Mexico's energy regulators launch 5-year plan

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Tuesday, February 20, 2018

Mexico's energy watchdog CRE, hydrocarbons regulator CNH and the energy, security and environmental agency (ASEA) jointly announced a strategy to 2022 aimed at improving regulatory certainty across the sector.

The bodies also announced the creation of the energy sector coordinated assistance office (ODAC), a unit that will provide orientation and information to interested parties seeking to engage in processes that involve more than one of the regulatory bodies, the three agencies said in a joint statement.

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ODAC will focus on themes including the approval of oil and gas exploration and extraction plans, well drilling approval, the sale of liquefied petroleum gas and oil derivatives, and the transportation of natural gas via pipeline.

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Last October, the OECD presented a governance report on Mexico's energy regulatory bodies, identifying the main challenges regarding the implementation of the country's energy reform, based on a comparative study of five other nations.

Those recommendations also included the opportunity to outline the progress made since the OECD issued a series of recommendations in February of last year, as well as an initiative for a system of energy regulation in Mexico.