New Atlantic Council Report on Mexico’s Energy Reform: Mexico “Ready to Launch” Predicts Large Foreign Investment and Boost in Manufacturing from Cheaper Electricity
A note from Christi:
Mexico Energy Reform: Large Foreign Investment, Boost in Manufacturing, Cheaper Electricity
A report by the Atlantic Council’s Adrienne Arsht Latin America Center argues that Mexico’s recently enacted energy reform will “transform Mexico into a major energy and industrial power.”
Co-authored by the Arsht Center’s Senior Nonresident Energy Fellow and former US State Department Special Envoy and Coordinator for International Energy Affairs, David Goldwyn, NEW report reviews the implementing legislation for the energy reforms signed by President Peña Nieto on August 11, 2014. It concludes that the reforms seek to increase investment in Mexico’s hydrocarbons sector and boost oil and gas production levels, and also present ample investment opportunities in the pipeline or midstream infrastructure that will bring natural gas to and throughout Mexico. “Natural gas is the lynchpin of the energy reform”, said Goldwyn, “The key to delivering lower cost and more reliable electric power to Mexico is increasing access to natural gas first by pipeline from the U.S., and then over time from indigenous production.”
Read the full article here.