Mexico and fracking
|This article is part of the FrackSwarm coverage of fracking.|
The U.S. Energy Information Administration (EIA) ranked Mexico sixth in the world for technically recoverable shale gas resources, after China, Argentina, Algeria, the United States and Canada, in a 2013 analysis of 137 reserves in 41 countries.
State oil giant Petróleos Mexicanos (PEMEX) has identified five regions with potential shale gas reserves, from Veracruz to Chihuahua, on the border with the United States.
Rules and regulations
On Dec. 11, 2013, the Mexico Congress reformed articles 25, 27 and 28 of the Mexican constitution, opening up exploration, extraction, refining, transport, distribution and sales of hydrocarbons to private, local and foreign investors, altering the foundations of the country's 1938 nationalization of the oil industry.
In June 2014 it was reported that the new legal framework for Mexico’s oil industry had not placed controls on the use of harmful chemicals in the extraction of unconventional fossil fuels.
- "No Limits to Shale Gas Chemicals in Mexico," IPS, June 28, 2014.
Related GEM.wiki articles
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