Mexican Energy Policy, USMCA Concerns: The Week in Energy

Jamieson Greer, nominee for United States Trade Representative (USTR), highlighted concerns about Mexico’s energy policies. His remarks before the US Senate Finance Committee add to ongoing trade tensions between the two countries.

Ready for more? Here is the weekly roundup!

USTR Nominee Concerned Over Mexico’s Energy Policy

USTR nominee Jamieson Greer expressed concerns about Mexico’s energy policies during his confirmation hearing before the US Senate Finance Committee. Greer specifically pointed to measures that favor Mexico’s state-owned energy companies, including PEMEX and CFE, at the expense of US energy firms. 

Natural Gas Prices Surge Past US$4/MMBTU Due to Arctic Cold

US natural gas futures surged above US$4MMBTU on Wednesday, driven by Arctic cold that has increased heating demand and raised concerns about supply disruptions. The Henry Hub front-month futures price reached US$4.25/MMBTU in early trading, marking the first time since Jan. 24 that prices have crossed the US$4 threshold.

Michelin’s Guanajuato Plant Reaches 90% Renewable Energy Use

Michelin’s plant in Leon, Guanajuato, now operates with 90% renewable energy as part of the company’s global strategy to reduce its carbon footprint. The facility, one of Michelin’s most advanced worldwide, aligns with its goal of achieving carbon neutrality by 2050.

CONCANACO SERVYTUR, IMP Sign Agreement on Energy Transition

The Confederation of National Chambers of Commerce, Services, and Tourism (CONCANACO SERVYTUR) and the Mexican Oil Institute (IMP) signed a collaboration agreement aimed at advancing technological development, energy transition, and innovation in Mexico.

SENER Expands Power Access for Indigenous Communities in Durango

The federal government announced investments for key electrification projects for Indigenous communities in Durango, ensuring access to electricity for the O’dam, Wixárika, and Mexikan peoples. The initiative is part of the Justice Plan for Indigenous Peoples and seeks to address long-standing infrastructure gaps in marginalized regions, announced SENER.