Mexico Readies for Energy Sector Reform

In August or September 2013, Mexico will unveil the most ambitious of its legislative packages to date — comprehensive reform of its energy sector. The reform is expected to include incremental improvements, such as tax, pension and subsidy reforms, and will focus on more long-term structural issues, such as changing the constitution to allow for improved partnership models that will increase foreign investment. For a number of economic and political reasons, this attempt at energy reform will be Mexico's best chance in decades to solve some of the sector's most pressing challenges.