Background
December 2013: Mexico’s congress approved significant constitution reforms, amended the constitution, opening the Oil and Gas Energy sector to private foreign investors for the first time since 1938.
Scope
•Developed a portfolio of current and long-term strategic storage projects that satisfy our disciplined investment objectives
. About US$81 Billion in new private investment is required in the energy sector in Mexico through 2018.
Opportunity
•December 2017 – Mexico publishes their National Policy mandating minimum storage stocks for gasoline, diesel and jet fuel
•Over 11 MM Bbls of new storage facilities are required by 2025 to meet the new minimum inventory requirements