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A district judge has temporarily suspended with general effects the amendment to the Hydrocarbons Law eliminating PEMEX’s asymmetric regulation.  Please see Legal Update at link below for all details.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/06/mexico-district-judge-suspends-amendment-of-hydrocarbons-law-that-repealed-pemexs-asymmetric-regulation?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

 

The amendment to the Hydrocarbons Law regarding asymmetric regulation has been published in the Federal Official Gazette, becoming effective as of May 20, 2021.  Additional details at the link below.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/05/mexico-amendment-to-hydrocarbons-law-regarding-asymmetric-regulation-is-published?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

Two district judges have temporarily suspended certain provisions of the amendment to the Hydrocarbons Law.  Please see full story at link below.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/05/mexico-amendment-to-hydrocarbons-law-is-partially-suspended?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

On May 4, 2021, the first amendment to Mexico’s Hydrocarbons Law was published in the Federal Official Gazette, with the legislative process having concluded on April 22, 2021, after a heated debate during a plenary session of the Senate (the “Amendment”).

The Amendment modifies core aspects of the permits necessary to perform midstream

Another amendment to the Hydrocarbons Law has been approved, ending the power of the Energy Regulatory Commission to enforce asymmetric regulation in the hydrocarbon, petroleum products and petrochemical markets.  The Legal Update at the link below explains the scope and implications of such proposed amendment.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/04/mexico-another-amendment-to-hydrocarbons-law-would-eliminate-asymmetric-regulation-for-pemex?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

The current government launched an attack against the electricity legal framework established by its predecessor. The new framework reflects a major change in policy concerning the participation of the private sector in Mexico’s electricity industry, which could endanger billions of dollars in investments, the creation of thousands of jobs and could result in the emission

Following the Mexican government’s latest initiative to amend the Hydrocarbons Law, concerns about Mexico following in Venezuela’s footsteps to undo the energy reform are growing. It is important to keep in mind certain key differences between Venezuela and Mexico and how each country opened its oil and gas industry to private investment. This will help

The House of Representatives approved the draft of an initiative to reform the Hydrocarbons Law with minor modifications notwithstanding the antitrust watchdog (COFECE) opinion. The Senate’s approval is next.

For more details on the approval and the next steps, see our legal update.

Power Plant

On March 26, 2021, the Mexican House of Representatives published in the Parliamentary Gazette an initiative to amend certain provisions of the Hydrocarbons Law, an amendment directly proposed by President Andrés Manuel López Obrador.

This Legal Update details the content of such initiative and the next steps for its approval.