The Mexican government is rethinking harmonization rules it has proposed for the natural gas and power markets, following feedback from the energy industry.
Articles from Mexico
Infraestructura Energetica Nova (IEnova) more than doubled its earnings during the third quarter over the year-ago period, lifted by prior acquisitions and the startup of natural gas pipelines in northwestern Mexico.
Gas Natural del Noroeste SA de CV (GNN) won a project tender for a branch pipeline to supply fuel to natural gas-fired power plants in northwestern Mexico.
Petroleos Mexicanos (Pemex), the Mexican state oil company, has surrendered a significant share of its former monopoly of the nation’s natural gas market without question, the upstream regulator, the CRE, recently reported.
Monterrey, Mexico-based industrial conglomerate Alfa is continuing to explore sale options for the U.S. assets of upstream oil and gas unit Newpek LLC, the company said Tuesday during a presentation of third quarter 2017 results.
The Centro Nacional de Control de Gas Natural (Cenagas) is working to create Mexico’s first natural gas hub by next year in the industrialized northeastern region, just across the border from South Texas.
The operator of Mexico’s main pipeline system, Sistrangas, is conducting a public consultation with natural gas shippers to gauge the market’s appetite for transport capacity and other services, such as storage.
Natural gas industry experts last week warned that efforts to renegotiate the North American Free Trade Agreement (NAFTA) should be handled delicately, but early fears that the Trump administration had a disruptive, protectionist slant that could roil gas markets appear to be unfounded.
In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy’s Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt.
Mexico’s sovereign oil fund is looking to contract marketers for the hydrocarbons it receives from operators with production-sharing agreements (PSA).