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Global Energy Advisory – 18th April 2014

Delays Ahead for Mexico Energy Reforms

Implementation of Mexico’s much-awaited sweeping energy reforms is likely to be delayed as lawmakers grapple with secondary legislation that is trying to make its way through a current congressional session, which ends on 30 April. The latest news is that the lawmakers may need “extra weeks” to pass the secondary laws, which have yet to be presented in the session. In December, Mexico’s Congress approved sweeping energy reforms that will end state-run Pemex’s monopoly on crude oil production. Once the details of the reforms are in place, we could be looking at significant new streams of private investment into the country’s energy sector. Originally, the secondary legislation for the reforms was scheduled to be approved by 20 April.      

US State Energy Legislation Updates

•    Minnesota has seen three new bills introduced, with measures to boost the state’s emergency response to crude oil transportation disasters. The measures call for a grant program for hazard incident preparedness to be funded with $5 million in new fees assessed on railroads and pipeline companies. The measures would also require railroads to regularly notify local officials about oil train movements and to improve grade crossings and add state track inspectors.

•    The Ohio Environmental Protection Agency (OEPA) has passed new requirements…

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