The firm does not plan to renegotiate a 20-year contract to supply ethane to Pemex, but is open to discussing alternatives with the new government.
The firm signed a contract with Frances’s Total (NYSE:TOT) and Japan’s Mitsui and Tokyo Gas to work on the new liquefied Natural Gas (LNG) project.
Authorities confirmed that despite large investments in the Madero refinery, the facility is still not working properly. Will foreign firms save the day? The development of these and more stories in our periodic Infrastructure summary.
The lack of infrastructure in the energy sector is one of the most important challenges to overcome in Mexico since the opening of the market. Mexican authorities have awarded several infrastructure projects in recent years and companies continue to bring good news on this topic.
The National Hydrocarbons Commission (CNH) carried out an analysis of the commitments acquired in the past oil rounds and the results are not very encouraging in the drilling of oil wells.
Election of Andres Manuel Lopez Obrador (AMLO) raised concerns in the energy sector for his proposals against private investment. However, companies and investors have sent messages to the president-elect about their trust and commitment to the country.
Energy Reform opened the doors of the Mexican energy sector to private investment but the bottleneck is infrastructure. Fortunately, news about projects continues to appear. Grupo Villacero announced its investment plans.