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Mexican economy affected by the fall in oil prices and production

The main domestic risks faced by the Mexican economy in terms of growth and stability are the fall in oil production and the lack of a strong fiscal adjustment, because the difference between income and expenses is large, warned Bank Of America.

Friday, November 4th, 2016

A New Natural Gas market in Mexico

The Federal Government has launched an infrastructure plan to import and transport the natural gas in Mexico. The authorities believe it would help to make a gas market based on free competition, according to a report in Expansión.

Thursday, October 27th, 2016

Gasoline brands in Mexico

The gasoline market has been opening gradually to competition. The sector expects that the Government authorizes a free completion next year.

Wednesday, October 26th, 2016

Sener grants permits to import gasoline

The Secretariat of Energy (SENER) granted 442 permits to public and private companies to import fuels. With this permits, the firms will import 406B liters of gasoline.

Friday, October 14th, 2016

Liberalization of gasoline prices in hands of Congress

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.

Wednesday, October 12th, 2016

Magna production plummets

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.

Monday, October 10th, 2016

Pemex launches gasoline distribution program

Mexican rural areas have large fuel shortage problems, to solve it Pemex has launched a pilot program to install gas stations in areas where there is no distribution.

Wednesday, October 5th, 2016

Natural Gas penetration is very low

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.

Wednesday, September 28th, 2016

Mexico has imported more than 12 billion liters of gasoline

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.

Thursday, September 22nd, 2016

Government is close to finish the 10 thousand km of additional pipelines

The Federal Government plans to add 10,000 km to the National Gas Pipeline System and expects to complete them in 2019.

Tuesday, September 13th, 2016