Mexico’s president criticizes Shell-Pemex joint venture in Texas refinery

05/06/2021

Source: Yahoo! News

MEXICO CITY, May 6 (Reuters) – Mexico’s president on Thursday criticized the partnership between state oil company Pemex and Royal Dutch Shell in a Texas refinery, saying it has not yielded any benefits for Mexico.

President Andres Manuel Lopez Obrador, an energy nationalist who has sought to revive the fortunes of the deeply-indebted Pemex, said that no profits have been repatriated to Pemex since the partnership with Shell was established in 1993 as they have all been re-invested.

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Mexico Congress Passes Controversial Pro-Pemex Bill

04/22/2021

Source: Oilprice.com

The lower house of the Mexican parliament has passed a controversial bill that will give state-owned oil major Pemex more sway over the Mexican fuel market.

Bloomberg reports that the house voted 301 in favor and 147 against the proposal, which will remove a stipulation from an earlier law that requires the state energy market regulator CRE to prioritize fuel sales from private companies as a way of leveling their playing field with Pemex. According to the backers of the change, the field is level enough for the state-help provision to be removed. The bill now needs to pass through the Senate.

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For Mexico’s president, the future isn’t renewable energy — it’s coal

04/12/2021

Source: The Los Angeles Times

SABINAS, Mexico — Juan Manuel Briones was 14 when he started working in the coal mines in this remote stretch of northern Mexico.
He toiled underground for nearly two decades, only to be laid off a few years ago as Mexico began embracing renewable energy and weaning itself off fossil fuels.

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Mexico Minister Accuses Fuel Retailers of Pocketing Subsidies

04/06/2021

Source: Bloomberg

Mexico is proposing changes to the country’s fuel laws and will review permits issued to retailers because some gas station operators aren’t passing on subsidies to consumers after a spike in international oil prices.

“There’s a fiscal stimulus maintained by the Finance Ministry at this time, and there are some gasoline retailers that absorb the stimulus, increasing their profit margins considerably,” said Energy Minister Rocio Nahle in a written response to questions from Bloomberg. “We are going to review their permits and act accordingly,” she said.

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Mexico’s New Electricity Law Reverts to ‘Dirtier’ Energy

03/30/2021

Source: Brink

As the world moves away from fossil fuels and toward renewable energy sources, the government of Mexico’s President Andrés Manuel López Obrador (AMLO) is taking a different path.

Driven by the romanticism of Mexico’s nationalization of the oil industry in the 1950’s and what he calls the need for Mexico to be energy self-sufficient, AMLO has made it his mission to unravel former President Enrique Peña Nieto’s 2013 historic energy reform. The reform liberalized the country’s energy sector to attract greater foreign investment and spur projects focused on renewable energy sources.

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Mexico’s AMLO Pounces on Texas Freeze to Push Nationalist Agenda

03/25/2021

Source: Bloomberg

The deep freeze across the central U.S. last month didn’t just darken 4 million homes in Texas. It also left millions of people across the border in Mexico in the dark for days, disrupted water supplies, forced schools and businesses to shut, and knocked out service to about 800 manufacturing facilities that depend on U.S. shale gas for energy.

Since then, President Andres Manuel Lopez Obrador has turned the crisis into a rallying cry for more energy independence, weaponizing it to advance a nationalist agenda that has implications beyond natural gas imports and threatens tens of billions of dollars of investments in renewable energy by U.S., Canadian and European energy companies. On a large screen behind his press-briefing podium, he called up the image of a recent Wall Street Journal article showing how the power-market deregulation in Texas cost utility customers billions of dollars.

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Mexico Set to Reshape Power Sector to Favor the State

03/07/2021

Source: The New York Times

MEXICO CITY — President Andrés Manuel López Obrador has never been short of criticisms about his predecessor’s legacy. But he has reserved a special contempt for the sweeping overhaul that opened Mexico’s tightly held energy industry to the private sector.

He has called the changes a form of legalized “pillaging,” the product of corruption and a resounding failure. He has suggested that some foreign energy investors are “looting” the nation and that Mexican lawyers who work for them are guilty of treason.

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AMLO insists electricity bill doesn’t violate constitution but a court challenge is likely

03/03/2021

Source: Mexico News Daily

President López Obrador has dismissed suggestions that a law overhauling the country’s electricity market to favour a state-owned utility is unconstitutional, hours after it was passed by the Senate.

“There is nothing in it that violates constitutional rights, nothing, nothing, nothing,” López Obrador told his morning news conference on Wednesday.

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Mexico Cries Foul at Natural Gas Cutoff Ordered by Texas Governor

02/18/2021

Source: The New York Times

MEXICO CITY — The Mexican government said on Thursday that it was working to reverse an order from Gov. Greg Abbott of Texas to restrict natural gas exports, part of that state’s effort to resolve widespread power outages that have left millions of Texans without electricity in the middle of a deadly winter storm.

Mr. Abbott’s order has heightened tensions between the two countries, with top Mexican officials protesting the governor’s decision to cut off gas supplies just as Mexico works to resolve its own mass power outages as a result of the frigid weather.

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Mexico Blames U.S. as Energy Crisis Spills Across the Border

02/16/2021

Source: Yahoo! News

(Bloomberg) — If President Andres Manuel Lopez Obrador was looking for ammunition in his quest to cut Mexico’s reliance on foreign energy, it would be hard to top the electricity blackouts affecting the north of the country.

Mexico reported 4.77 million homes and businesses losing power Monday after imports of natural gas from the U.S. were curbed, knocking power stations offline.

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