Mexico will need to attract more than $41 billion in investment to generate an estimated 37 GW of additional electricity capacity required to meet the increased energy demand anticipated by nearshoring, Abraham Zamora, President of the Mexican Energy Association (AME), said during a recent presentation in Monterrey. Nearshoring, or the relocation of manufacturing and supply…
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U.S. Natural Gas Said Essential to Mexico’s Economic Advancement
Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure Projects Forum.…
Mexico Should Reconsider Electricity Auctions to Meet Nearshoring Demand, Says Expert Lawyer
Mexico’s incoming government should “consider the reactivation of electricity auctions that could drive new energy generation projects that the country needs to get ahead of the demand that will accompany nearshoring in Mexico, such as intense consumption during times of high temperatures and the need to accelerate the energy transition,” Andrea Villanueva Villarreal, a senior…
Mexico Energy Leaders Optimistic for 2024 Natural Gas Industry Growth
Experts from Mexico’s energy industry told NGI’s Mexico GPI that they feel optimistic 2024 will bring positive developments to the natural gas sector following several difficult years of uncertainty and unforeseen policy changes. In conversations and exchanges with nine Mexico energy industry experts and leaders in December, the majority expressed cautious or moderate optimism for…
Mexico Seen Healthy and Bucking 2024 Trend in Politically Troubled Latin America
Mexico could have a good year in 2024 despite a degree of uncertainty in Latin America, according to analysts at New York City-headquartered political risk consultancy Eurasia Group. The analyst team led by Latin America managing director Daniel Kerner highlighted Mexico President Andrés Manuel López Obrador’s high and stable approval ratings, “based on a solid…
Cautious Optimism in Mexico’s Natural Gas Market as Imports Continue to Rise – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI editors Christopher Lenton and Andrew Baker discuss their takeaways from the recent U.S.-Mexico Natural Gas Forum in San Antonio, TX. Mexico’s demand for U.S. natural gas continues to climb, driven primarily by the power sector. LNG export terminals and the expected…
Top Economist Sees Natural Gas Fueling Growth in Southeast Mexico Amid Nearshoring Boom
“The Southeast Gateway project represents a significant long-term investment for the people of southern Mexico by providing them with a new dedicated gas pipeline featuring state-of-the-art technology for natural gas transportation, while addressing the country’s growing energy demand,” Alexis Milo, one of Mexico’s top economists, told NGI’s Mexico GPI. “The development of this project should…
Without Natural Gas, Nearshoring in Mexico Flops, Experts Say
Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts. Speaking Tuesday at the U.S.-Mexico Natural Gas Forum in San Antonio, TX, Guillermo García Alcocer who handles planning at Instituto Tecnológico Autónomo de Mexico (ITAM), said without greater access to natural gas, the so-called nearshoring opportunity…
For Nearshoring Opportunity, Mexico Natural Gas Distribution Needs Upgrade — Column
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. Mexico, a country with logistical advantages and an industrial economy, could see substantial economic benefits from nearshoring, or the relocation of operations…
Thousands of Mexico Energy Permits Said Caught in Backlog, Slowing Infrastructure Development
Mexican energy trade group Consejo Mexicano de la Energia (Comener) has called on regulators to streamline permitting so as to not waste the near-term opportunities presented by nearshoring. Nearshoring is the buzzword of the moment in Mexico. It refers to North American companies shifting manufacturing processes closer to home. Boosted by the United-States-Mexico-Canada-Agreement, or USMCA,…