By David Goldwyn
Over the past year, the eyes of the energy world have been on Mexico. Energy companies, investors, and other stakeholders have been waiting for the liberalization of Mexico’s energy industry, which has been closed to private investment since 1938. With the landmark passage of Mexican energy reform in August, that wait is finally over. Mexico is now on a path toward energy transformation.
The twenty-one laws signed by President Enrique Peña Nieto on August 11 do more than just turn last year’s constitutional reforms into groundbreaking legislation that will open up new energy frontiers for Mexico and its people. Much has been written about the fact that, for the first time in seventy-six years, private companies will be able to participate in oil and gas exploration and production. The legislative infrastructure of the reforms is robust and should make Mexico a competitive destination for upstream investment. Larger investment flows ... Read More