Presidential elections have generated concern in the sector, especially about the future of Energy Reform. Pedro Joaquín Coldwell, Secretary of Energy, spoke on this topic and unconventional auctions at the Energy Mexico 2018 Forum.
The Mexican oil sector has been facing tough times in recent years, but the government’s reform looks to boost the industry through auctions and alliances. These processes have helped several services and mapping companies.
The ratification of former Brazilian President Luiz Inacio Lula da Silva’s corruption condemnation, allayed investor fears that the leftist politician could win this year’s elections, but they remain cautious about Mexico, where populist Andrés Manuel López Obrador (AMLO) leads the polls.
Energy Secretary (Sener), Pedro Joaquin Coldwell, said that during the next six years, the government should continue with the tenders established in Mexico’s Five-Year Hydrocarbons Plan so that the country can increase its production levels to 1.5mbd in the medium term.
The National Center for Natural Gas Control (Cenagas) is working with private investors to create an energy hub in the state of Nuevo León, from which authorities expect to sell gas in large quantities.