Renewables & Electricity. Hydroelectric and geothermal projects will be the focus of the third auction; Mexico will develop its grid; and growth of solar installations may face technical limitations.


Natural Gas & Liquid Fuels. The first pipeline open season was postponed; the second, paused; and Mexico’s oil is not going to the US.


Oil & Gas Upstream. The second farm-out is on the way; Pemex bought oil output hedges; and OPEC’s extension of oil cuts is almost certain.


Money & Power. Inflation peaked; Mexico’s peso could strengthen further; and Mexico’s falling production may push it out of the global ranking.



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