Mexico’s new president halts oil and gas tenders

In an interview given to Eric Thorp from Gas Strategies, Dr Carole Nakhle, CEO of Crystol Energy, discusses the prospects for the Mexican energy sector after the election victory of the left-wing president Andres Manuel Lopez Obrador.

After taking office in December 2018, Mexico’s new president announced that oil and gas tenders would be halted for the next three years as the government is waiting for production from existing contracts to pick up before any further blocks are issued.

According to Dr Nakhle, whilst the halt may be alarming to the industry, the ray of hope is the fact that Mexico carried out an extensive licensing programme since the energy reforms were announced in 2013, and the outcome of those is yet to fully materialise.

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