Imported natural gas will continue to be a growing part of the energy mix in Mexico despite calls from the new government of Andrés Manuel López Obrador to reengineer the sector, according to a range of opinions shared at Industry Exchange’s 4th Mexico Infrastructure Projects Forum in Monterrey, Mexico Jan. 16-17.
Articles from Mexico
The tender for a 600 MMcf/d floating storage and regasification unit (FSRU) in the Pajaritos port in the southern Gulf of the Mexican state of Veracruz has been called off, sources have told NGI’s Mexico GPI.
CEO Roberto Castello Branco of Brazil’s Petroleo Brasileiro SA (Petrobras) at his recent swearing-in ceremony said the state-owned energy giant needs to divest natural gas assets and end its domination of the gas supply chain to increase the number of participants in the market.
The fuel supplycrisiscurrently gripping Mexico underscores the importance of the country’s 2013 constitutionalenergy reform, according to local experts.
Although Mexican president Andrés Manuel López Obrador has said relatively little about natural gas policy, he has made clear his opposition to the 2013 constitutional energy reform of his predecessor, Enrique Peña Nieto.
Natural gas marketers in Mexico reported 280 transactions totaling 6.72 Bcf/d in November, up from 138 deals for 4.82 Bcf/d in November 2017, according to the Comisión Reguladora de Energía (CRE)’s IPGN monthly natural gas price index.
While producers in the Permian Basin and Eagle Ford Shale have welcomed the recent completion of pipeline projects on both sides of the U.S.-Mexico border, several projects farther downstream in Mexico, considered crucial to easing a natural gas supply glut in Texas, still face delays.
The state-centric policies of Mexico’s new government could threaten the autonomy of the country’s energy regulators, according to experts.