Mexico hopes its economy will soon be cooking with gas
For the last 60 years, the logo of Mexico`s energy sector could easily have been a `No trespassing` sign. Everything from finding, storing, and transporting oil and gas to siting, financing, and operating powerplants has been handled by only two state-owned entities and controlled out of a handful of offices in Mexico City. Decentralization is changing the ground rules and playing field for all of corporate Mexico. But it`s hard to imagine any Mexican company being affected more than Pemex - and not just because of its size. Analysts believe that the company wants to spend more money looking for new oil and gas reserves, both on- and off-shore. But to justify a larger investment in exploration, the company needs a larger domestic market, and that will require an expanded gas pipeline system. Gas is the focus because Pemex already knows that industrial demand for it will soon skyrocket: Last year, CFE issued new regulations that call for all of its oil-burning powerplants to switch to natural gas by 1998 to help reduce emissions of SO{sub 2}.
- OSTI ID:
- 249654
- Journal Information:
- Electrical World, Vol. 210, Issue 5; Other Information: PBD: May 1996
- Country of Publication:
- United States
- Language:
- English
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