Exclusive: Mexico to hold off on possible new energy reform until next year: sources
MEXICO CITY - Mexico’s president asked regulators on Tuesday to help strengthen state oil firm Pemex and power company CFE using existing laws, but added he could seek energy reforms next year if required to meet his goals, two sources said.
During the session at the national palace, the leftist energy nationalist expressed his wish to provide tax breaks and refinance the massive debt loads of the state-run energy giants, formally known as Petroleos Mexicanos and Comision Federal de Electricidad, the sources said.The president’s press office did not immediately respond to a request for comment.
The energy regulators at the meeting included the National Hydrocarbons Commision, or CNH, the Energy Regulatory Commission, or CRE, as well as the sector’s safety and environment regulator, known as ASEA. “Not right now, but the door is open,” said the other source, but only after the June midterm elections next year.
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