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8 Pages

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


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

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 includes 3 file(s)

  • Secondary legislation sets the new rules of the energy sector PDF - 833.75 KB 8 Pages, 1 Tables, 5 Figures
  • Secondary legislation.xls XLS - 67.50 KB
  • Fiscal Insight.xls XLS - 78.50 KB

Description

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

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
  • Upstream
    • Entry opportunities
    • Opportunities for joint ventures
    • Opportunities for non-Pemex licensing rounds
    • Competitive fiscal terms expected
  • Midstream and Downstream
    • 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
  • Power market: the fastest transition
    • Generation: restructuring an already open market
    • Same old operator
    • Electricity retail market

In this report there are 6 tables or charts, including:

  • Executive summary
  • Upstream
    • Map of Chicontepec and the Perdido Area
    • Secondary legislation sets the new rules of the energy sector in Mexico: Image 2
    • Secondary legislation sets the new rules of the energy sector in Mexico: Table 1
    • Fiscal benchmarking of the Great White field (Deepwater GoM) across several regimes as of 2014
  • Midstream and Downstream
  • Power market: the fastest transition
    • Retail market segmentation
    • Mexican power market after the reform
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