85 Years of Service: CFE

Mexico’s state-owned utility CFE celebrated its 85th anniversary of serving the country’s electricity sector. Meanwhile, Mexico seeks to consolidate its strategy as an LNG export hub by taking advantage of its proximity with the US. In other news, CFE ventures into telecommunications, providing internet and mobile phone services.

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CFE Celebrates 85 Years of History

CFE celebrated 85 years of history this week, highlighting its work toward Mexico's economic and social development. During the anniversary’s celebration, the company’s discourse in favor of government control over the electricity industry was bolstered.

Mexico Seeks to Consolidate as an LNG Export Hub

In an effort to exploit the globally rising gas demand, Mexico seeks to consolidate as an LNG export hub to Asian and European markets. However, challenges remain as the country is deeply dependent on natural gas imports from the US.

Renewable Natural Gas, Biofertilizer Generated via Avocado Waste   

Entrepreneurs are creating renewable natural gas and biofertilizers with avocado waste in Michoacan. This is a clear example of the so-called circular economy, where waste is prevented from becoming a contaminant by turning it into something useful, in this case into clean energy.

CFE Ventures Into Telecommunications    

CFE, through its subsidiary CFE Telecomunicaciones, Internet para Todos (TIT), will start offering internet and mobile telephone services in the 32 states of the country, including some places that lack access to a stable network. CFE TIT offers a mobile broadband network with 4.5G technology, and its mobile data and telephony plans have no fixed terms. CFE TIT will have 12 prepaid packages ranging from MX$30 (US$1.5) to MX$300 (US$15) a month.

Mexico Bets Its Energy Future on Oil: NYT          

President López Obrador's effort to bring the energy sector under state control has placed obstacles to renewable energy developments, complicating Mexico’s energy transition and the fulfilment of its climate goals and putting its climate goals on the backburner. Meanwhile, Mexico’s energy policy has strengthened investment in oil production.