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New laws open opportunities in Mexico

A raft of legislation has liberalised the energy sector. Elisabeth Eljuri, partner and head of Latin America at Norton Rose Fulbright, and Leonie Timmers, trainee solicitor currently based in the firm’s Paris office, give an overview

It is a promising time for the Mexican energy sector. Liberalisation to end the 75-year-old monopolies of Pemex and the Federal Electricity Commission comes against a backdrop of fast-rising power demand and generally favourable business conditions.  The country’s deep-water and shale plays hold promise, and Pemex doesn’t have the expertise to develop the reserves on its own. In both the mid- and downstream areas, new pipelines and other infrastructure are needed. It all adds up to a big opportunity for investors.  New laws The legislation to liberalise the sector, enacted last August, came in a comprehensive package of 21 secondary laws, including the new Hydrocarbons Law, the Hydrocarbo

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