Chemical Outlook - Country & Industry Forecasting: IHS Global Insight
Chemical Outlook - Country & Industry Forecasting: IHS Global Insight
Chemical Outlook - Country & Industry Forecasting: IHS Global Insight
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Shale Gas Opportunity<br />
• Natural gas deficit in Mexico to reach<br />
45% of demand by 2018<br />
• Same formations present in Mexico,<br />
concentrated in Eastern Coast<br />
• National Energy Strategy envisions<br />
shale gas production by 2016<br />
− Priority in Mexico appears to be oil<br />
rather than shale gas<br />
− Private resources expected to be<br />
required, given lower raking of natural<br />
gas E&P versus oil on Pemex budget<br />
allocation<br />
• Some gas processing infrastructure<br />
overlaps shale plays, but more would<br />
likely be required<br />
• New regulatory and legal provisions<br />
needed for private participation in<br />
E&P beyond current service contracts<br />
• This could lead to constitutional<br />
amendments or legal reforms – a big<br />
challenge<br />
© 2012, <strong>IHS</strong> Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.<br />
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