Cox Continues Iberdrola Acquisition: The Week in Energy

Cox, the Spanish water and energy utility, has received formal authorization from Mexican regulators to finalize its acquisition of Iberdrola México's assets. Enrique Riquelme, Executive Chairman, Cox, confirmed the approvals were granted by the National Energy Commission (CNE) and the National Antitrust Commission (CNA) during the 2026 International Economic Forum on Latin America and the Caribbean.

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Cox Secures Regulatory Green Light for Iberdrola México Assets

The transaction, first announced in July 2025, is valued at US$4.2 billion (MX$72.7 billion). Riquelme said the regulatory review was completed ahead of the company's internal timetable, attributing the expedited process to the administrative rigor of the administration led by President Claudia Sheinbaum and Minister of Energy Luz Elena González.

2026: Engineering Mexico’s Future in Mobility and Energy

Mexico has built a solid base of technical capabilities, specialized talent, and accumulated experience that allows it to move forward with confidence in strategic sectors. Among these, mobility and energy have become two of the main engines of economic growth, competitiveness and social well-being. Their impact goes beyond infrastructure, directly influencing productivity, regional integration, and the quality of life of millions of people. Read the full Expert Contribution here.

Sheinbaum Announces Major Expansion of Guaymas Pipeline

President Claudia Sheinbaum announced a significant expansion of the Naco–Hermosillo–Guaymas natural gas pipeline during a working visit to Guaymas, Sonora, marking a strategic development in Mexico’s efforts to strengthen energy infrastructure, support industrial growth and enhance national energy security. The project, which is being developed by CENAGAS, will involve an estimated investment of MX$131 billion (US$7.5 million) and aims to resolve longstanding constraints in gas supply and transportation in northwestern Mexico.

Sheinbaum, accompanied by Sonora Governor Alfonso Durazo and the Minister of Energy Luz Elena González, emphasized that the expanded pipeline will address a “historic problem” in moving natural gas from sources in Texas into Sonora and beyond. According to the president, all necessary permits and agreements are in place, and construction is scheduled to begin in 1Q26. The announcement represents a culmination of years of planning and policymaking focused on modernizing Mexico’s gas grid and reducing energy bottlenecks that have limited industrial competitiveness.

ELAM FAW Trucks, NatGas Push Factory-Built NG Trucks in Mexico

Chinese truck manufacturer ELAM FAW Trucks and vehicular natural gas supplier NatGas have announced a strategic alliance aimed at accelerating the replacement of diesel-powered trucks with factory-built natural gas vehicles (NGVs) units in Mexico. The partnership combines ELAM FAW’s production of heavy-duty trucks equipped with natural gas engines with NatGas’ refueling infrastructure, enabling fleet operators to plan routes, manage consumption, and stabilize fuel costs.

Under the agreement, fleets adopting ELAM FAW NGV trucks will gain access to preferential pricing, along with integrated fuel supply and billing schemes. These tools are designed to centralize cost planning, route management, and energy consumption across fleet operations.