U.S. Natural Gas Exports to Mexico Taking Off

August 3, 2015

08/03/15 Forbes

Export Or Import DirectionsJust as Space X rockets may be taking off from the beaches at Boca Chica near Brownsville, natural gas exports to Mexico look to also sky rocket in the coming years. Due to changes in Mexican law in 2013 opening the electricity market to private investment, billions of dollars in contracts have been let to build power plants, electrical distribution facilities and natural gas pipelines. In turn U.S. pipeline companies and gas producers have moved to capture the lion’s share of that market. Given the fact that Texas and Gulf Coast producers have been rapidly losing their old Northeast and Midwest markets to Marcellus producers this has proven to be a timely and vital new market. The Energy Information Agency (EIA) estimates that natural gas exports to Mexico were 3% of production in April 2015 and are expected to grow to 5% by 2030.

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Mexico’s wage crisis is so bad ‘that it violates what’s stipulated in the Constitution’

August 3, 2015

08/03/15 Business Insider

At the end of 2014, Mexico’s 16 billionaires were worth an average of nearly $9 billion.

That same year, the bottom 20% of Mexicans — nearly 25 million people — were worth an average of $80.

Economic hardship is widespread in Mexico, which is home to more than 120 million people, more than half of whom lived in poverty at the end 2012. Now inequality and wage disparity have emerged as further challenges to the development of Latin America’s second-largest economy.

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Mexico delays auction of deepwater oil assets

July 30, 2015

07/30/15 Financial Times

gas pipeline in green fieldMexico has delayed the auction for its prized deepwater oil assets and sweetened bid terms after its inaugural tender to open its oil sector to private investors flopped two weeks ago.

The call for bids in deepwater fields and subsequent opening of data rooms had been delayed by two months and was now likely to occur at the end of September, Joaquin Coldwell, energy minister, told local television channel Foro TV on Tuesday night.

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Uber drivers attacked outside Mexico City airport as taxi drivers demonstrate

July 30, 2015

07/30/15 The Guardian

Mexico City - nunavut (Flickr)A raucous crowd attacked Uber drivers and their vehicles with clubs and stones outside the Mexico City airport, according to the company, as licensed taxi drivers demonstrated to demand a “total halt” to app-based rideshare services in the capital.

Video of the demonstration showed people throwing eggs and flour inside the windows of vehicles, kicking doors and trying to rip off side mirrors. One man destroyed a sedan’s rear window with a large rock.

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Financing set for gas line in northern Mexico

July 29, 2015

07/29/15 Oil and Gas Journal

money laundering -- dollar billsFinancing is set for construction of a 289-mile pipeline that will carry natural gas produced in Texas to power plants in Mexico, reports Milbank, Tweed, Hadley & McCloy, which represented the funding group.

The La Laguna pipeline will connect power plants owned by state-owned Comision Federal del Electricidad in El Encino, Chihuahua, and La Laguna, Durango.

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Norwegian company surveying offshore Mexican reserves

July 28, 2015

07/28/15 UPI

Photo by Flickr user tsuda

Photo by Flickr user tsuda

SLO, Norway, July 28 (UPI) — A Norwegian energy company said it was surveying Mexican waters for the reserve potential in anticipation of a “new era” in the nation’s oil sector.

Dolphin Geophysical said Tuesday it started a seismic survey campaign off the western Mexican coast, saying the campaign coordinates with the nation’s recent sector reforms.

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Mexican Cilantro Contamination Spurs Partial U.S. Import Ban

July 28, 2015

07/28/15 Bloomberg

Giant sprinkler machines called ‘Pivote Central’ bring water to alfalfa fields in the Valle Hundido near Cuatro Cienegas. The wheels pivot around a center, connected to a well that supplies its water. The level of the aquifer that feeds these fields has dropped so much in the past decade that the surface water on the nearby lake Laguna Churince has completely disappeared. Residents are unsure which companies are behind the large alfalfa fields, but they speculate that they are related to large dairy farms near Torreón that use the alfalfa to feed their livestock. Officials estimate that there are more than 30 of these pivotes in the area.

Some Mexican cilantro is being banned in the U.S. after health officials found human feces and toilet paper in growing fields from which herbs have been linked to hundreds of intestinal illnesses among Americans dating back to 2012.

The Food and Drug Administration will detain Mexican cilantro at the border from April to August and won’t allow products from the state of Puebla, Mexico, into the U.S. without inspections and certification, according to an import ban dated Monday by the agency. Cilantro from other parts of Mexico will need documentation to prove the product isn’t from Puebla, about a two-hour drive southeast of Mexico City.

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