Mexico could be at the precipice of a region-wide energy revolution, and natural gas is the key. The future of Mexico’s gas sector will be up for debate at the Latin American and Caribbean Gas Conference & Exhibition (LGC) held in Mexico City next month. Major industry players will meet from October 9-11 to discuss, among other topics, the country’s potential to become a major energy hub for Latin America.
The LGC meeting will be held in partnership with non-profit organization International Gas Union, which works to advocate for the incorporation of natural gay as a key component to sustainable energy systems. Also present will be decision-makers from ENGIE, AES, MAN Diesel, MODEC, Shell, TOTAL, Petrobras and other key players in the energy industry.
Orlando Cabrales Segovia, Regional Manager of the International Gas Union described the event as “an opportunity to discuss how to increase demand and take advantage of the gas potential in order to improve the competitiveness of our economies and the air quality of our cities by using natural gas in transportation” after five years of plateaued “production, incorporation of reserves and gas consumption in South America and Central America.”
Five years ago, Mexico received nearly $4 billion USD in investments specifically for the purpose of building and maintaining natural gas pipelines and other gas infrastructure. The country’s National Hydrocarbons Commission (CNH) recently created a public bidding system that offers up 35 exploration and extraction areas.
Mexico is the only Latin American member of the International Energy Agency, and therefore […]