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.
Mexican authorities promised price reductions this year, but instead, prices have increased considerably. The ‘gasolinazo’ caused widespread rioting. The price of propane also increased after market liberalization.
Williams Cos oil and gas pipelines are expected to transportMexican oil from the Gulf of Mexico because they have available capacity.
The Mexican company expects to improve its operating performance this year. Pemex has increased the budget for exploration activities, with the aim of restoring reserves and improving its production in the medium term.
In recent days, the main topic in Mexico, has been the liberalization of fuel market. Mexican authorities optimistic about this process and have high expectations. It will start in January.
Some areas of Mexico are suffering from gasoline shortages, because Pemex has been unable to guarantee the supply.