The speed and rhythm of gasoline market opening depends on the Congress and not of the Federal Competition Commission (Cofede) assured Alejandra Palacios, President of Cofede.
Magna production has had a steady decline during 2016. According to Pemex data, it was produced 279mmbpd of magna gasoline in August, which means a 20% fall compared to the same period last year. Magna gasoline is the most consumed fuel in Mexico.
Gas Natural Fenosa, the company that has been 20 years in the country and has just achieved a penetration rate of 7% among Mexican consumers, the rest are using Liquefied Petroleum Gas (LPG), according to a report in La Jornada.
In the first half of 2016, it has been imported 12,694 million liters of fuels, with a value of US$4.9B, according to data from the Ministry of Economy. In 2015, the Federal Government spent US$13.4B in fuels’ imports.
The Federal Government plans to add 10,000 km to the National Gas Pipeline System and expects to complete them in 2019.
Mexican authorities had high expectations on the Farm-out agreement in the field Trión, but as we mentioned a few days ago, the National Hydrocarbons Commission (CNH) could postpone this tender. But why has been so low the interest in this agreement?
The oil-company continues to show declines in its operations. Pemex refining capacity use has been below 65% during 2016, whereas 10 years ago, the capacity utilization was above 90%, according to a report in NorteDigital.
In recent weeks, it has been discussed pretty much about the market Liquefied Petroleum Gas (LPG). There is a dispute between the government and gas distributors because the decision to decrease the maximum price of this hydrocarbon.