Pemex Loses of $32 Per Barrel of Crude Oil, Says Financial Audit
The losses from 2019 to 2023 mark a 168 percent increase in Pemex’s net losses between 2013 and 2018
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Cenace Pauses Development of Approved Electrical Projects
Hundreds of electrical projects approved by Mexico’s Energy Regulatory Commission remain in pending development at the National Center for Energy Control in spite of last month’s nationwide reports that demands on the electrical system supply exceeded its capacity
Read moreCongress Approves AMLO’s Central Bank, Energy Commission Appointees
Once he is sworn in, he will serve as a Banxico vice governor through Dec. 31, 2030
Read moreMexican Government Goes after Solar Panel Energy Production
PULSE NEWS MEXICO As an extension of Mexican President Andrés Manuel López Obrador’s (AMLO) controversial efforts to prioritize state-run, fossil-based fuel sources over clean alternatives, the government’s Energy Regulatory Commission (CRE) announced Thursday, Nov. 10, that is would immediately begin implementing restrictions on solar panel energy production. The CRE, whose commissioners are assigned by the federal government, said in a
Read moreMexican Government Puts Cap on Natural Gas Prices
PULSE NEWS MEXICO Mexico’s Energy Secretariat announced Thursday, July 28, that LP natural gas will be subject to a maximum price cap for an indefinite period of time starting in August. In a published statement, Mexico’s Energy Regulatory Commission (CRE) stated that the new ruling will replace the government’s current price-setting program, which went into effect in July 2021 as
Read moreUS, Canada Seek Consultations with Mexico over Energy Policies
By MARK LORENZANA U.S. Trade Representative Katherine Tai, on Wednesday, July 20, announced that the United States has requested dispute-settlement consultations with the Mexican government under the United States-Mexico-Canada Agreement (USMCA). The consultations relate to certain measures by the government of Mexican President Andrés Manuel López Obrador (AMLO), specifically discriminatory energy policies that have violated provisions in the USMCA. According to
Read moreSener Decree on Gas Monopoly Halted
By MARK LORENZANA Federal judges on Tuesday, July 12, put a stop to the order of Mexico’s federal government that forced private companies to buy natural gas from Mexico’s Federal Electricity Commission (CFE) and state oil giant Petróleos Mexicanos (Pemex). Through five amparo (habeas corpus) injunctions, the judges — who specialize in economic-competition cases — suspended the effects of the
Read moreCRE Halts Iberdrola Wind Farm Operation in Guanajuato
By MARK LORENZANA Mexico’s Energy Regulatory Commission (CRE) prevented Spanish energy company Iberdrola from operating a wind farm in the central Mexican state of Guanajuato. Iberdrola had invested a total of $150 million in the wind farm. According to the CRE, its decision to stop the wind farm’s operations stemmed from a breach in permit that originally allowed Iberdrola to
Read moreSener Forces Consumers to Buy Gas Solely from CFE, Pemex
By MARK LORENZANA Mexico’s Secretary of Energy Rocío Nahle on Monday, June 13, sent an official letter to the Energy Regulatory Commission (CRE) and the National Gas Control Center (Cenagas), instructing them to modify regulations and transport contracts for natural gas, which would favor Mexico’s Federal Electricity Commission (CFE) and state oil giant Petróleos Mexicanos (Pemex). This direct order from
Read moreIberdrola Fined More than Its Investment for Producing Clean Energy
PULSE NEWS MEXICO Mexico’s Energy Regulatory Commission (CRE) on Friday, May 27, fined Iberdrola Energía Monterrey an exuberant amount of 9,145,388,400 pesos for the sale of energy to customers that were not original partners in its self-supply permit. When Iberdrola opened the plant in question, its total investment was 9 billion pesos, that is 145,388,400 less than the fine imposed
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