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2023 outlook for energy in Latin America
- Jan 11, 2023 4:02 pm GMT
This item is part of the 2023 Predictions and Anticipated Trends for the Power Industry - January/February, click here for more
Amid a contentious battle between US and Canada on one side, and Mexico in the other, for the treatment of foreign companies in the power industry in Mexico, the table is set for a rocky 2023 for companies operating in the country as government regulatory agencies stall in approving permits for both the power and the oil & gas industries.
These companies will need to look out for two major events this year: the eventual constitution of the arbitrage panel under USMCA and its resolution; and the electoral battle to have a definition of the presidential candidates for the 2024 election. After these events unfold, we will have a clear scenario for what is to come for the energy sector in Mexico.
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