Mexican nearshoring opportunities seen spurring energy needs

Natural gas is the base of the nation’s electric power system, but the country faces challenges with transmission and distribution.

Insights from 8th Mexico Infrastructure Projects Forum

Industry Exchange LLC’s 8th Mexico Infrastructure Projects Forum kicked off with Nuevo León Economy Secretary Iván Rivas, stating that Mexico will do everything they can to take full advantage of the US companies moving their operations from Asia to Mexico.

Riva’s noted that natural gas is the base of the nation’s electric power system, but that they do face challenges with transmission and distribution.

José María Lujambio, partner and energy practice director at Cacheaux, Cavazos & Newton, shared his thoughts saying, “nearshoring is the type of opportunity that comes once every 100 years. It has to do with a reshaping of the global order.”

The president of power group Asociación Mexicana de Energía (AME), Abraham Zamora, shared information that provided insight into the results of nearshoring. This information concluded that nearshoring could mean 36 billion/year in additional exports out of Mexico.

Zamora also noted that there currently is not enough invested in Mexico’s electricity. He believes there needs to be a focus in investing in generation and transport and distribution.

The president of the sustainable development board for the northwestern state of Sonora, Francisco Acuña, said in conjunction with the United States, they are working on a plan to expand logistics.

The director general of energy development in the central state of San Luis Potosí, Raul Torres, said the junction of the natural gas systems in his state creates a prime location for industrial development.

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