Can Mexico Fix Its State Oil and Gas Firm Before It’s Too Late? — Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. Managing editor for Mexico Christopher Lenton sits down with leading Latin America energy expert Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute.

The two delve into the latest energy policies in the United States and Mexico. The conversation then shifts south to Mexico’s national oil company Petróleos Mexicanos, aka Pemex. Monaldi outlines a perfect storm of soaring debt, crumbling production and regulatory barriers that are stifling investment and threatening Mexico’s energy future.

Despite faint signs of progress through service contracts and potential projects tapping unconventional resources, both Lenton and Monaldi explore why these efforts might not be enough to reverse Pemex’s downward trajectory and dependence on U.S. natural gas imports.