ENGIE Launches Supplier Development Program

ENGIE launched a program to boost economic conditions in its operational regions. The company aims to support its suppliers and develop their capabilities to satisfy the needs of Mexico’s energy industry.

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ENGIE Launches Supplier Development Program

ENGIE Mexico is launching a "Supplier Development Program" to enhance its value chain and boost economic conditions in its operational regions. Aligned with UN Sustainable Development Goals, the initiative involves over US$2 billion investments in Mexico (2024-2026). The program, the first of its kind, aims to positively impact local economies by fostering SMEs, offering training, and facilitating integration into ENGIE's supply chain. The company plans to assign 190 works, amounting to US$200 million, in the first stage, focusing on the southeast of the country.

Mexico's Energy Landscape: Trends, Challenges and Strategic Moves

Mexico grapples with a critical challenge in expanding and modernizing its electrical grid amid surging energy demand. Addressing this infrastructure gap is vital for reliable electricity supply, particularly in industrially developed regions experiencing increased energy demand. In developing areas, grid enhancement can act as a catalyst for higher industrial investment. Check out 2023’s Energy Industry Analysis.

Mexico’s 2024 Elections: The Last Clear Window of Opportunity for Mexico's Energy Sector

As Mexico's 2024 exploration contracts conclude, companies face decisions on full-scale development or exiting. With energy demands rising, Mexico, heavily reliant on US gas imports, must reconsider energy security. Post-2024, the global industry outlook suggests a need for new fields. Mexico's 60Bboe in prospective resources could be crucial, avoiding resource stranding.

Embracing Energy Transition Secures Healthier, Prosperous Future

Leonardo Beltrán, Distinguished Visiting Fellow, Center on Global Energy Policy at Columbia University, explains that there are at least three reasons why Mexico must embrace the energy transition: its environmental commitments under the UNFCCC, the profound health ramifications of fossil fuel reliance, and the imperative for economic competitiveness in a changing global market. Click here to read Beltrán’s expert contribution.