Mexico says US energy secretary to visit, power market concerns eyed

  • 📰 Reuters
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government's planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday.

The United States has voiced concerns about an initiative championed by Lopez Obrador which aims to strengthen state control of the power market at the expense of private companies.

Lopez Obrador said no topic will be off the table, and highlighted possible talks on his proposed power industry changes during the visit in which Granholm will meet him as well as the Mexican foreign and energy ministers.The leftist nationalist leader said he would be happy "to inform about the reforms if necessary, or if she wants to know my opinion, I will be happy to give it to her."

The initiative due to be debated in Mexico's Congress in coming weeks has alarmed private investors, and the U.S. ambassador has said Washington had "serious concerns" about it. Lopez Obrador argues that previous Mexican governments rigged the energy sector in favor of private capital to the detriment of consumers and Mexico's state-run energy companies.

The Mexican president said he would also thank Granholm for the United States approving the takeover of Royal Dutch Shell's Texas-based Deer Park refinery by Mexican state oil company Pemex.Writing by Drazen Jorgic Editing by Chizu NomiyamaSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines