A main energizer of Mexico’s nascent energy reform, Juan Carlos Zepeda, resigned this month as president of the upstream regulator, the Comisión Nacional de Hidrocarburos (CNH), with only five months to go before the end of his second five-year term.
Articles from Mexico
Mexico may not be able to reverse its current trend of declining natural gas output for another four to six years, a period during which gas demand from the power sector is projected to accelerate, according to the latest analysis by OPIS PointLogic.
Mexico’s natural gas market faces multiple short-term challenges, the most urgent of which is a lack of supply to power generators, petrochemical plants, and industrial consumers in the southern and southeastern part of the country, as the state-owned oil and gas producer struggles to increase output.
Italy’s Eni SpA and Russian state-owned oil company Lukoil have agreed to swap participating stakes in three offshore blocks in Mexico’s Sureste Basin.
TransCanada Corp. plans to build a friendly relationship with Mexico’s next government to advance its various natural gas pipeline projects in the next few years, a top executive said late last week.
Fitch Ratings late last month revised its outlook for Mexico, citing, among other things, potential energy policies to be implemented by incoming President-Elect Andrés Manuel López Obrador.
Total SA, which is building out liquefied natural gas (LNG) stakes along the Gulf Coast, has entered a memorandum of understanding (MOU) to help Sempra Energy develop the Cameron, LA, facility, as well as the proposed Energia Costa Azul (ECA) project in Mexico.
The scrapping of a $13 billion airport by Mexico’s next president through a hastily organized referendum in which less than 1% of the population voted is sending shivers through the spines of stakeholders in the country’s recently liberalized energy sector, with one expert calling it the “canary in the coal mine.”
*Part 2 of 3. Historically low storage inventories are doing battle withsurging unconventional output — raisingthe stakes and uncertainty for bears and bulls heading into the winter. This series lays out a roadmap for what could influence natural gas markets during the upcoming Winter 2018/19 heating season. Part 1 looked at East Coast markets.Part 3 focused on West Coast markets.
A recovery in international crude oil prices and a boost in domestic sales lifted state-owned Petroleos Mexicanos (Pemex) in the third quarter, its final report before a new regime takes office.