Category Archives: Mexico

U.S. refiners cash in on Mexico’s record fuel imports | Reuters

U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy.The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on the United States for strategic energy supplies and providing business worth more than $15 billion a year to refiners such as Valero (VLO.N), Marathon Petroleum (MPC.N) and Citgo Petroleum.The rise in Mexico’s fuel imports reflects an economy that, after expanding for 27 quarters in a row even amid a public austerity plan, has been unable to increase its refining output to satisfy the consistent growth of its energy demand.It has led to rapid reversal in energy trade between the two countries. In 2016, crude exporter Mexico will be a net oil importer from the United States for the first time as shipments of refined fuel heading south outnumber shipments of crude to the north, according to the U.S. Energy Information Administration (EIA).

Source: U.S. refiners cash in on Mexico’s record fuel imports | Reuters

Monterrey tendrá gasolina más barata que la CDMX | El Financiero

La norteña ciudad de Nuevo León se beneficiará de la cercanía con la frontera y con la refinería de Cadereyta, para tener precios máximos menores a los que tendrá la Ciudad de México, de acuerdo con datos publicados por Hacienda.

Source: Monterrey tendrá gasolina más barata que la CDMX | El Financiero

Mexico gasoline prices to rise up to 20.1 percent in January

Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump.

Source: Mexico gasoline prices to rise up to 20.1 percent in January

Riverstone to back Mexican energy company Avant – PE Hub

Avant Energy S. de R.L. de C.V. (“Avant Energy” or “the Company”) a newly-established Mexican energy company, today announced that Riverstone Holdings, an energy and power-focused private investment firm, has agreed to an initial line-of-equity investment of $150 million in the Company, which can be increased to $300 million once this initial capital has been invested. Avant Energy executives have also made additional capital commitments for undisclosed amounts.With offices in Mexico City, Monterrey and Houston, Avant Energy will focus on the development, construction and operation of infrastructure for Mexico’s oil, natural gas, refined products and electricity sectors, as well as participate in the recently liberalized markets for these products and services.The company will be led by Jaime de la Rosa, Luis Farias, Jaime Williams, and Antonio Noyola, senior executives with extensive track records at companies including Cemex, Gas Natural Fenosa, Mitsui Power Americas and Gas Industrial de Monterrey. They will be joined by Lenny Lee, Roy Piskadlo, and Richard Jefferis; a group of experienced international executives who have held numerous leadership positions at firms including Entergy-Koch, Merrill Lynch Commodities, and AES.

Source: Riverstone to back Mexican energy company Avant – PE Hub

2nd Mexico Infrastructure Projects Forum – Monterrey January 18-19 2017

The 2nd Mexico Infrastructure Projects Forum (www.mexicoinfrastructure.com) is a two-day infrastructure event that will take place in Monterrey, México on January 18 and 19, 2017. Organized by Industry Exchange, the event will focus on Mexico´s most crucial infrastructure, clean energy, hydrocarbons and transportation industry investment opportunities and will bring together high-level industry executives from the private and public sector, multi-lateral development banks, and project sponsors from Mexico, the United States, Canada and Europe.  Register before November 30 for the 2nd Mexico Infrastructure Projects Forum in Monterrey and save U$400.

Mexico’s energy reform to reverse declining oil production | Tank Storage Magazine

Mexico’s energy reform is expected to help turn around the country’s declining production.  The end of PEMEX’s monopoly in Mexico’s energy sector will allow foreign direct investment that should revitalize the oil and gas industry and begin to increase oil production within the next three to four years.

 

Source: Mexico’s energy reform to reverse declining oil production | Tank Storage Magazine

Rangeland Energy Develops South Texas Energy Products System (STEPS) for Mexico Refined Fuels Transport

Rangeland Energy (“Rangeland”) recently announced that it has initiated development of the South Texas Energy Products System (“STEPS”). STEPS is an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico. During the initial phase of the project, refined products and LPG will be received in the Corpus Christi terminal then shipped to inland terminals located in Mexico. In subsequent phases, marine facilities in Corpus Christi will be added to the system, along with the infrastructure to accommodate additional commodities including crude oil, condensate and fuel oil. The STEPS project will expand upon and leverage Rangeland’s successful track record of developing similar infrastructure in the Bakken Shale and Permian Basin.

Source: Mexico Infrastructure Finance and Business Review | Rangeland Energy Develops South Texas Energy Products System (STEPS) for Mexico Refined Fuels Transport

Mexico Insitute Mexico Energy Webcast Mon Oct 3

Regulating Environment and Safety in Mexico’s New Energy Sector: A Conversation with Carlos de Regules

Source: Regulating Environment and Safety in Mexico’s New Energy Sector: A Conversation with Carlos de Regules | Wilson Center

Mexico Insitute Mexico Energy Webcast Mon Oct 3

Regulating Environment and Safety in Mexico’s New Energy Sector: A Conversation with Carlos de Regules

See more at: https://www.wilsoncenter.org/event/regulating-environment-and-safety-mexicos-new-energy-sector-conversation-carlos-de-regules#sthash.Od87dBlQ.dpuf

 

 

 

 

Mexico, Second World Importer of Gasoline

Mexico, Sep 21 (Prensa Latina) Mexico is now second world importer of gasoline, only preceded by the United States, it was informed here.According to daily La Jornada, it is expected that Mexican imports keep on increasing duer to the limited domestic refining capacity and the commercial opening of that fuel.In 2015, the foreign imports of gasoline totaled 13 billion 410 million dollars.The Mexican energy reform says that in 2017, free import of gasolines and diesel is to be allowed and in 2018 the prices of those fuels will be liberated, eliminating present price bands.Mexico imported 12 billion 694 million liters in the first half of 2016, for four billion 938 million dollars, according to data of the Secretary of Economy.Of the total of its domestic consumption of gasoline, the country imports almost 45 percent and faces the need to improve existing refineries to meet environmental norms and expand the offer. The third largest importer of gasoline was Singapur with 12 billion 757 million dollars, followed by South Korea (11 billion 730 million).

Source: Mexico, Second World Importer of Gasoline