Insight
| |
5 Pages

What Round 1 and spending cuts mean for Mexican gas

What Round 1 and spending cuts mean for Mexican gas

Report summary

Mexico's energy reform opened the upstream sector to private investment for the first time since 1938. In July 2015 the first auctions were held, and with three of four phases of the Round 1 auctions complete, we now have visibility on the impact reform could have on gas production. The fourth phase focuses on deepwater and will be held in December. This phase could have the greatest potential to increase gas production, but due to long lead times, bidding will not influence the market until 2025.

The crash in oil prices forced Pemex to cut 2016 spending by US$5.5 bn. New low-cost US imports and debottlenecking pipelines mean Pemex can cut investment in gas-prone areas with a lower risk of shortages. As part of the energy reform, Pemex is supposed to be run more like a private company, and as a result, less profitable assets can have their funding cut more easily. As a result, non-associated gas assets may be among early cuts.

What's included?

This report includes 1 file(s)

  • What Round 1 and spending cuts mean for Mexican gas PDF - 607.60 KB 5 Pages, 1 Tables, 1 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • What Round 1 and spending cuts mean for Mexican gas

In this report there are 2 tables or charts, including:

  • What Round 1 and spending cuts mean for Mexican gas
    • Round 1 phases
    • What Round 1 and spending cuts mean for Mexican gas: Table 1
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

You may also be interested in

Our clients

Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...