Pemex Government Funding Outpaces Contributions
This marks the first time Pemex’s public support has outpaced its contributions since 2020
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Mexico Pumps Another 47 Million Pesos into Dos Bocas
Dos Bocas originally received 46.2 billion pesos in the construction budget for the year 2019, 45.5 billion pesos in 2020, 113.7 billion pesos in 2021 and 60.9 billion pesos in 2022, with an additional 47.2 billion pesos now allotted to the project for 2023
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 moreAMLO: Foreign Companies Can Invest in Solar Energy Only through CFE
By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO) said on Thursday, July 14, in his daily press conference that there is strong interest from foreign investors to put up solar power plants in the country, but for this to happen control will be given to Mexico’s Secretariat of Energy (Sener), and the main partner will be the Federal
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 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 moreWall Street Journal: Mexico Targets Private Power Companies
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
Read moreMexican Government Cancels Oaxaca Wind Farm Project
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
Read moreMexico’s Energy Policies Force Companies to Realign with Pemex
By KELIN DILLON As Mexican President Andrés Manuel López Obrador’s (AMLO) intention to reform Mexico’s energy sector to favor state-owned oil company Petróleos Mexicanos (Pemex) has resulted in the reduction of fuel import permits and the cancellation of storage operations, private and foreign companies alike have been forced to reignite a working relationship with Pemex in order to obtain sufficient
Read moreOnly 4 Percent of Nation’s Premium Gas Produced in Mexico
By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
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