Natural gas shortage triggers major power outage; nearly 5 million affected Cold weather in US halts movement of gas to Mexico
Published on Monday, February 15, 2021
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Almost 5 million people in northern Mexico were affected by a major power outage on Monday morning due to an interruption in the natural gas supply caused by cold weather.
President López Obrador said the blackout affected about 400,000 people in parts of Nuevo León, Coahuila, Tamaulipas and Chihuahua, including Saltillo, Reynosa, Matamoros, Nuevo Laredo, Ciudad Juárez, Chihuahua city, Cuauhtémoc and Delicias.
However, Federal Electricity Commission (CFE) distribution director Guillermo Nevárez Elizondo later said 4.7 million people were affected by the outages in the north of the country.
Spanish oil company Repsol has overhauled its leadership structure to deliver its new strategy that includes a greater push into renewables.
The key appointment is that of María Victoria Zingoni, who will be the executive managing director for the renewables business, one of the “main growth vectors of the company”.
Repsol is planning to spend over €5bn on green generation and low carbon power between 2021 and 2025.
The proposed €5.5bn investment is around 30% of a larger €18.3bn commitment in the period, which forms part of the Spanish oil and gas producer’s strategic plan to “accelerate the energy transition and ensuring return and the highest value for shareholders”.
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