The Future of the US-Mexico Energy Relationship
A conversation with:
Robert E. Wilhelm Fellow
MIT Center for International Studies;
Former Deputy Secretary of Energy for Hydrocarbons
Chairman, Energy Advisory Group
Senior Vice President and Director, Adrienne Arsht Latin America Center
One of the United States’ most significant trading partners, Mexico is second only to Canada in energy trade with the United States. In 2016, energy resources accounted for about 9 percent of all US exports to Mexico, amounting to $20.2 billion. Despite this, for decades doing business in Mexico’s energy industry was limited to involvement in providing services to a nationalized energy company, such as Petroleos Mexicanos (PEMEX) and the Federal Electricity Commission (CFE).
In 2014, however, Mexico implemented historic energy reforms of both the oil and electricity markets. These new reforms support changes toward an open market with the objective of reducing prices for final users. This effort has been accompanied by rising natural gas exports from the United States to Mexico, and the adoption of a five-year plan by Mexico’s Energy Ministry to significantly expand the country’s natural gas pipeline network to accommodate higher levels of natural gas imports from the United States.
Though energy trade has been growing rapidly, developments under the Trump administration have made the future of the US-Mexico relationship uncertain. Please join us as we discuss how a potential renegotiation of NAFTA, a shifting attitude toward Mexico in the United States, and a growth in natural gas trade may positively or negatively impact hemispheric energy security with Lourdes Melgar, Mexico’s former deputy secretary of energy for hydrocarbons.
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1030 15th Street NW, 12th Floor (West Tower Elevator)
This event is open to press and on the record.