Almost half of the gasoline consumed in Mexico comes from overseas. The Federal Government sees a great opportunity to build refineries and thus stop importing gasolines.
KBR (US firm) and Pemex have had a legal dispute for years. Now a court in the United States has just ratified the US$300M penalty fee that the Mexican company will have to pay to a subsidiary of KBR.
The government of President Enrique Peña Nieto has always said that thanks to the Energy Reform, gasoline prices will fall. It could take some time.
A few weeks ago, we talked about the US$40M that Pemex loses monthly due to the Gas burn and it has serious consequences to the environment. There are four reasons for which the gas is burned: well testing, production failures, scheduled plant maintenance and accidents.
In the newsroom of Hydrocarbons Mexico we ask ourselves, what has happened in recent years with natural gas in Mexico? According to Secretary of Energy (SENER) database, the production of this fuel has had a drop of 2% annually, over the past 5 years.
Mexico imported 504.600 barrels of gasoline in July. This figure represents the 62% of the national demand, according to Excelsior.
Last week we mentioned the 1.5% growth in propane (LPG) imports, after falling five consecutive years, now we look at natural gas.
Pemex’s gas monopoly is over, since last January 1, when private companies started to import propane (LPG). This has been one of the first Energy Reform actions carried out in the country. Pemex has been the most harmed by this measure. For private initiatives, 2016 has been a year of great opportunities, due to the opening of the LGP market.
According to an article in El Financiero, the National Hydrocarbons Commission (CNH) decided to exclude the Akal field, which is part of Cantarell complex, the largest discovered in Mexico so far, in the counting of petroleum reserves.
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