Opening Mexican Energy: Encouraging Signs from the Government's Secondary Legislation Package

#Energy When the Mexican Congress approved a constitutional reform allowing private investment in the country’s oil, gas and electricity sectors in December of 2013, the news was greeted with excitement tempered by caution from national and foreign observers. It was a watershed moment in Mexican history. The constitutional reform, supported by more than two thirds of both houses of congress and a majority of the states in the country, raised expectations for a bonanza of investment for oil and gas production in Mexico, with private companies allowed to invest for the first time since nationalization in 1938. The nation’s electricity system is to be reformed as well, with private electricity generators allowed to sell directly to Mexican customers, a move expected to bring considerable investment and hopefully lower electricity prices.http://ift.tt/R8w2tA http://bit.ly/15KdByZ