Pemex Gas and Basic Petrochemicals (PGPB) admitted, through documents delivered to Cenagas, that 40%of its 7,884 pipeline kilometers do not have rights of way.
An article by Sergio Meana for El Financiero, says that the “Contract of Infrastructure Transfer by Natural Gas Duct”shows that some equipment, facilities and materials, (physical infrastructure), are not legaleither.
Armelia Reyes, analyst at Signum Research, said that withthe Brazilian courts suspending the sale of Petrobras subsidiaries, CompanhiaPetroquimica de Pernambuco (Suape) and CompanhiaIntegradaTextil de Pernambuco (Citepe) to Alpek, this company will be unable to increaseits PTA production (by 33%) and PET (by 25%).
Gasoline market has started the year with a lot of excitement. The rise in prices caused much discontent among Mexicans leading to the ’gasolinazo’: a series of protests some of them violent. One of the reasons perhaps is that the country has high levels of consumption.
Pedro Joaquín Coldwell, Secretary of Energy, highlighted the Energy Reform´s contributions in a meeting with Mexican senators. The directors of Pemex and the Federal Electricity Commission (CFE) were present at the meeting.
America’s IE Nova is one of the companies interested in replacing Pemex as a gas marketer; however, according to IE Nova’s vice president, competition with the NOC cannot be underestimated.
The problems that have arisen in hydrocarbon industry and the “gasolinazo” have created an opportunity to discuss Mexico’s energy market diversification. Biofuels appear as a good option in times of crisis, but the industryis notwell developed.
UNAM research professor, Alfredo Islas Colín, said that the complicated relationship between Mexico and the US is an opportunity for Mexicans to consume what is produced in their country and to reach other markets.