The New Natural Gas Industry in Mexico: How far has it gone after Liberalisation began in 1995?
Article from: OGEL 4 (2003), in National and International Issues in Natural Gas Development
Until 1995, both the upstream and downstream activities of the natural gas industry in Mexico were a state monopoly entrusted to PEMEX. In 1995, several legislative amendments created a new legal framework providing for the liberalisation of downstream activities (distribution, storage and transportation) by allowing private investors to participate in this industry. The purpose of liberalisation was to create a more efficient and competitive market. This paper analyses the new legal framework and the development of the gas industry thereof. The conclusion reached is that even ...