thank you grajjek. also the monopoly came to an e
Post# of 8059
Posted On: 10/15/2014 11:13:49 PM
thank you grajjek.
also the monopoly came to an end!
so some promises of the new mexican president are realized.
http://www.bajainsider.com/driving-baja/gaspr...D81jBYrlLM
Probably the biggest news in terms of fuel in Mexico hasn't yet hit the pumps. In July the Mexican congress ended the 76 year monopoly held by Pemex. Pemex, as the state-owned company is known, will maintain 83 percent of the country’s so-called 2p reserves and 21 percent of potential reserves, Energy Minister Pedro Joaquin Coldwell said today in Mexico City. Mexico’s investment in fields will be $50 billion between 2015 and 2018, he said in a presentation of Round Zero, as the non-competitive awarding of fields was called.
The company is looking for partners in 10 projects where it lacks the technical and financial resources to develop fields on its own, Lozoya said. The plans for joint ventures will require investments of about $32.3 billion in the next five to 10 years, he said.
Pemex chief Emilio Lozoya says Mexico also boasts 460 trillion cubic feet of unexploited shale gas in the rock formations beneath its soil, worth an estimated $2.2 trillion. Energy -policy scholar and consultant Kent Moors says the five major fields identified could produce a “shale frenzy” among private companies. Shale gas exploration has it environmental opponents, and current techniques have been called in to question in Pennsylvania and in Alberta. Hopefully, Mexico's environmental concerns will be able to keep up with the rush to exploit this resource.
also the monopoly came to an end!
so some promises of the new mexican president are realized.
http://www.bajainsider.com/driving-baja/gaspr...D81jBYrlLM
Probably the biggest news in terms of fuel in Mexico hasn't yet hit the pumps. In July the Mexican congress ended the 76 year monopoly held by Pemex. Pemex, as the state-owned company is known, will maintain 83 percent of the country’s so-called 2p reserves and 21 percent of potential reserves, Energy Minister Pedro Joaquin Coldwell said today in Mexico City. Mexico’s investment in fields will be $50 billion between 2015 and 2018, he said in a presentation of Round Zero, as the non-competitive awarding of fields was called.
The company is looking for partners in 10 projects where it lacks the technical and financial resources to develop fields on its own, Lozoya said. The plans for joint ventures will require investments of about $32.3 billion in the next five to 10 years, he said.
Pemex chief Emilio Lozoya says Mexico also boasts 460 trillion cubic feet of unexploited shale gas in the rock formations beneath its soil, worth an estimated $2.2 trillion. Energy -policy scholar and consultant Kent Moors says the five major fields identified could produce a “shale frenzy” among private companies. Shale gas exploration has it environmental opponents, and current techniques have been called in to question in Pennsylvania and in Alberta. Hopefully, Mexico's environmental concerns will be able to keep up with the rush to exploit this resource.
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