Mexico Taking Steps to Undo Energy Reform, Says Former CRE Commissioner
“The energy reform sought to create a sector that operated as a market with technical criteria and with long-term investor certainty, and that is being dismantled,” Guillermo Zúñiga, former Commissioner at the Energy Regulatory Commission (CRE) from 2013-2019, told
NGI’s Mexico Gas Price Index.
Zúñiga, currently an international attorney at the Earthjustice environmental nonprofit based in San Francisco, is the 48th expert to participate in
NGI’s Mexico GPI’s ongoing question-and-answer (Q&A) series about the Mexican energy industry.
“A very important change in direction is occurring and we are seeing a return to a period of direct intervention in the sector, headed by the president, the ministries and the state-owned enterprises.”
Mexico begins 2021 with legislative, economic battles with businessmen 2 minutes read
By Pedro Pablo Cortes
Mexico City, Jan 10 (efe-epa).- The Mexican government begins this year with new and controversial legislative battles with businessmen regarding employment, renewable energy, autonomous entities and the Bank of Mexico (Banxico), all of which could disrupt its plan for a quick economic recovery.
“They are really very important threats for Mexico’s good economic progress,” Prof. Luis Guimes, with the Mexicali campus of the CETYS Graduate School of Business, told EFE on Sunday.
Just this past week, the first of the year, President Andres Manuel Lopez Obrador revived old initiatives and new policies to overturn the “reforms of the neoliberal period.”
Critics see setback for democracy in elimination of autonomous agencies Important counterweights to government power would be lost
Published on Friday, January 8, 2021
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Former transparency watchdog officials, business groups and others have slammed President López Obrador’s plan to incorporate autonomous agencies into ministries and other federal departments, warning that the move would eliminate important counterweights to government power and represent a backward step for democracy.
AMLO, as the president is commonly known, said Thursday that his government intends to absorb autonomous organizations such as the National Institute for Transparency and Access to Information (Inai) and the Federal Telecommunications Institute (IFT) into federal ministries and departments. The aim of the plan is to save money and eliminate the duplication of responsibilities, he asserted.
Following our client alert published on November 17, 2020,
1 it is informed that the Resolution that establishes the products whose import and exports is subject to regulation by the Ministry of Energy (the Resolution ) was published on December 26, 2020 and entered into effect on the 28th of the same month and year.
As reported by White & Case, on December 1, 2020, the Ministry of Economy (
SE ) and the Ministry of Energy (
SENER ) published before the National Commission of Regulatory Improvement the preliminary draft of the Resolution, in order to consolidate, update and modify the current regulations regarding import and export permits for hydrocarbons, petroleum products and certain materials, equipment and nuclear fuels, which are the responsibility of SENER and the National Nuclear Safety and Safeguards Commission.
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Mexican officials issued new regulation over the weekend on the permitting process involved in the importing and exporting of fuels in Mexico.
The Mexican Ministry of Energy (SENER) said it will now offer fuel and hydrocarbon import/export permits for five rather than 20 years. The new permit rule took effect Monday.
The regulation is seen by critics as an attempt to limit the ability of private firms to import and export fuels and hydrocarbons into Mexico, along with boosting support for Mexico s state oil firm, Pemex.
Jorge Canavati, chairman of Global Chamber San Antonio, said the new rule could threaten competition and pricing in the international fuel sector, as well as make it more difficult for foreign investors to make decisions on long-term investments in Mexico s energy sector.