Pemex’s lack of capacity to produce gas opened many business opportunities for other companies and the country could continue to increase its dependence on imports. The National Center for Natural Gas Control (Cenegas) published its views on the gas market.
An Op-Ed by Jonathan Ruiz, Carlos Rodriguez, Juan Spinetto and Adam Williams says that after the enactment of Energy Reform, the NOC’s ex-directors have not been made part of the new players that have bet on Mexico.
Mexico has problems in its oil production, especially because of Pemex’s difficult situation. However, the success of the past oil rounds has generated many expectations about a recovery in this issue. The Ministry of Finance and Public Credit (SHCP) published its forecast of non-Pemex production.
Renegotiations of the North American Free Trade Agreement (NAFTA) are moving forward and countries are putting their proposals on the table. The United States made a proposal for Mexico’s alliances in the energy sector.
One of the goals of Energy Reform is to create a new and free energy market in Mexico. It seems like Pemex does not understand, and its doing things to keep its monopoly, at least in the fuel market.
Pemex lack of capacity to supply local gas demand is converting Mexico into an importer country of this fuel and its dependence on US is increasing. Private importers keep increasing their market share.