George Baker will be presenting at AIPN’s US Chapter Luncheon on March 12. The topic of his presentation is: MANAGING EXPECTATIONS REGARDING MEXICAN ENERGY REFORM.
There are heightened expectations in Houston regarding the outlook for a real energy reform in Mexico, one that would finally create new commercial opportunities for international oil and gas companies as well as for power developers. But those of us who have been following Mexico over the years recall a similar wave of heightened expectations at the time of the NAFTA negotiations in 1991-93.
There was another wave following the Natural Gas Act in 1995, and a third wave following the election of the first PRI president in 2000. None of these moments resulted in new investment opportunities except as a contractor to Pemex or CFE. Will these series of disappointments finally end in 2014?