Mexico may have missed a chance to shore up the finances of its heavily indebted state oil company Petróleos Mexicanos (Pemex), according to credit ratings analysts at Fitch Ratings Inc. “Elevated oil prices in 2022 were a lost opportunity to materially improve” Pemex’s standalone credit profile or SCP, said Fitch analysts Saverio Minervini and Carlos…
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COLUMN: CFE Emerging As Mexico’s De Facto Natural Gas System Operator
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. With the start of activity on the Sur de Texas-Tuxpan, La Laguna-Aguascalientes and Villa de Reyes-Aguascalientes-Guadalajara pipelines since December 2018, the government…
Mexico Taking Steps to Undo Energy Reform, Says Former CRE Commissioner
“The energy reform sought to create a sector that operated as a market with technical criteria and with long-term investor certainty, and that is being dismantled,” Guillermo Zúñiga, former Commissioner at the Energy Regulatory Commission (CRE) from 2013-2019, told NGI’s Mexico Gas Price Index. Zúñiga, currently an international attorney at the Earthjustice environmental nonprofit based…