Trending

Newsletter

Mexico’s Dependency on US Natural Gas and Petroleum Spells Trouble, Commission Warns

By: Elena Toledo - @NenaToledo - Mar 20, 2017, 2:29 pm
Director of Mexico's National Fossil Fuel Commission Héctor Moreira
Director of Mexico’s National Fossil Fuel Commission Héctor Moreira said the country’s high dependence on the United States for gasoline and natural gas is a problem.  (Infrastructure Mexico)

EspañolThe steady drop in natural gas production, as well as increased demand in Mexico, has created a fossil fuel deficit in the country, officials said.

Director of Mexico’s National Fossil Fuel Commission Héctor Moreira said the country’s high dependence on the United States for gasoline and natural gas is a problem.

“What we have before us is national concern about how we can encourage natural gas production and how we can deal with our dependence on imports,” Moreira said, who claimed this could even be a national security issue.

“We require a mechanism to promote gas exploitation,” he said. “In the United States, they are drilling 25,000 wells per year and we are drilling 1,000. Canada now has 700,000 wells, while we have 30,000, so we need mechanisms to encourage natural gas production.”

Moreira said that among electricity companies, there is a growing need for guaranteed natural gas service for operations, and that may be a method to help the industry grow in Mexico, where natural gas is priced very low.

 

“We have to tie electricity production to gas production. If a company is producing gas, it can make a long-term contract with someone who produces electricity. So, with the money, you obstain a financing system. That idea has not been implemented yet, “said the commissioner.

“If we have natural gas alone,” he added, “in Burgos, for example, then as we produce less oil, we produce less gas, and the world is moving toward gas, whose consumption is growing. So now the question is: how do we do encourage gas production?”

Source: El Economista

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Ecuador’s Lasso Says Moreno “Not Man Enough” to Debate

By: Karina Martín - Mar 20, 2017, 2:01 pm
Guillermo Lasso

Español The opposition candidate for Ecuador's presidency, Guillermo Lasso, accused his rival, Lenin Moreno, of "not being man enough to debate." "Ecuador is tired of so much hypocrisy, of puppets that use the whole state apparatus to attack me, and are not man enough to debate," said the candidate for the movement Creando Oportunidades (CREO), last Sunday March 19th during his speech in Manta. Read More: Guillermo Lasso Denounces Lilian Tintori's Expulsion from Ecuador Read More: Ecuadorian Opposition Candidate Lasso Gains Momentum in Presidential Run with New Endorsements Lenin Moreno refused to debate on a show organized by CNN television, which was going to be hosted by journalist Patricia Janiot. "Mr Moreno can not be afraid of the word debate. A debate is an exchange of ideas, a speech is to please to a person who does not have a personality, who has no leadership, who imposes everything from above," said Lasso on another occasion. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   Meanwhile, the opposition candidate announced via whatsapp that his Twitter account was blocked by Ecuadorian president Rafael Correa. Lasso had responded via Twitter hours earlier to Correa's allegations about his alleged involvement in offshore companies. "Listen @MashiRafael...information about my property is public, unlike the Odebrecht bribes list that his government continues to hide." According to the most recent Cedatos-Gallup poll, the opposition candidate has a slight lead in the second round of the presidential election, which will be held on Sunday April 2nd, this year. The poll shows that Lasso would win the presidential election with 50.8% of the votes, compared to 49.2% for Rafael Correa's hand-picked successor Lenin Moreno. Guillermo Lasso, a banker and former governor of Guayas province has benefited from support from other political parties such as Cynthia Viteri of the Social Christian Party and Paco Moncayo of the Democratic Left. However, former vice president Lenin Moreno will be a formidable challenger, certain to count on Alianza Pais's strong party machinery on election day. The election is likely to be extremely close. Sources: La República, El Universo

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.