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Aug
16
MEXICO REFORM OVERVIEW

Mexican energy reform and market overview: Mexico’s historic energy reform bill, approved in December 2013, is the most ambitious and promising of reforms that have been attempted in the energy field to date. It ends the 76-year oil monopoly and, for the first time, opens up the energy sector to competition from international oil and gas firms, like Viking Energy Service. What this reform has done for the natural gas and electricity market in Mexico is allow Mexico to export natural gas from the US and substantially decrease their use of LNG (Liquefied Natural Gas) which is 80% higher in price, compared to pipeline natural gas being produced in the US. This reform will help Mexico in m...


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