Usmca

It’s probable that a trade dispute between Mexico and its northern neighbors Canada and the United States will be resolved through discussion, Carlos Flores, Director of Business Development at Nordex Group for Mexico, Colombia, Peru, Central America & Caribbean, told NGI’s Mexico GPI.  “Nonetheless, there is no question that, if the consultations are taken to…

Energy sector tensions between the United States and Mexico have quieted in recent days as both sides work to change the narrative towards cooperation.  U.S. Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken were in Mexico City on Monday to speak to top officials, including Mexico President Andrés Manuel López Orador, in what…

Mexico needs to reach an agreement during the consultation period with its commercial partners in the United States-Mexico-Canada-Agreement (USMCA) as part of a dispute over energy policies, Teresa Gallegos, an expert attorney in the Mexican energy industry, told NGI’s Mexico GPI.  If it doesn’t, “Mexico will be in a very unfavorable position which will without…

Mexican President Andrés Maneul López Obrador, joined by U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau on Thursday pledged to create a “North American strategy on methane and black carbon” during a trilateral summit in Washington, DC. The strategy will aim “to reduce methane emissions from all sectors, especially oil and gas,” the…

All eyes in Mexico’s energy sector were on Washington, DC on Thursday as President Biden hosted Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador in the first summit of its kind since 2016. Ahead of the so-called “Three Amigos” summit, the Canadian Chamber of Congress, Mexican business group Consejo Coordinador Empresarial…

A bipartisan group of Texas legislators has asked the Biden administration to intervene on behalf of U.S. energy companies operating in Mexico amid the latter country’s increasingly nationalistic energy policies. Sens. John Cornyn and Ted Cruz, along with 18 of the state’s 32 U.S. representatives, signed a letter Tuesday (Oct. 19) to U.S. Ambassador to…

The American Petroleum Institute (API) on Friday told the Biden administration that unfair treatment of U.S. energy companies by Mexico’s government is worsening and is likely in violation of the U.S.-Mexico-Canada-Agreement (USMCA).  In a letter to cabinet officials, API CEO Mike Sommers alleged an intensifying pattern of nationalist regulatory and legislative reforms under Mexico’s firebrand…

“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…

Mexico president Andrés Manuel López Obrador said Monday he is considering amending the constitution to rein in the “neoliberal” 2013-2014 constitutional energy reform of his predecessor, Enrique Peña Nieto. During his daily morning press briefing, López Obrador said a possible counter-reform would reaffirm the state’s predominance in the energy sector, and put a stop to…