Mexico Pushes Fracking Incentives to Cut US Gas Dependence
9 Articles
9 Articles
The possibility that the federal government would authorize the exploitation of the oil and gas deposits of lutitas, through hydraulic fracturing (fracking), divided opinions during a forum in the Chamber of Deputies, since while some experts felt that this option would help Mexico reduce its dependence on US hydrocarbons, others warned about the environmental and social damage it could cause.
In the course of the following days, the first results of the Scientific and Technical Committee to analyze the impact of fracking and its possible use in Mexico, convened by President Claudia Sheinbaum last April, will be released.
Mexico Pushes Fracking Incentives to Cut US Gas Dependence
Mexico Energy Policy Key Facts —Policy reversal. President Sheinbaum has endorsed unconventional gas development, pivoting from earlier pledges to ban fracking. —Fiscal levers. Existing law allows 100% deduction of exploration costs, and a 2024 decree granted tax credits on profit-sharing payments. —Pemex’s plan. The 2025–2035 strategy targets unconventional reserves and calls for private investment to […] The post Mexico Pushes Fracking Incenti…
In addition to three months of the Commission's integration of experts analysing the feasibility of fracking
Mexico has robust regulation for the development of hydraulic fracturing projects, but private participation is necessary in the face of the financial and technical challenge, analysts and representatives of the sector agreed. Faced with an environment of high dependence on imports of natural gas mainly from the United States, which puts at risk the energy security of the country, the current federal administration is considering exploring non-c…
In fiscal terms, specialists bet on a phased regime that starts with few royalty requirements and increases as producing assets demonstrate robustness.
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