Last week, the uncertain landscape clears for the Mexican natural gas industry. After ongoing pipeline infrastructure was put in doubt by President López Obrador, CFE and private players reach a common agreement that rating agencies like Moody’s qualify as positive. On the other hand, CNH proposes new investments in areas that have not been awarded in previous bidding rounds to increase national gas production.
The UK becomes the first country to establish an EV charger mandate for new homes and offices by 2020. In fact, EV charger stations already outnumber gas stations in this region. Enel starts building Chile’s largest solar PV project, which account for half of the country’s capacity under construction and Greta Thunberg finalized its transatlantic trip.
Energized yet? Here is your weekly roundup!
This arrangement included a 30-year contract extension and a better tariff for gas transportation that will translate into decreasing the utility’s payment obligation from US$12 billion, to US$4,500 billion.
According to Roxana Munoz, Analyst at the rating agency, the agreement brings certainty toward investment and ensure projects will continue.
According to Alma América Porres, Commissioner at the regulatory agency, there are opportunities to increase production through PEMEX’s priority fields and bidding rounds
According to Francisco Granados, Director of Electricity at CRE, to date Mexico enjoys 3,291MW of installed capacity in large scale utility projects and 112,660 contracts under a distributed generation scheme.
Under regulations set to take effect on the 1H20, every new home would require to install an EV charger with a minimum output of 7kW and a universal socket. This is the first country where EV chargers outnumber gas stations.
Italian group’s 382MW Campos de Sol accounts for about half of all PV capacity currently under construction in nation. The project, located in the Atacama Desert, involves a total investment of US$320 million.
Thunberg has been sailing to New York to speak at the UN Climate Action Summit on September 23, and traveled on a zero-emissions sailboat to reduce the environmental impact of her journey. But, is the whole journey emission-free? Andreas Kling, spokesman of the captain disagrees.
The world’s biggest producer of climate-warming greenhouse gases has pledged to bring emissions to a peak by around 2030 as part of the global effort to curb rising temperatures.
Don’t forget Mexico Energy Review will be on September 3-5 at THE GREEN EXPO. Find us at the stand No.135! You can sit with us and take a copy of Mexico Energy Review 2019.