With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.
Since the nationalisation of the oil industry and the establishment of state-run Petróleos Mexicanos (Pemex) in 1938, hydrocarbons production has been a significant driver of growth, and the energy and utilities sector remains a key cornerstone of Mexico’s economy. The sector has evolved rapidly in recent years after a comprehensive energy reform was introduced in December...
Reform has led to new opportunities in Mexico’s energy sector, especially in terms of renewable power generation. The country has launched three auctions for solar and wind projects in recent years, with the first held in early 2016. However, President Andrés Manuel López Obrador – known by his acronym AMLO and who came to office in December 2018 – is not expected to support...
How do you assess the scope for renewable energy in Mexico, and what role can development banks play in developing this segment?
Since the 2013 energy reform, investors have found a range of opportunities in Mexico’s liberalised downstream energy sector. The new regulatory framework opened up former state-owned petrol stations to private operators and, more recently, has offered services companies the chance to be involved in the programme to upgrade the country’s refineries.
In addition to growing the transport network, increasing storage capacity and addressing fuel theft are priorities in the midstream energy segment. To this end, since the 2013 energy reform the government has commissioned work by companies such as Canadian firms TC Energy and ATCO to expand the natural gas network to keep up with rising demand and supply deficits in the south...
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