Mexico Pacific is lining up deals for black pearl of North American LNG spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
State Looks to Become Predominant Actor in Mexico’s Natural Gas Infrastructure
According to company plans and Mexican government announcements, the vast majority of 2021 natural gas projects will be spearheaded by the state, or at least the state will play some role in their development.
Meanwhile, most of the major natural gas pipelines launched thanks to Mexico’s 2013-2014 energy reform are complete, but a few delayed projects should come online in 2021.
One of these is Grupo Carso’s 472 MMcf/d Samalayuca-Sásabe pipeline. The pipeline is in the testing phase and slated to enter service in the coming weeks. It will connect West Texas gas supply with the Sásabe area of northwestern Mexico.
Gas price rally buoys North American LNG developers looking to 2021 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
by Bloomberg
|Tuesday, December 22, 2020
Investors reportedly are very hesitant about committing money to Mexico given concerns about the rule of law and lack of regulatory independence.
(Bloomberg) Mexican President Andres Manuel Lopez Obrador’s hardball tactics against foreign energy companies are halting projects and reversing a process that until recently made the country one of the world’s hottest oil and renewable markets.
About 200 wind farms, natural gas plants, solar arrays and other projects have been stalled, according to government documents, after Lopez Obrador ordered a halt to permitting, exacerbating what was already a lengthy bureaucratic process. Renewable giant Iberdrola SA has postponed new investments in Mexico while AES Corp. put off a deal for a $400 million wind farm because of permitting issues, according to three people familiar with the matter.
Mexico Natural Gas Market Hangs On in Tortuous 2020
Mexico’s natural gas market continued to grow in 2020 despite the chaos wrought by Covid-19 and unease around the government’s state-centric energy policies, underscoring the molecule’s increasing importance to the local economy.
Looking back,
NGI’s Mexico GPI forecasts last year may have been wildly optimistic. The year started innocently enough, but it took a sharp detour in the spring.
In January, Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) received 11 bids for natural gas supply to ensure the Sistrangas pipeline system maintained system balance, a first of its kind auction under President Andrés Manuel López Obrador’s administration, as well as a boost for competition.