Fossil Energy – Investment
According to Reuters Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy company Pemex.
In March, Reuters reported that Pemex officials and the billionaire tycoon’s team were discussing ways to revive development of the Lakach field in the Gulf of Mexico but that other potential partners were also approached.
Pemex back then wanted to develop the offshore field using a service contract in which partners finance projects up front, a mechanism that was used prior to the country’s energy sector reforms that opened it to private participants.
“He is wanting to participate in a joint company with Pemex for the extraction of gas,” Lopez Obrador said without naming Lakach or specifying terms.
The Lakach project has been hailed as critical to a possible Mexican deepwater natural gas frontier and Lopez Obrador has said it could be key for supplying the country’s needs.
