Market Comment 081 Pemex Response to New Natural Gas Regulations
This report republishes, with retrospective comments, our earlier report of Nov. 17, 1995. That report was about the roll-out of the natural gas law and regulations on Nov. 8, 1995, that began with presentations at Los Pinos that was attended by some 400 guests.
Afterwards, there was a Q&A at the Hotel Nikko, followed by a luncheon hosted by Pemex. Pemex Director General Adrián Lajous made it clear that Pemex would not support the new natural gas market design that was implicit in the law and regulations. Thus, 20 years later, there is no natural gas pipeline that competes with those of Pemex.
Nor, for that matter, is there a single cubic foot of gas storage despite legislation from 1995 that permits it.
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