MEXICO CITY — Mexico’s national oil monopoly has been issuing critical alerts seemingly every week, warning of natural gas shortages lasting hours or even days and crimping supplies to homes, power plants and factories.
And yet, the country has some of the world’s largest natural gas reserves and easy access to a cheap and plentiful U.S. supply.
“There hasn’t been enough energy planning in this country,” said Raul Monteforte, a former senior official with Mexico’s Energy Regulatory Commission who’s now development director for Fermaca, a private Mexican transportation pipeline company. “Huge errors of omission have brought us a gas crisis.”
The gas squeeze will only worsen as many of Mexico’s new and existing electricity plants abandon coal and other fuels in favor of natural gas, gobbling up much of the available supply.
Petroleos Mexicanos, or Pemex, as the monopoly…
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