{"id":4843,"date":"2021-12-02T23:38:41","date_gmt":"2021-12-03T05:38:41","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=4843"},"modified":"2021-12-02T23:38:41","modified_gmt":"2021-12-03T05:38:41","slug":"spotlight-natural-gas-investment-and-generation-permits","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/spotlight-natural-gas-investment-and-generation-permits\/","title":{"rendered":"Spotlight: Natural Gas Investment and Generation Permits."},"content":{"rendered":"\n
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MEXICO BUSINESS NEWS<\/strong><\/a><\/p>\n\n\n\n

CFE announced major investments in natural gas and hydropower, with natural gas infrastructure giant TC Energy suggesting it could take on the US$4 billion investment to gasify Mexico\u2019s south via an offshore pipeline. In other news, W\u00e4rtsil\u00e4 will suply 600MW power plants to CFE and CRE has issued a handful of generation permits. Read this and more in the weekly roundup!<\/p>\n\n\n\n

MEXICO<\/strong><\/p>\n\n\n\n

CFE Announces Gas Supply Projects, Hydropower Overhaul<\/strong><\/p>\n\n\n\n

Mexican state-owned electric utility CFE is investing in two significant areas to ensure reliable energy for the country: natural gas storage projects and hydroelectric power production. Investments total US$4.5 billion while CFE hopes to supply Yucatan with natural gas.<\/p>\n\n\n\n

TC Energy Assesses US$5-6 billion in Natural Gas Investments by 2025<\/strong><\/p>\n\n\n\n

Seeing a \u201ca wealth of untapped demand\u201d, TC Energy aims to invest US$1-2 billion in expanding its laterals and interconnections with end users, expand pipelines and removing bottlenecks from existing infrastructure. Now that the government has announced its plans to bring gas to Yucatan, a further US$4 billion investment in offshore pipeline infrastructure looms for the company.<\/p>\n\n\n\n

Three Private Generation Permits End CRE\u2019s Sluggish Streak<\/strong><\/p>\n\n\n\n

The Energy Regulatory Commission (CRE) has issued three electricity generation permits for private companies for the first time in 2021,all for biomass-fired power plants. The last time CRE issued an energy generation permit was in August 2021, before that in October 2020. CRE\u2019s torpid permitting means many private companies are still waiting for the green light.<\/p>\n\n\n\n

W\u00e4rtsil\u00e4 Supplies 600MW Power Plants to CFE<\/strong><\/p>\n\n\n\n

Finnish energy technology leader W\u00e4rtsil\u00e4 will supply two sizeable multi-fuel-fired power plants with a combined capacity of 600MW for Mexico\u2019s state-owned utility company CFE. The two contracts are valued at \u20ac480 million (US$544.8 million) and will be executed by W\u00e4rtsil\u00e4 on a full engineering, procurement and construction (EPC) basis.<\/p>\n\n\n\n

Mexico City\u2019s Markets Experience Savings Thanks to Solar Energy: SEDECO<\/strong><\/p>\n\n\n\n

The Ministry of Economic Development (SEDECO) of Mexico City reported that the city saved MX$68,000 (US$3,125) in two months as a result of the implementation of photovoltaic cells in seven markets.<\/p>\n\n\n\n

Electricity Reform Analysed in Parliament, But Date Not Yet Set<\/strong><\/p>\n\n\n\n

The Political Coordination Board of the Chamber of Deputies agreed general guidelines to analyse the president\u2019s initiative to reform Mexico\u2019s constitutionally anchored electricity law in parliament. A date for this review has not yet been set but could occur as early as January 2022.<\/p>\n\n\n\n

INTERNATIONAL<\/strong><\/p>\n\n\n\n

Another Record Year of Renewable Energy Growth: IEA<\/strong><\/p>\n\n\n\n

The International Energy Agency said Renewables will account for about 95 percent of growth in new global power-generation capacity until the end of  2026 as a result of the global clean energy push. In 2021, countries installed 290GW of mostly solar and wind energy, breaking last year\u2019s record.<\/p>\n\n\n\n

Enel Green Power Appoints Paolo Romanacci as North America\u2019s Head<\/strong><\/p>\n\n\n\n

Romanacci succeeds Georgios Papadimitriou, having previously spearheaded renewable project execution in Mexico as well as Africa, Asia and Oceania.<\/p>\n\n\n\n

Cas Biekmann. (2021). Spotlight: Natural Gas Investment and Generation Permits. M\u00e9xico. Mexico Business News<\/em>. Recuperado de <\/strong><\/p>\n\n\n\n

https:\/\/mexicobusiness.news\/energy\/news\/spotlight-natural-gas-investment-and-generation-permits?tag=energy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MEXICO BUSINESS NEWS CFE announced major investments in natural gas and hydropower, with natural gas infrastructure giant TC Energy suggesting it could take on the US$4 billion investment to gasify Mexico\u2019s south via an offshore pipeline. In other news, W\u00e4rtsil\u00e4 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4843","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/4843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=4843"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/4843\/revisions"}],"predecessor-version":[{"id":4845,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/4843\/revisions\/4845"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=4843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=4843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=4843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}