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Energy Reform in Mexico almost approved; now for the hard part

Energy Reform in Mexico almost approved; now for the hard part

Report summary

Hydrocarbon production is expected to increase but it will remain below the ambitious targets set by the government. In the short term, the restructuring of the state owned companies Pemex and CFE is likely to introduce volatility in the domestic market as the new business model consolidates. Gasoline and diesel prices will shift to a maximum price scheme before being liberalized in 2017 and new Clean Energy Certificates will be introduced to promote the use of renewables for power generation.

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