Mexico

Theft of gasoline in Mexico is expected to increase by about 50% this year, costing Petroleos Mexicanos (Pemex) a record of more than $1.5 billion a year, up from $1 billion in 2017, Carlos Treviño, the state company’s director-general, said recently.

A critical assessment of Mexico’s new hydrocarbons industry framework has highlighted milestones and areas for improvement four years into the country’s historic energy reforms.

Rough weather in the nearby Gulf of Mexico (GOM) has delayed the start of construction of a portion of Valley Crossing Pipeline LLC’s Border Crossing Project, according to the company.

The role of liquefied natural gas (LNG) in the Mexican supply balance is set to evolve after several pending pipelines come in-service later this year, experts say.

Sempra Energy is looking to its newly expanded footprints in Texas and across the border in Mexico to drive much-needed future growth, as the California-based company saw some of its utilities struggle in the first quarter of 2018, CEO Jeff Martin said Monday.

Energy regulators have issued a draft proposal outlining the final phase of Mexico’s release program for the natural gas marketing portfolio of Petroleos Mexicanos (Pemex), the state-run former oil and gas monopoly.

Three civil society groups have urged the next Mexican government to strengthen and expand the country’s carbon dioxide (CO2) tax to include natural gas.

What are likely to be the last upstream auctions of the current Mexican administration were postponed last Friday by the regulator, the National Hydrocarbons Commission (CNH) amid signs of lack of interest from potential bidders.

Mexico’s plan to createstrategic inventories of natural gas could generate investment opportunities of up to $2 billion, according to Infraestructura Energetica Nova (IEnova).