Mexico

Mexico aims to invest about $85 million in two infrastructure projects intended to shore up natural gas supply on the southeast Yucatan Peninsula, which suffers from persistent gas shortages and blackouts.

The Mexican government has issued rules and guidelines for assessing the social impacts of energy projects, formalizing a process that became mandatory in the sector with the rollout of the 2013-2014 reforms.

Participants in the Mexican natural gas sector see a budding need for commercial storage capacity, but they also say the market and its infrastructure still have some ways to go before demand materializes.

Top executives from Petroleos Mexicanos (Pemex) and Mexican government officials hit the road last week to drum up interest in the national oil company’s latest batch of farmouts.

Mexico’s proven, probable and possible, i.e. 3P, reserves of oil and natural gas slipped to 25.5 billion boe at the end of 2017, down from 25.9 billion boe a year earlier, the National Hydrocarbons Commission (CNH) reported last week.

Mexico’s natural gas imports rose 10.2% year/year (y/y) in March, driven by a spike in liquefied natural gas (LNG) deliveries.

A relatively modest joint venture (JV) by two Mexican companies, both with huge financial and technical resources, could lead to a revitalized natural gas industry in a nation that now is dependent on massive imports from the United States.

The Centro Nacional de Control del Gas Natural (Cenagas) has selected four depleted oil and gas reservoirs as candidate sites for a tender to build Mexico’s first strategic underground natural gas storage facility.

The fuel marketing affiliate of state power utility Comision Federal de Electricidad (CFE) will no longer participate in a tender for a liquefied natural gas (LNG) project in southern Mexico, a company official told NGI’s Mexico GPI.