When Mexico reformed its energy markets to attract foreign investment, analysts focused bullish outlooks on natural gas and petroleum. And without a doubt, the country will attract billions in new fossil fuel projects. Mexico is in a difficult position. Combine high prices for imported natural gas, limited hydropower and coal resources, creaky grid infrastructure, limited… Keep reading →
Mexico’s long-awaited energy reforms have drawn a lot of attention due to legal changes allowing foreign oil companies to enter the market for the first time in decades, but power market reform is also opening the door to renewable energy providers. Greenwood Energy and ILIOSS are partnering with Schneider Electric to sell power from 250… Keep reading →
Fifteen governors penned a letter sent to the White House yesterday claiming the EPA’s proposed rule to regulate emissions from existing power plants is illegal. Several of these governors also climate change deniers. “Five of the states represented by those governors — Alabama, Indiana, Oklahoma, South Carolina, and Wyoming — are also part of a lawsuit filed… Keep reading →
On August 11, 2014, Mexican President Enrique Peña Nieto enacted secondary energy reform legislation, thus concluding a legislative process to overhaul Mexico’s energy sector that stems from a December 20, 2013 decree modifying several energy-related provisions contemplated under the Mexican constitution, a topic about which Nexant has blogged in the past. While the press has focused its… Keep reading →
Mexico is making sweeping changes to its regulatory structures with the goal of increasing economic growth from various sectors, including energy. And while oil sector reforms have received the most attention, strengthening electricity and natural gas infrastructure to boost manufacturing is a short-term priority. Investment from US companies and financial institutions is critical, but Mexico… Keep reading →
As the Mexican government and state-run PEMEX aim to produce more oil in Mexico, U.S. natural gas producers, particularly in South Texas, have been happy to send growing amounts of natural gas to supply Mexico’s growing demand. Figure 1 Source: BP Statistical Review Because the U.S. is producing record volumes of natural gas, access to… Keep reading →
This summer, the Mexican Congress is finally expected to approve the secondary legislation tied to Mexico’s energy reform. Prior to the announcement of energy sector reforms, Mexico was characterized by a very closed oil sector regime alongside a rudimentary electricity sector. While most industry observers focus their attention on the oil sector – conceiving Mexico’s… Keep reading →
