-in-a-Generation’ Opportunity for Mexico-U.S. Trade Relationship

Upcoming Years Present ‘Once-in-a-Generation’ Opportunity for Mexico-U.S. Trade Relationship

There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis from Washington, DC think tank Center for Strategic and International Studies (CSIS). “The next four years present a once-in-a-generation opportunity for the…

March 8, 2021
Pemex Natural Gas Production Stands Still as Mexico Government Support Ramps Up

Pemex Natural Gas Production Stands Still as Mexico Government Support Ramps Up

Natural gas production at Petróleos Mexicanos (Pemex) was 3.639 Bcf/d in 2020, down marginally from the 3.690 Bcf/d produced in 2019. Natural gas utilization, however, suffered in 2020, executives said in the fourth quarter earnings call. Because of high nitrogen content in the gas and other processing issues, 513 MMcf/d was flared from production in…

March 1, 2021
Mexico’s Midterm Elections in June Said Vital for Energy Industry

Mexico’s Midterm Elections in June Said Vital for Energy Industry

Mexico’s mid-term federal elections in June will be fundamental in determining the direction of the energy industry in the upcoming years, according to a top energy lawyer in Mexico City. Thompson & Knight LLP’s Claudio Rodríguez-Galán, who heads the Mexico City offices for the law firm, recently discussed the upcoming elections with NGI’s Mexico Gas…

February 12, 2021
Friction Over Energy, Environment Seen on Horizon in Mexico-U.S. Bilateral Trade Relationship

Friction Over Energy, Environment Seen on Horizon in Mexico-U.S. Bilateral Trade Relationship

The new bilateral relationship between Mexico and the United States under President Biden could lead to discord between the two states in energy and trade matters. “There are many diplomatic challenges and opportunities under the Biden administration in Mexico,” Signos Vitales consultant Enrique Cárdenas said during a virtual webinar organized by the Wilson Institute’s Mexico…

February 9, 2021
Preferential Treatment for Mexico’s CFE Said Unlikely to Boost Natural Gas Market

Preferential Treatment for Mexico’s CFE Said Unlikely to Boost Natural Gas Market

Proposed legislation in Mexico to favor state utility Comisión Federal de Electricidad (CFE) in the electricity dispatch order should not be viewed as bullish for the natural gas market, despite CFE’s plans to add more gas-fired capacity over the coming years, according to local energy consultant David Rosales.  The bill supported by President Andrés Manuel…

February 8, 2021