Insight

Secondary legislation sets the new rules of the energy sector in Mexico

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Report summary

On 30 April 2014, the Mexican government presented the Energy Reform's secondary legislation. This legislation contains the proposed governing laws of the reform. The proposal may still change as a result of on-going political negotiation. However, given the legislation's lengthy preparation and extensive consultation, it is unlikely to undergo major changes. We anticipate that the legislation will be approved by the end of June.

What's included

This report contains

  • Document

    Secondary legislation.xls

    XLS 67.50 KB

  • Document

    Fiscal Insight.xls

    XLS 78.50 KB

  • Document

    Secondary legislation sets the new rules of the energy sector

    PDF 833.75 KB

  • Document

    Secondary legislation sets the new rules of the energy sector

    ZIP 859.64 KB

Table of contents

  • Executive summary
    • Entry opportunities
    • Opportunities for joint ventures
    • Opportunities for non-Pemex licensing rounds
    • Competitive fiscal terms expected
    • Opportunities in midstream:
    • Refining
    • Trading opportunities in a growing market
    • Delayed transition for the end users segment
    • Competitive market
    • One of the main goals of the secondary legislation is to increase competition in both mid and downstream markets. In order to achieve this the government is proposing a five year timeline, 2019, to ensure that no participant controls more than 50% of natural gas transport and retail sales. By 2029, ownership will be limited to 20%. Only Pemex and CFE will be affected by these restrictions as their current market shares are above the threshold. Assets currently owned by Pemex or CFE above the 50% limit should be made available for private companies according to the rules that CRE will define within the next year
    • Generation: restructuring an already open market
    • Same old operator
    • Electricity retail market

Tables and charts

This report includes 6 images and tables including:

Images

  • Map of Chicontepec and the Perdido Area
  • Secondary legislation sets the new rules of the energy sector in Mexico: Image 2
  • Fiscal benchmarking of the Great White field (Deepwater GoM) across several regimes as of 2014
  • Retail market segmentation
  • Mexican power market after the reform

Tables

  • Secondary legislation sets the new rules of the energy sector in Mexico: Table 1

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