Alerts

Mexico Energy Reform Update

08.08.14

Late Wednesday, the Mexican Senate passed the anticipated secondary legislation to Mexico’s energy sector overhaul. The historic energy reform legislation now moves to President Enrique Peña Nieto for signature, which is expected to occur in the coming days. Additionally, reports from Mexico suggest that the Energy Ministry will soon announce the awards of “Round Zero” to PEMEX (earlier than anticipated), and PEMEX joint venture related bidding could occur by year-end. The first tender process qualification and bid round, known as “Round One,” is expected to occur in 2015, and at least one bid round is expected to be conducted per year through 2025.

For additional information regarding content of this alert, please contact Corporate Partner Alfredo Ramos (aramos@gardere.com or 713.276.5298).

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