Siemens Explores Green Hydrogen Venture in Mexico

Woodside Energy has inked a long-term agreement with Mexico Pacific, acquiring 1.3Mt/y of LNG for two decades from the Saguaro Energia project in Puerto Libertad, Sonora. Additionally, HDF Energy plans to invest US$2.5 billion in Mexico for seven hydrogen projects from 2024 to 2030, with a focus on Baja California Sur. These projects aim to provide stable, efficient, and sustainable electricity, representing a major capital injection.

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Mexico’s Energy Leaders Meet at MBS 2023

Mexico Business Summit celebrated its first edition on Nov. 28, 29 and 30, 2023. This one-of-a-kind B2B industry event brought together 2,000+ business and political leaders around eight key industries that are shaping Mexico’s future: Energy, Automotive, Electromobility, Natural Gas, Talent, ESG, Nearshoring and Logistics. Gain valuable insights into the past, present, and future of the sector, exploring the decade post the 2013 Energy Reform. 

Siemens Eyes Green Hydrogen Opportunities in Mexico

Siemens, the German conglomerate, is reportedly in the planning stages for the installation of a green hydrogen plant at Mexico's Lazaro Cardenas port in the state of Michoacan. This strategic move aligns with Siemens Energy's initiative, led by its Mexican unit, in a region that boasts the country's second busiest port, handling 13.7Mt of cargo in the first half of 2023. 

Woodside Secures Long-Term LNG Deal With Mexico Pacific

Woodside Energy has entered an agreement with Mexico Pacific, the developer of the LNG export project in Puerto Libertad, Sonora. The deal entails Woodside purchasing 1.3Mt/y of LNG for a duration of 20 years from the Saguaro Energia project in Puerto Libertad. 

HDF Energy Plans US$2.5 Billion Investment in Mexico for Hydrogen

French company HDF Energy plans to invest US$2.5 billion in Mexico for the development of seven hydrogen projects between 2024 and 2030. Cristina Martín, Vice President for Latin America, HDF Energy, expressed that three of the seven projects will be in Baja California Sur, aimed at supplying and generating stable, efficient, and sustainable electricity, representing a capital injection of US$1 billion.

Big Companies Double Renewable Energy Capacity

The 100 largest renewable energy companies worldwide added 100GW of new renewable capacity in 2022, doubling the average of the previous two years, according to the annual ranking by Energy Intelligence.

Iberdrola Cleared for Last Resort Electric Power Supply Market

CRE has authorized Iberdrola Clients to use the Last Resort Supply contract model to provide electric power to Qualified Users. This authorization means that the company can be chosen to provide services when Qualified Suppliers fail to meet their obligations, in accordance with Art. 56 of the Electric Industry Law.

Challenges and Milestones at COP28

The Saudi Arabian Ministry of Energy dismissed an agreement that involved the gradual phasing out of fossil fuels during COP28. Additionally, nations pledged over US$400 million on a new climate disaster fund. 

NOCs Not in Global Decarbonization Accelerator Program

PEMEX was excluded from an agreement signed by 50 major global oil companies committing to achieve zero pollutant emissions by the year 2050, according to a report from S&P Global. Companies such as BP, Aramco, Equinor, Eni, ExxonMobil, OMV, among others, are listed as signatories in the framework of COP28.