THE MEXICAN OIL & GAS REFORMS: MEXICO'S NEW MIDSTREAM SECTOR

• Jurisdiction: Derecho Internacional

International Mining and Oil & Gas Law, Development, and Investment
(Apr 2015)
CHAPTER 13B
THE MEXICAN OIL & GAS REFORMS: MEXICO'S NEW MIDSTREAM SECTOR
Jose Valera
Partner
Mayer Brown, LLP
Houston

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JOSÉ L. VALERA is a partner in Mayer Brown's Global Energy Group and a member of the Latin American practice based in Houston. José focuses his practice on domestic and international energy transactions and project development and has more than 25 years of legal experience representing oil and gas companies throughout Latin America and other parts of the world regarding exploration and production contracts, investment contracts, field development contracts, mergers and acquisitions, joint ventures, sales of products, and LNG liquefaction and regasification projects. Jose's LNG practice includes liquefaction services, regasification services, development of regasification terminals, and purchase and sale of LNG. He also represents clients in the development of electric generation projects. José has also advised several countries on legislative reforms in the energy industry and on the development of shared hydrocarbon resources. José is ranked in Chambers Global and recognized in Chambers Latin America Energy 2015 and 2014 for his oil and gas work. José earned law degrees from Catholic University of Peru and from South Texas College of Law in Houston. He speaks Spanish, English, and French and is admitted to practice in Louisiana, Peru (inactive), and Texas. He has been a board member of the Association of International Petroleum Negotiators (AIPN) and often participates as a speaker on energy issues at professional conferences.

MAYER • BROWN

MEXICO'S NEW MIDSTREAM SECTOR

Jose L. Valera

jvalera@mayerbrown.com

Rocky Mountain Mineral Law Foundation

Cartagena, Colombia

April 20-22, 2015

Mexico Energy

Reforms

Overview of Presentation

I. Introduction

II. Midstream

III. PEMEX and CFE

I. INTRODUCTION

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Introduction: Oil Production Decline

• Oil production has declined from 3.4 mbd in 2004 to 2.4 mbd in 2014.

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Introduction: Natural Gas

• Mexico's proven gas reserves are on the decline due to underinvestment in exploration.

• Natural gas demand increased about 80% between 2000 and 2014.

• More than 20 U.S.-Mexico natural gas pipelines are operating.

• Between 2008 and 2013, U.S. pipelines to Mexico doubled their capacity.

U.S. Natural Gas Pipeline Exports to Mexico

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