Nearshoring picked up steam when the covid-19 pandemic exposed the considerable risks inherent in the supply chains for numerous critically important products and intermediate goods for which there was often a single supplier
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PULSE NEWS MEXICO Mexico’s dependency on imported gasoline — mainly from the United States — has increased by 28 percent annually based on the figures from January to October of this year, data from the country’s Energy Secretariat revealed on Friday, Dec 2. During the first 10 months of 2022, imports of gasoline by the state-run Petróleos Mexicanos (Pemex) increased
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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
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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
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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
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PULSE NEWS MEXICO Mexican President Andrés Manuel López Obrador (AMLO) signed an initiative on Tuesday, July 5, eliminating Daylight Savings Time (DST) in order “to not compete with people’s biological clock and to return to ‘God’s clock’.” That initiative was then sent to the Mexican Congress to be approved. Noting that the economic gains resulting from DST were minimal compared
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PULSE NEWS MEXICO Less than three and a half months after he cut the ribbon on his new Felipe Ángeles International Airport (AIFA) — which, due to a plethora of problems, such as a lack of working conveyor belts to move luggage and no viable public transportation to and from the hub, is still receiving just 12 flights per day
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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
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By MARK LORENZANA According to a report by the Wall Street Journal (WSJ) on Sunday, June 12, the government of Mexican President Andrés Manuel López Obrador (AMLO) “is shifting the country to a 1970s industrial policy” and has resorted to “greater state intervention” by targeting privately owned energy firms legally operating in Mexico and “backing state-run energy giants.” The WSJ
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PULSE NEWS MEXICO Mexico’s state-run Federal Electricity Commission (CFE) announced Monday, June 6, that it is cancelling the Gunaa Sicarú wind farm, after five years of struggling to make it operative while battling protests from local residents. In a statement, the CFE said that the project, which was located in the southern central state of Oaxaca, would be canceled along
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