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Regulatory Reform In Mexicos Natural Gas Industry
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Book Synopsis Regulatory Reform in Mexico's Natural Gas Industry by : Juan Rosellón
Download or read book Regulatory Reform in Mexico's Natural Gas Industry written by Juan Rosellón and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberalization of the natural gas industry is complex because the sector combines activities with natural monopoly characteristics with activities that are potentially competitive. The challenges are compounded when the state opts to retain vertically integrated monopolies in otherwise contestable segments of the industry. Regulatory issues associated with partial liberalization of natural gas markets are analyzed through a case study of Mexico.
Book Synopsis Regulatory Reform in Mexico's Natural Gas Sector by : International Energy Agency
Download or read book Regulatory Reform in Mexico's Natural Gas Sector written by International Energy Agency and published by International Energy Agency. This book was released on 1996 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulatory Reform in Mexico's Natural Gas Industry by : Juan Rosellon
Download or read book Regulatory Reform in Mexico's Natural Gas Industry written by Juan Rosellon and published by . This book was released on 2016 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberalization of the nat ...
Book Synopsis Regulatory Reform in Mexico's Natural Gas Industry by : Jonathan Halpern
Download or read book Regulatory Reform in Mexico's Natural Gas Industry written by Jonathan Halpern and published by . This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: January 2001 - Liberalization of the natural gas industry is complex because the sector combines activities with natural monopoly characteristics with activities that are potentially competitive. The challenges are compounded when the State opts to retain vertically integrated monopolies in otherwise contestable segments of the industry. Regulatory issues associated with partial liberalization of natural gas markets are analyzed through a case study of Mexico. The natural gas industry combines activities with natural monopoly characteristics with those that are potentially competitive. Pipeline transport and distribution, which have natural monopoly characteristics, require regulation of price and nonprice behavior. Production is a contestable activity, but in a few countries (including Mexico) it remains a state monopoly. Gas marketing is also contestable, but the presence of a dominant, upstream, vertically integrated incumbent may pose significant barriers to entry. Market architecture decisions"such as horizontal structure, regional development, and the degree of vertical integration"are also crucial. Rosellón and Halpern report that Mexico has undertaken structural reform in the energy sector more slowly than many other countries, but it has introduced changes to attract private investment in natural gas transport and distribution. These changes were a response to the rapid growth in demand for natural gas (about 10 percent a year) in Mexico, which was in turn a response to economic development and the enforcement of environmental regulations. The new regulatory framework provides incentives for firms to invest and operate efficiently and to bear much of the risk associated with new projects. It also protects captive consumers and improves general economic welfare. The continued vertical integration of the state-owned company Pemex and its statutory monopoly in domestic production posed a challenge to regulators. Their response in liberalizing trade, setting first-hand sales prices, and regulating natural gas distribution makes the Mexican case an interesting example of regulatory design. As the first phase of investment mobilization and competition for the market in Mexican distribution projects concludes, remaining challenges include consistently and transparently enforcing regulations, coordinating tasks among government agencies, and ensuring expansion of gas transport services and domestic production. A key challenge in the near term will be fostering competition in the market. In strengthening the role of market forces, one issue is Pemex's discretionary discounts on domestic gas and access to transport services, made possible by its monopoly in domestic production and marketing activities and its overwhelming dominance in transport. The main instrument available to the regulator is proscribing Pemex contract pricing, but more durable and tractable instruments should be considered. This paper"a product of the Finance, Private Sector, and Infrastructure Sector Unit, Latin America and the Caribbean Region"is part of a larger effort in the region to evaluate and disseminate lessons of experience in designing policies to improve the quality and sustainability of infrastructure services. The authors may be contacted at [email protected] or [email protected].
Book Synopsis Price and Rate Regulations for the Mexican Natural Gas Industry by : Juan Rosellón
Download or read book Price and Rate Regulations for the Mexican Natural Gas Industry written by Juan Rosellón and published by . This book was released on 1997 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulation of Mexico's Natural Gas Industry by : Héctor Olea
Download or read book Regulation of Mexico's Natural Gas Industry written by Héctor Olea and published by . This book was released on 2005 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Natural Gas Policy Change in Mexico. The Political Economy of State Ownership and Regulation (1995-2018). by : Rafael Armando Aguirre Ponce
Download or read book Natural Gas Policy Change in Mexico. The Political Economy of State Ownership and Regulation (1995-2018). written by Rafael Armando Aguirre Ponce and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A reform of the constitutional bases of the oil and gas industry in Mexico took place in 2013 (with sweeping changes to secondary legislation through 2014). Private and foreign production of hydrocarbons became legal after almost six decades of national monopoly --and 75 years after the revolutionary regime nationalized the assets of foreign producers. A wholesale market for electricity was also put in place. These legal reforms started to crystallize in 2018, as private producers started to have access to the networks carrying electricity and gas across the nation. This research presents a retrospective examination of 23 years of policy implementation in the natural gas industry of Mexico (1995-2018). The dissertation pays central attention to the patterns of state intervention that have characterized the national economy and that have contributed to shape the outcome of two policy packages pursuing liberalisation (one starting in 1995 and the other in 2013 and 2014). The research is based on a classical political economy approach, drawing on the literature on Varieties of Capitalism and Varieties of State Capitalism. The study centers on the relations between the players in the sector: their constraints and resources, against a backdrop of other economic policies affecting energy. Importantly, this study considers regulation as a mechanism of economic coordination. As a process-tracing case study, this thesis sets out to elucidate the distinctive factors that contributed to produce the current organization of the natural gas sector in Mexico --one where, ironically, liberalisation has been possible thanks to the deployment of a new state-owned enterprise. Three factors stand out as characteristic in the Mexican trajectory towards liberalisation: the strength of the national oil company as an obstacle of upstream liberalisation for almost two decades after 1995; the absence or weakness of constituencies supporting the restructuring of the sector (large industrial consumers, local distributors), and the sudden restructuring of supply and demand patterns, with the state-owned electricity enterprise emerging as a dominant trader. The new centrality of the electricity SOE and an Independent System Operator (also an SOE) underscores the limits of the new, more competitive, structure of the Mexican natural gas industry.
Book Synopsis The Governance of Regulators Driving Performance at Mexico's Energy Regulatory Commission by : OECD
Download or read book The Governance of Regulators Driving Performance at Mexico's Energy Regulatory Commission written by OECD and published by OECD Publishing. This book was released on 2017-10-12 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a framework developed by the OECD, this study assesses the functions, practices and behaviour of Mexico’s Energy Regulatory Commission.
Book Synopsis U.S.-Mexico Energy by : United States. General Accounting Office
Download or read book U.S.-Mexico Energy written by United States. General Accounting Office and published by . This book was released on 1991 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Governance of Regulators Driving Performance of Mexico's Energy Regulators by : OECD
Download or read book The Governance of Regulators Driving Performance of Mexico's Energy Regulators written by OECD and published by OECD Publishing. This book was released on 2017-01-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report looks at the external governance of Mexico’s energy sector and its three regulatory bodies, the Agency for Safety, Energy and Environment (ASEA), the National Hydrocarbons Commissions (CNH) and the Energy Regulatory Commission (CRE), following a structural reform of the sector...
Book Synopsis Mexico's Oil and Gas Sector by : Congressional Research Service
Download or read book Mexico's Oil and Gas Sector written by Congressional Research Service and published by CreateSpace. This book was released on 2014-10-23 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future of oil and natural gas production in Mexico is of importance for both Mexico's economic growth, as well as for U.S. energy security, a key congressional interest. Mexico is a top trade partner and crude oil supplier to the United States. Mexico's state oil company, Petroleos Mexicanos (Pemex) remains an important source of government revenue even as it is struggling to counter declining oil production and reserves. Due to an inability to meet rising demand, Mexico has also significantly increased natural gas imports from the United States. Still, gas shortages have hindered the country's economic performance, including in manufacturing sectors that are highly integrated with U.S. industries. On December 20, 2013, Mexican President Enrique Peña Nieto signed historic constitutional reforms related to Mexico's energy sector aimed at reversing oil and gas production declines. On August 11, 2014, secondary laws to implement those reforms officially opened Mexico's oil, natural gas, and power sectors to private investment. As a result, Pemex can now partner with international companies that have the experience and capital required for exploring Mexico's vast deep water and shale resources. Leftist parties and others remain opposed to the reforms, however, maintaining that the reforms cede control over Mexico's natural resources without ensuring that those resources are developed in a sustainable way that benefits the Mexican people. Opponents hope to convene a popular referendum on the reforms during the 2015 mid-term elections, but Mexico's Supreme Court may not allow it to take place. The energy reforms transform Pemex into a “productive state enterprise” with more autonomy and a lower tax burden than before, but make it subject to competition with private investors. They create different types of contracts for private companies interested in investing in Mexico, including production-sharing and licensing; allow companies to post reserves for accounting purposes; establish a sovereign wealth fund; and create new regulators. In August, Mexico's Secretariat of Energy announced the results of “Round Zero,” which defines the exploratory and production areas that Pemex can retain. Pemex is likely to partner with private companies to exploit many of those areas. The first round of public bidding is expected in 2015. The U.S. Congress has legislative and oversight interests in examining the potential implications of Mexico's oil and natural gas reforms on U.S. hydrocarbons imports and exports, bilateral trade and investment, and economic conditions in Mexico. Congress approved the U.S.-Mexico Transboundary Hydrocarbons Agreement in December 2013 (P.L. 113-67, the Bipartisan Budget Act of 2013). That agreement is intended to facilitate joint development of oil and natural gas in part of the Gulf of Mexico. In June 2014 and again in September 2014, the House approved measures (H.R. 3301/H.R. 2) with provisions to ensure the continued development of infrastructure to export natural gas to Mexico. The opening of Mexico's oil and natural gas sector could expand U.S.-Mexico energy trade and provide opportunities for U.S. companies involved in the hydrocarbons sector, as well as infrastructure and other oil field services. If these reforms accelerate growth and investment in Mexico (as the government has stated) they could also benefit North American competitiveness. Industry analysts maintain that the reforms are generally well-designed, but that the way they are implemented will likely determine whether they prove to be as transformative as the Mexican government expects.
Book Synopsis The Regulation of Natural Gas in Mexico by :
Download or read book The Regulation of Natural Gas in Mexico written by and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis OECD Reviews of Regulatory Reform: Mexico 2004 Progress in Implementing Regulatory Reform by : OECD
Download or read book OECD Reviews of Regulatory Reform: Mexico 2004 Progress in Implementing Regulatory Reform written by OECD and published by OECD Publishing. This book was released on 2004-11-04 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive review of Mexican regulatory policy outlines progress made by Mexico since the 1999 review conducted by the OECD, and makes recommendations for further reforms aimed at promoting investment and boosting productivity and ...
Book Synopsis The Governance of Regulators Driving Performance at Mexico's Agency for Safety, Energy and Environment by : OECD
Download or read book The Governance of Regulators Driving Performance at Mexico's Agency for Safety, Energy and Environment written by OECD and published by OECD Publishing. This book was released on 2017-10-12 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a framework developed by the OECD, this study assesses the functions, practices and behaviour of Mexico’s Agency for Safety, Energy and Environment.
Book Synopsis Macondo Well Deepwater Horizon Blowout by : National Research Council
Download or read book Macondo Well Deepwater Horizon Blowout written by National Research Council and published by National Academies Press. This book was released on 2012-03-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The blowout of the Macondo well on April 20, 2010, led to enormous consequences for the individuals involved in the drilling operations, and for their families. Eleven workers on the Deepwater Horizon drilling rig lost their lives and 16 others were seriously injured. There were also enormous consequences for the companies involved in the drilling operations, to the Gulf of Mexico environment, and to the economy of the region and beyond. The flow continued for nearly 3 months before the well could be completely killed, during which time, nearly 5 million barrels of oil spilled into the gulf. Macondo Well-Deepwater Horizon Blowout examines the causes of the blowout and provides a series of recommendations, for both the oil and gas industry and government regulators, intended to reduce the likelihood and impact of any future losses of well control during offshore drilling. According to this report, companies involved in offshore drilling should take a "system safety" approach to anticipating and managing possible dangers at every level of operation-from ensuring the integrity of wells to designing blowout preventers that function under all foreseeable conditions-in order to reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill. In addition, an enhanced regulatory approach should combine strong industry safety goals with mandatory oversight at critical points during drilling operations. Macondo Well-Deepwater Horizon Blowout discusses ultimate responsibility and accountability for well integrity and safety of offshore equipment, formal system safety education and training of personnel engaged in offshore drilling, and guidelines that should be established so that well designs incorporate protection against the various credible risks associated with the drilling and abandonment process. This book will be of interest to professionals in the oil and gas industry, government decision makers, environmental advocacy groups, and others who seek an understanding of the processes involved in order to ensure safety in undertakings of this nature.
Book Synopsis U.S.-Mexico Energy by : United States. General Accounting Office
Download or read book U.S.-Mexico Energy written by United States. General Accounting Office and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mexico's Oil and Gas Industry by : Neil Becker
Download or read book Mexico's Oil and Gas Industry written by Neil Becker and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The future of oil and natural gas production in Mexico is of importance for both Mexico's economic growth, as well as for U.S. energy security, a key congressional interest. Mexico is a top trade partner and the 3rd largest crude oil supplier to the United States. Mexico's state oil company, Petroleos Mexicanos (Pemex) remains an important source of government revenue even as it is struggling to counter declining oil production and reserves. Due to an inability to meet rising demand, Mexico has also significantly increased natural gas imports from the United States. Still, gas shortages have hindered the country's economic performance. This book provides an overview of Pemex and the content and prospects for Mexico's energy reforms, before discussing specific issues facing Mexico's oil and gas industry. It then examines the U.S.-Mexico energy relationship through the lenses of trade and energy cooperation. It concludes by suggesting several oversight issues for Congress related to what the enactment of energy reform might portend for Mexico's economic development, the U.S. energy matrix, and bilateral or North American energy cooperation.
