•DOMINANCE: Energy regulators in Mexico have reportedly agreed to advance President Andrés Manuel López Obrador’s plan to expand the role of state-run companies Pemex and CFE, according to reports by Mexico City’s Reforma newspaper and other media outlets.
•MEETING: In a follow-up to a July meeting where the President presented his plan, the National Hydrocarbons Commision (CNH) the Energy Regulatory Commission (CRE) and Gas Pipeline Operator (CENAGAS) agreed Tuesday to move forward within the current legal framework, sources revealed.
•SENTIMENT: “The administration’s vision for the energy and hydrocarbon sectors is rooted in a deeply nationalistic sentiment regarding the role of the state in the control of strategic national resources”, the Natural Resource Governance Institute (NRGI) said in a new assessment.
•CONCERNS: Despite concerns that the plan violates Mexico’s 2013 constitutional reform, regulators reportedly agreed among other things to stop new permits in the retail fuel market benefiting national oil company Pemex and to give preference to electricity generated by state-owned utility CFE.
