Mexico Would Require 108 Thousand Mdd to Develop Large-Scale Fracking: AMEXHI
5 Articles
5 Articles
Tramitology is one of the main obstacles to developing fracking in Mexico.
The development of fracking projects in Mexico could take about seven years before starting to produce gas, even if the necessary contracts were currently granted, due to the regulatory processes and the tramitology facing the sector. Merlin Cochran, general director of the Mexican Association of Hydrocarbon Companies (AMEXHI), noted that, [...] Mexico would have to wait 7 years to produce gas with fracking first appeared in Energy21.
The country currently consumes about 9 billion cubic feet of natural gas per day, a demand that will continue to grow in the coming years.
The Amexhi applauded the greater openness that exists in Mexico for private investment in the energy sector. However, it pointed out the need to exploit other models to bring international players. The publication Fracking in Mexico would need 108,000 mdd of investment to detonate gas production first appeared in the CEO.
It is the amount needed to achieve a production of 9 billion cubic feet of gas per day, the sector estimates.
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