With the reshaping of the energy sector opening up the industry to new investment, anticipation around how the reform will expand Mexico’s hydrocarbons reserves and push production upwards has been building. So far, important oil and gas discoveries – both by major oil firms as well the state-owned firm Petróleos Mexicanos (Pemex) – has...
With the majority of investments coming into the sector through the energy reform, and with the results of this expected to manifest in the medium term, one segment of the market is already seeing an unprecedented level of change. Liberalisation in the downstream petroleum distribution market, part of the ongoing reforms to the energy sector...
Over the past decade, commodities have experienced a bumpy road across the board. The fall in global prices in 2012 followed by the newly imposed royalty tax in 2014 and an increasingly unpredictable security situation in many of Mexico’s northern states severely impacted the industry. However, a spike in commodities prices throughout 2017 and...
Recent reforms have opened up Mexico’s energy markets with the promise of greater levels of investment, more competition and stronger economic growth. For these benefits to realise their maximum potential and reach all regions of the country, it is essential that infrastructure of sufficient quantity and quality is put in place.
Announced in 2013, Mexico’s energy reforms were the centrepiece of President Enrique Peña Nieto’s strategy to revitalise the national economy and reverse the decline in hydrocarbons production that has been in evidence over the past decade. Central to these efforts was ending the monopoly of Petróleos Mexicanos (Pemex) on the exploration,...
As part of ongoing energy reforms, Mexico’s authorities aim to reduce costs, protect the environment and develop power sector infrastructure by stimulating competition in electricity generation and transmission, while the National Centre of Energy Control (Centro Nacional de Control de Energía, CENACE) maintains control of transmission by...
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