TC Energy is considering joint ventures in Mexico and Canada as part of a CA$3 billion (US$2.17 billion) asset sale initiative. The goal is to reduce debt and fund other projects, addressing high costs. In addition, the International Chamber of Commerce Mexico (ICC México) states that Mexico needs a MX$2 trillion (US$112 billion) investment for annual GDP growth of 2.4% over 15 years.
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PEMEX and New Fortress Energy (NFE) have terminated an agreement they had signed nearly a year ago to produce natural gas in the Lakach field in the deep waters of the Gulf of Mexico. Production of hydrocarbons in Lakach, located 90km off the Port of Veracruz and with reserves of approximately 900Bcf of gas, would commence in 1Q24, as announced by PEMEX when signing the contract last year.
TC Energy is exploring the possibility of establishing joint ventures in Mexico and Canada as part of its CA$3 billion asset sale initiative. This program aims to alleviate debt and finance other projects, addressing high costs.
For Mexico to sustain an annual GDP growth of 2.4% over the next 15 years, an investment of MX$2 trillion (US$112 billion) is necessary, said the International Chamber of Commerce Mexico (ICC México). This funding will be allocated to deploy approximately 59,000km of power transmission lines and develop infrastructure capable of generating over 100GW of energy.
Mexico’s goal of achieving net zero emissions and a significant reduction of greenhouse gas emissions can feasibly be achieved by 2060, states the report Net Zero Emissions Roadmap for Mexico 2060, from Civil Society (RENC-SC), published by the Mexican Climate Initiative (ICM).
Mexico will be the only OECD and G20 country to attend the COP-28 meeting on Nov. 30 without a defined date for achieving carbon neutrality, according to the United Nations Environment Programme (UNEP).
French natural gas expert ENGIE will invest US$6.8 million in Puebla to offer clean and affordable energy, says Puebla Governor Sergio Salomón. The investment will also strengthen the bilateral cooperation between France and Mexico. ENGIE’s investment, aside from offering clean and affordable energy, is set to benefit the network distribution of natural gas from the metropolitan area and the industrial regions of Huejotzingo and San Martin Texmelucan.
CITRUS Mexico, a provider of industrial energy solutions and process equipment for sustainable production, announced that it has been awarded the Low Carbon and Circular Economy Business Action (LCBA) Seal by the European Union. The LCBA Seal is a recognition bestowed upon businesses that exhibit outstanding leadership in developing and implementing low-carbon strategies and sustainable business practices.