MOU announced with a billion dollar company, (TrailStone NA Asset Holdings, LLC):
Trailstone is a subsidiary of Riverstone, "Riverstone is an energy and power-focused private investment firm with $38 billion of capital raised":
https://www.riverstonellc.com Here is an article regarding Mexico's growing need for natural gas:
And another (2/26/19) citing the fact that Mexico will be forcing natural gas cuts of up to 27% on certain businesses due to the possibility of a supply shortage
RISK OF FAILURE FOR GAS DEBASTE, ADVISE REGULATOR
Members of the National Hydrocarbons Commission (CNH) admitted the problem of low production of natural gas in the country and the risk of blackouts due to an eventual shortage. The Energy Regulatory Commission (CRE) black-and-white black-out due to lack of gas, said Sergio Pimentel, commissioner of the CNH, during the eighth hydrocarbons seminar held yesterday. He criticized that the Mexican government intends to renounce hydraulic fracturing for the exploitation of unconventional resources, including gas, because this would mean resigning to the use of this important natural wealth.The commissioned president of the CNH, Alma América Porres Luna, said that the regulator of the hydrocarbons sector has approached the Ministry of Energy to expose the problem of low production of natural gas and dependence on imports. The National Development Plan of the current government must capture that problem, it has to come to light, as well as the actions that must be followed for its solution, said Porres Luna. Néstor Martínez, commissioner of the CNH, said that there are public data that prove the importance of producing more natural gas in the country.
Thursday, February 28, 2019
The Private Sector is worried about the restriction in natural gas supply
The Mexican Industrial Chamber Confederation (CONCAMIN, for its acronym in Spanish), expressed its concerns regarding the current lack of natural gas supply in the country, since PEMEX requested certain companies in the country to reduce their natural gas consumption by up to 27%.
Source: El Economista