AMLO’s focus on energy sovereignty over energy security is a risky path for the country, analysts say; Gas Bienestar is welcomed in some parts of Mexico even by other LNG distributors; Pemex’s petrochemical business has shrunk to half of its production in the last five years.
A detailed opinion on what is instore for Mexico’s energy sector through the end of AMLO’s term; the CRE suspends fuel transshipments at the IEnova train terminal; the Cofece commission says government could do more to counter LNG market concentration rather than launch a state run distributor
A number of industry associations warn that new rules vastly limiting options for importing and exporting hydrocarbons will affect the greater energy sector; A US commercial representative says the awarding of the Zama field to Pemex does not violate the USMCA treaty; Pemex has 180 days to file a report and faces an investigation into its offshore fire.
A state run LPG distributor will cause more market disruptions and increase costs for Pemex and Mexican public finances, analysts say; Under AMLO the number of Pemex oil spills have increased; A Texas gas supplier has filed for arbitration against the state utility CFE.
The energy sector is a cause of concern as representatives from the United States, Canada and Mexico met in Mexico City to mark a year of the trade agreement between the three nations; Lukoil purchases 50% of the operation in Area 4; Pemex gets approval for its Miztli-1EXP onshore exploration well.
AMLO’s newest idea to curb increasing gas prices is a state run LPG distributor; Pemex gets approval for the Tlense-1EXP well; AMLO assures an analysis and repair of any eco damage from Pemex’s “eye of flame”.