Mexico’s largest natural gas transport network, the Sistrangas, is set to overhaul its pipeline tariff regime later this year, according to energy regulators.
Articles from Mexico
At a recent major Mexican oil and gas industry event, the first since the landslide election victory by President-Elect Andres Manuel Lopez Obrador, business leaders and officials emphasized their support for the upcoming administration but also shared their concerns about the election’s potential impact.
Analysts reacted with almost uniform wariness and skepticism to the announcement by Mexico’s next president, Andrés Manuel López Obrador, of his picks for top energy sector posts and of a 175 billion-peso ($9.43 billion) plan to “rescue” the industry.
The liquid fuels storage business has emerged as a primary growth engine for Infraestructura Energética Nova (IEnova) as global refiners seek to offload their products to a hungry Mexican market.
The incoming Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.
Following the decisive and historic victory of Andres Manuel Lopez Obrador in the July 1 presidential election, Mexico’s natural gas sector is in wait-and-see mode as the dust settles from the campaign and the new administration prepares to take office.
Natural gas prices in Mexico held steady during June, averaging 74.739 pesos/gigajoule (GJ) or $3.882/MMBtu, versus 74.311 pesos/GJ in May, authorities said.
TransCanada Corp.’s $1.2 billion EL Encino-Topolobampo natural gas pipeline in Mexico has begun operating, with capacity to supply 670 MMcf/d to the northwestern states of Chihuahua and Sinaloa.
Mexico’s leftist president-elect Andrés Manuel López Obrador and his top energy adviser, Rocío Nahle, have somewhat quelled investor concerns since the July 1 election by signaling that they will not reverse course on the country’s 2013-14 constitutional energy reform.