Andrés Manuel López Obrador (AMLO) promised to recover the country’s energy self-sufficiency quickly, but this process will take longer than expected. Meanwhile, the private sector is still preparing to meet local demand with imports.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, said no to the implementation of unconventional techniques such as fracking in the country. This decision would have several negative effects on Mexico’s trade balance, especially in matters of natural gas imports.
Andrés Manuel López Obrador (AMLO) has several plans for the energy sector and is optimistic about the future of this industry. Claudio González Laporte, Chairman of the Board of Directors of Kimberly Clark and twice head of the Mexican Business Council, spoke about the natural gas situation and AMLO’s strategies.
Pemex has been facing a difficult operational and financial crisis during recent years. However, the NOC is optimistic about its future, specially in natural gas. Octavio Romero Oropeza, CEO of Pemex, talked about natural gas output for the next six years.
Mexico is facing times of great uncertainty due to Pemex’s inability to meet local demand for natural gas. Concerns have recently increased due to talk about cancelation of some gas contracts. Representatives from various sectors spoke about this situation.