Mexico Oil & Gas Q4 2019
A gradual increase in private sector investment combined with increased government funding for state-owned Pemexwill underpin a slow reversal of Mexican crude production declines by 2021. However, President Andrés Manuel LópezObrador's more cautious stance towards future upstream tenders will threaten Mexico's long-term upside potential. Gasconsumption will continue to grow strongly and drive strong growth in imports of US LNG.
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