Other oil and gas opportunities exist if NAFTA fails, say panellists

While scrapping NAFTA will harm energy integration between Mexico, the US and Canada and remains a real threat, there will be other opportunities for Mexico if renegotiation talks fail, heard delegates at the Latin Lawyer Live 9th Annual Oil & Gas Conference, held yesterday in Mexico City.

Other oil and gas opportunities exist if NAFTA fails, say panellists  Ligia González Lozano, Fernando Zendejas Reyes, Michael Edney and Felipe Rodrigues Caldas Feres , photo by Lindsay Lauckner Gundlock

Mexico, the US and Canada reached an agreement on NAFTA’s energy chapter in Washington, DC in April, leaving only minor issues to be decided by relevant ministers. Fernando Zendejas, undersecretary at Mexican energy secretariat SENER, said he was “confident” the agreement would be finalised “because scrapping NAFTA will have a negative effect on the integration we have long worked for.”

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