
World sees investment potential in reform
Spain, England pledge to contribute financially and technologically
THE NEWS
Once the energy reform was signed by President Enrique Peña Nieto, the Mexican Ambassador to Spain, Roberta Lajous, affirmed that there will be a greater flow of investment from Spain toward Mexico.
In an interview with a Mexican news agency, she maintained that in Spain there had been great hopes for the energy reform and now that the secondary laws have been signed there will even more investment.
“I am sure that Spanish investments will increase by large numbers in the next months,” she said.
She also expressed that this energy reform is a game changer in the economic history of Mexico, that with it production will be strengthened and the country will have access to the technology to drill and produce oil.
“Our country will have a first tier role in the international hydrocarbon market,” she also commented.
The signing of these secondary laws of the energy reform will also open a new chapter for the United Kingdom in Mexico, as commented on by Mexican Ambassador to the United Kingdom Diego Gómez Pickering.
Via phone interview, the diplomat highlighted that there is “much happiness” in the business and financial sector of the United Kingdom, as the reform contains everything they were hoping and wanting.
Gómez Pickering acknowledged that if it is implemented adequately, as it is hoped to be done, there will be a renewed presence of British interest in the development of the Mexican energy sector.
He noted that since the transformation process began, and was achieved in a mere 20 months, there has been a timely and constant interest by the United Kingdom in all that was happening in Mexico.
The ambassador underlined that the relationship between Mexico and the United Kingdom has roots from the beginning of the sector in the Latin American country.
“We cannot think that Mexico might have been developed into a sector like the one we have now — an intact sector, a rich sector, not only for its hydrocarbons, natural gas and renewable energy — if we had not had involvement from British businesses and individuals in its first years,” he stressed.
Gómez Pickering insisted that the relationship was not born from this, rather one that was developed over the years and has now returned to the booming business it once was.
He emphasized that in general the United Kingdom is at the cutting edge of the energy industry on a world class level, in terms of technology, research and the marketplace.
He then said that was it natural for them to be involved with a change of this magnitude, one that will completely transform the energy scene in Mexico.
Gómez Pickering assured that the signing of these laws will open the door to private investment and technology that will allow for the increase in the transparent, efficient, competitive and sustainable production of energy sources.
In related news, the president of the Energy Commission in the Chamber of Deputies, Marco Antonio Bernal Gutiérrez, did comment that the signing of these secondary laws of the energy reform will cause gasoline price hikes before the end of the year.
But, he indicated, that in 2016, the costs of electricity and gas will begin to be reduced and the Mexican people will feel the benefits in their pockets.
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