Mexican gas market widens as Pemex unbundles transportation

After decades of selling and transporting natural gas as a single, bundled service, Mexico's state-run petroleum company Petroleos Mexicanos has begun to separate out transportation as a distinct service with its own price, thus opening the country's gas market a step further.Under a new permit issued on June 7 by the Comisión Reguladora de Energía (CRE), the government's energy commission, Pemex was formally granted a 30-year renewable permit to transport gas through its network of pipelines. In a sense, the permit puts Pemex on the same footing as the more than dozen private gas distributors and transporters that have been granted concessions by CRE for certain...

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