Mayer Brown - Energy Forward (JD Supra Mexico)

On May 31, 2021, Judge Juan Pablo Gómez Fierro of the Second District Court for Administrative Matters, specialized in Economic Competition, Broadcasting and Telecommunications ("District Judge"), suspended the amendment to the Hydrocarbons Law that repealed PEMEX’s asymmetric regulation.

Two district judges have temporarily suspended certain provisions of the amendment to the Hydrocarbons Law published in the Federal Official Gazette (Diario Oficial de la Federación, “DOF”) on May 4, 2021 (the “Amendment”).

On May 4, 2021, the first amendment to Mexico’s Hydrocarbons Law was published in the Federal Official Gazette, with the legislative process having concluded on April 22, 2021, after a heated debate during a plenary session of the Senate (the “Amendment”).

Another proposed reform to the Hydrocarbons Law has gone through a hasty legislative process. On April 29, 2021, the Mexican Senate approved a reform bill ending the powers of the Energy Regulatory Commission (“CRE”) to enforce asymmetric regulation in the hydrocarbon, petroleum products and petrochemical markets (the “draft amendment”).

The current administration has sustained an attack against the electricity legal framework established by its predecessor. The new framºework reflects a major change in policy concerning the participation of the private sector in Mexico’s electricity industry, which could endanger billions of dollars in investments, the creation of thousands of jobs and could result in the emission of thousands...

Following the Mexican government’s latest initiative of the Mexican government to amend the Hydrocarbons Law, the concerns about Mexico following in Venezuela’s footsteps to undo the energy reform (like Venezuela destroyed the 1990s oil and gas opening) are growing. It is important to keep in mind certain key differences between Venezuela and Mexico and how each country opened its oil and gas...

On March 26, 2021, the House of Representatives published an initiative from the executive branch to reform the Hydrocarbons Law (the “Draft of Reform”) in its Parliamentary Gazette.

On March 26, 2021, the Mexican House of Representatives published in the Parliamentary Gazette an initiative to amend certain provisions of the Hydrocarbons Law, an amendment directly proposed by President Andrés Manuel López Obrador (the “Amendment”).

Just two days following the controversial publication of the bill to amend the 2014 Electricity Industry Law (the "Amendment"), District Court Judge Juan Pablo Gómez Fierro, specialized in administrative, antitrust and telecom law in Mexico City, granted a temporary injunction against the Amendment, in an amparo proceeding.

On March 3, 2021, the Resolution That Establishes the Goods Whose Import and Export Are Subject to Regulations Issued by the Ministry of Energy (the “Resolution”) was officially suspended through a resolution published in the Federal Official Gazette by the Ministry of Economy and the Ministry of Energy (Secretaría de Energía, “SENER”) in accordance with the precautionary measures ordered in the...

Following the House of Representatives discussion and approval of the draft Amendment of the Electricity Industry Law proposed by President Andrés Manuel López Obrador on February 1, 2021 (the “Amendment”), on March 03, 2021, the Senate approved the Amendment.

On February 23, 2021, the House of Representatives discussed and approved the draft of the Amendment of the Electricity Industry Law proposed by Mexico President López Obrador on February 1 (the “Amendment”), with a total of 304 votes by the representatives of MORENA, the political party of the president which holds a majority of seats in the House of Representatives.

On February 16, 2021, in an amparo proceeding, a Mexican court specializing in economic competition issued a provisional suspension of the Resolution That Establishes the Goods Whose Import and Export Are Subject to Regulations Issued by the Ministry of Energy (“Resolution”), which had been published in the Federal Official Gazette on December 26, 2020.

On January 18, 2021, the Energy Regulatory Commission (Comisión Reguladora de Energía, “CRE”) published in the Official Gazette of the Federation (Diario Oficial de la Federación, “DOF”) a resolution suspending again all deadlines and terms of actions and procedures before the CRE.