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Hopes Rise That More Natural Gas Will Stoke Manufacturing Sector
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The lack of ample natural gas supplies has hurt Mexico's manufacturing sector. Pemex has focussed on crude oil production and Mexico imports natural gas from Texas. BBVA Bancomer estimates a loss of 3.6% of manufacturing output in the last year from the lack of natural gas produced in Mexico from its large gas reserves.
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The lack of ample natural gas supplies has hurt the manufacturing sector in Mexico. Pemex focusses on crude oil production and gas is imported from Mexico even though Mexico has large gas reserves. BBVA Bancomer says this has caused a 3.6% loss in manufacturing output as the car industry and the maquilladoras use imported products for assembly because of energy costs.
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Hopes Rise That More Natural Gas Will Stoke Manufacturing Sector
Wall Street Journal 12/13/2013
Pemex CEO: Mexican Energy Overhaul Opens Opportunity
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China's Export Pain May Be Mexico's Gain
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